Common use of When Treasury Notes Disregarded Clause in Contracts

When Treasury Notes Disregarded. In determining whether the Holders of the required aggregate principal amount of 1997 Notes have concurred in any direction, waiver or consent, 1997 Notes owned by the Company or an Affiliate of the Company shall be considered as though they are not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only 1997 Notes which the Trustee knows are so owned shall be so disregarded.

When Treasury Notes Disregarded. In determining whether the Holders holders of the required aggregate principal amount of 1997 Notes have concurred in any direction, waiver or consent, 1997 Notes owned by the Company or an Affiliate of the Company shall be considered as though they are not outstanding, outstanding except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only 1997 Notes which the Trustee knows are so owned shall be so disregarded.

When Treasury Notes Disregarded. In determining whether the Holders of the required aggregate principal amount of 1997 Notes have concurred in any direction, waiver or consent, 1997 Notes owned by the Company Issuers or an Affiliate of the Company Issuers shall be considered as though they are not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only 1997 Notes which the Trustee knows are so owned shall be so disregarded.