Common use of Calculation of Principal Amount of Notes Clause in Contracts

Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination With respect to any matter requiring consent, waiver, approval or other action of the Holders of a specified percentage of the principal amount of all the Notes (and not solely the Notes as provided for in the proviso to the first sentence of Section 9.02(a)), such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.19 shall be made by the Issuer and delivered to the Trustee pursuant to an Officers’ Certificate. ARTICLE THREE

Appears in 1 contract

Samples: Indenture (Warner Music Group Corp.)

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Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes Notes, including any increase in the principal amount thereof as a result of a PIK Payment, at such date of determination determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders of a specified percentage of the principal amount of all the Notes (and not solely the Notes as provided for in the proviso to the first sentence of Section 9.02(a))Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the Holders of which have so consented, consented by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.08 and Section 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.19 2.13 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers’ Officer’s Certificate. ARTICLE THREE44

Appears in 1 contract

Samples: Note Purchase Agreement (Moneygram International Inc)

Calculation of Principal Amount of Notes. The aggregate principal amount of the NotesNotes of any series, at any date of determination, shall be the principal amount of the Notes of such series at such date of determination determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders holders of a specified percentage of the principal amount of all the Notes (and not solely the Notes as provided for in the proviso to the first sentence of Section 9.02(a))any series, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of NotesNotes of such series, the Holders holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes of such series then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 2.09 13.06 of this Indenture. Any such calculation of the Applicable Premium made pursuant to this Section 2.19 2.13 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers’ Officer’s Certificate. ARTICLE THREE.

Appears in 1 contract

Samples: Supplemental Indenture (Gap Inc)

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Calculation of Principal Amount of Notes. The aggregate principal amount of the NotesNotes of any series, at any date of determination, shall be the principal amount of the Notes of such series at such date of determination determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders holders of a specified percentage of the principal amount of all the Notes (and not solely the Notes as provided for in the proviso to the first sentence of Section 9.02(a))any series, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of NotesNotes of such series, the Holders holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes of such series then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 2.09 13.06 of this Indenture. Any such calculation of the Applicable Premium made pursuant to this Section 2.19 2.13 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers’ Certificate. ARTICLE THREE.

Appears in 1 contract

Samples: Supplemental Indenture (XPO Logistics, Inc.)

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