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 sum of (x) the principal amount of 2023 Notes at such date of determination plus (y) the principal amount of 2025 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 2023 Notes or the 2025 Notes as provided for in the proviso to the first sentence of Section 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 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, as determined in accordance with the preceding sentence.

Appears in 1 contract

Sources: Indenture (Owens-Illinois Group 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 sum of (x) the principal amount of 2023 the Notes at of such date of determination plus (y) the principal amount of 2025 Notes Series outstanding 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 2023 Notes or the 2025 Notes as provided for in the proviso to the first sentence of Section 9.02)a 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 of which have so consented 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, Section 2.09 and Section 10.06.

Appears in 1 contract

Sources: Indenture (Emergent Capital, Inc.)

Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the sum of (x) the principal amount of 2023 2022 Notes at such date of determination plus (y) the principal amount of 2025 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 2023 2022 Notes or the 2025 Notes as provided for in the proviso to the first sentence of Section 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 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, as determined in accordance with the preceding sentence.

Appears in 1 contract

Sources: Indenture (Owens-Illinois Group Inc)