Common use of Purchase and Cancellation Clause in Contracts

Purchase and Cancellation. IRSA and its Subsidiaries may at any time purchase or otherwise acquire any Security in the open market or otherwise at any price and may resell or otherwise dispose of such Security at any time; provided that in determining at any time whether the Holders of the requisite principal amount of the Securities Outstanding have given any request, demand, authorization, direction, notice, consent or waiver under this Indenture, Securities then owned by IRSA or any Subsidiary of IRSA shall be disregarded and deemed not Outstanding.