Common use of Redemption following a Tax Event Clause in Contracts

Redemption following a Tax Event. (a) The Issuers may, at their option, redeem the 2054 Notes, in whole but not in part, at the redemption price equal to the sum of: (1) 100% of the principal amount of the 2054 Notes being redeemed plus (2) accrued and unpaid interest to, but excluding, the Tax Event redemption date. In such case, the Issuers will deliver a notice of redemption specifying the tax event redemption date within 120 days after the occurrence of a Tax Event.

Redemption following a Tax Event. (a) The Issuers may, at their option, redeem the 2054 Notes, in whole but not in part, at the redemption price equal to the sum of: (1) 100% of the principal amount of the 2054 Notes being redeemed plus (2) accrued and unpaid interest to, but excluding, the Tax Event redemption date. In such case, the Issuers will deliver a notice of redemption specifying the tax event redemption date within 120 days after the occurrence of a Tax Event.