Calculation of Principal Amount of Securities. 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, 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 2.08 of this Indenture. Any such calculation made pursuant to this Section 2.14 shall be made by the Issuers and delivered to the Trustee pursuant to an Officers’ Certificate, unless a Default or Event of Default has occurred, in which case such calculation may be made by the Trustee.
Appears in 8 contracts
Samples: Indenture (Calumet Specialty Products Partners, L.P.), Supplemental Indenture (Calumet Specialty Products Partners, L.P.), Supplemental Indenture (Calumet Specialty Products Partners, L.P.)
Calculation of Principal Amount of Securities. 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, 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 Sections 2.08 and 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.14 2.15 shall be made by the Issuers and delivered to the Trustee pursuant to an Officers’ Certificate, unless a Default or Event of Default has occurred, in which case such calculation may be made by the Trustee.
Appears in 5 contracts
Samples: Indenture (Calumet Specialty Products Partners, L.P.), Indenture (Calumet Specialty Products Partners, L.P.), Indenture (Calumet Specialty Products Partners, L.P.)
Calculation of Principal Amount of Securities. 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, 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 sentence, Section 2.08 and Section 2.08 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.14 shall be made by the Issuers Issuer and delivered to the Trustee pursuant to an Officers’ Officer’s Certificate, unless a Default or Event of Default has occurred, in which case such calculation may be made by the Trustee.
Appears in 3 contracts
Samples: Senior Notes Indenture (Surgical Care Affiliates, Inc.), Senior Notes Indenture (Claires Stores Inc), Intercreditor Agreement (Claires Stores Inc)
