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

Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Securities 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 Securities (and not solely the Dollar Securities or the Sterling Securities 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 Securities, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities 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.

Appears in 2 contracts

Samples: Global Crossing LTD, Global Crossing Uk Telecommunications LTD

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Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Securities 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 Securities (and not solely the Dollar Securities or the Sterling Securities 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 Securities, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities 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 REDEMPTION

Appears in 2 contracts

Samples: Indenture (LEM America, Inc), Indenture (Warner Alliance Music Inc)

Calculation of Principal Amount of Securities. The aggregate principal amount of the SecuritiesNotes, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities Notes at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Securities Euro 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 Securities Notes (and not solely the Dollar Securities Notes or the Sterling Securities Euro Notes as provided for in the proviso to the first sentence of Section 9.02(a)9.02), such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of SecuritiesNotes, the Holders of which have so consented, consented by (b) the aggregate principal amount, as of such date of determination, of the Securities 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 2.14 shall be made by the Issuer Issuers and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 1 contract

Samples: Indenture (Global Media USA, LLC)

Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Euro Securities 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 Securities (and not solely the Dollar Securities or the Sterling Euro Securities 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 Securities, the Holders of which have so consented, consented by (b) the aggregate principal amount, as of such date of determination, of the Securities then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 2.09 11.06 of this Indenture. Any such calculation made pursuant to this Section 2.19 2.14 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers' Certificate.

Appears in 1 contract

Samples: Supplemental Indenture (Nalco Energy Services Equatorial Guinea LLC)

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Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Euro Securities 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 Securities (and not solely the Dollar Securities or the Sterling Euro Securities 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 Securities, the Holders of which have so consented, consented by (b) the aggregate principal amount, as of such date of determination, of the Securities then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 2.09 13.06 of this Indenture. Any such calculation made pursuant to this Section 2.19 2.14 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers' Certificate.

Appears in 1 contract

Samples: Supplemental Indenture (Nalco Energy Services Equatorial Guinea LLC)

Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Euro Securities 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 Securities (and not solely the Dollar Securities or the Sterling Euro Securities 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 Securities, the Holders of which have so consented, consented by (b) the aggregate principal amount, as of such date of determination, of the Securities then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 2.09 12.06 of this Indenture. Any such calculation made pursuant to this Section 2.19 2.14 shall be made by the Issuer Company and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 1 contract

Samples: Indenture (Nalco Holding CO)

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