Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the Dollar Equivalent, at such date of determination, of 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, (i) such percentage shall be calculated, on the relevant date of determination, by dividing (x) the principal amount, as of such date of determination, of Notes, the Holders of which have so consented by (y) 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 2.09, to the extent applicable and (ii) the Issuer (acting reasonably and in good faith) shall be entitled to select a record date as of which the Dollar Equivalent of the principal amount of the Notes shall be calculated. In no event shall the Trustee be responsible for making any determination hereunder, nor shall the Trustee be required to obtain any exchange rate, effect any currency conversion or perform any calculation in connection with any determination hereunder.
Appears in 1 contract
Sources: Indenture (Avantor, Inc.)
Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the sum of (a) the principal amount of the Dollar Notes at such date of determination plus (b) the Dollar Equivalent, at such date of determination, of the principal amount of the 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 Notes, (i) such percentage shall be calculated, on the relevant date of determination, by dividing (x) the principal amount, as of such date of determination, of Notes, the Holders of which have so consented by (y) 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 2.09, to the extent applicable and (ii) the Issuer (acting reasonably and in good faith) shall be entitled to select a record date as of which the Dollar Equivalent of the principal amount of the Notes shall be calculated. In no event shall the Trustee be responsible for making any determination hereunder, nor shall the Trustee be required to obtain any exchange rate, effect any currency conversion or perform any calculation in connection with any determination hereunder.
Appears in 1 contract
Sources: Indenture (Avantor, Inc.)