Common use of Deemed Not Outstanding Clause in Contracts

Deemed Not Outstanding. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement with respect to the giving of consents or approvals or with respect to acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company or any of its Subsidiaries or Affiliates shall be disregarded and deemed not to be outstanding.

Deemed Not Outstanding. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement with respect to the giving of consents or approvals or with respect to acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company Holdings or any of its Subsidiaries or Affiliates shall be disregarded and deemed not to be outstanding.

Deemed Not Outstanding. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement or any other Operative Agreement with respect to the giving of consents or approvals or with respect to the acceleration upon an Event of Default, any Notes directly or indirectly owned by either Obligor, the Company general partner of Star Gas or any of its Subsidiaries or their respective Affiliates shall be disregarded and deemed not to be outstanding.

Deemed Not Outstanding. For the --------------------------------------------------- purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement with respect to the giving of consents or approvals or with respect to acceleration ac celeration upon an Event of Default, any Notes directly or indirectly owned by any of the Company or any of its Subsidiaries Subsidiary or Affiliates shall be disregarded and deemed not to be outstanding.

Deemed Not Outstanding. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement with respect to the giving of consents or approvals or with respect to acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company Holdings or any of its Subsidiaries or Affiliates shall be disregarded and deemed not to be outstanding.