Common use of Certain Securities Owned by Company Disregarded Clause in Contracts

Certain Securities Owned by Company Disregarded. In determining whether the Securityholders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or waiver under this Indenture, the Securities of that series that are not Outstanding shall be disregarded for the purpose of any such determination. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

Appears in 8 contracts

Samples: And (SiriusPoint LTD), Indenture (Jackson Financial Inc.), Senior Indenture (Brighthouse Financial, Inc.)

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Certain Securities Owned by Company Disregarded. In determining whether the Securityholders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or of waiver under this Indenture, the Securities of that series that are not Outstanding shall be disregarded for the purpose of any such determination. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

Appears in 2 contracts

Samples: Indenture (AXA Equitable Holdings, Inc.), Indenture (AXA Equitable Holdings, Inc.)

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