Common use of Appointment of Agents with Respect to Certain Calculations Clause in Contracts

Appointment of Agents with Respect to Certain Calculations. The Company may appoint an Agent or Agents with respect to one or more Series of Securities which Agent or Agents shall be authorized to determine the rate or rates of interest applicable to the Securities of any Series from time to time in effect, the amount of principal or premium, if any payable on the Securities of any Series and the rates of exchange applicable to the Securities of any Series denominated in a currency other than United States dollars from time to time in effect, all in accordance with the terms of the Securities of such Series. Wherever reference is made in this Indenture to any such calculation by the Trustee, it shall be deemed to refer to the calculation by such agent or agents. Such agent, upon calculating the amounts so to be calculated pursuant to the terms of the Securities of any Series shall communicate promptly in writing the amounts so calculated to the Company and the Trustee. Absent manifest error, all amounts so calculated shall be binding on the Company, the Trustee and the Holders of the Securities of such Series. Any such agent may resign at any time by giving written notice thereof to the Company and to the Trustee. The Company may at any time terminate the agency of any such agent by giving written notice thereof to such agent and to the Trustee. Upon receiving such a notice of resignation or upon such a termination, the Company may appoint a successor agent and shall give notice of such appointment to all Holders of Securities in the manner provided in Section 12.4.

Appears in 2 contracts

Samples: Indenture (Enhance Financial Services Group Inc), Indenture (Enhance Financial Services Group Inc)

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Appointment of Agents with Respect to Certain Calculations. The Company Issuer may appoint an Agent or Agents with respect to one or more Series of Securities which Agent or Agents shall be authorized to determine the rate or rates of interest applicable to the Securities of any Series from time to time in effect, the amount of principal or premium, if any any, payable on the Securities of any Series and the rates of exchange applicable to the Securities of any Series denominated in a currency other than United States dollars from time to time in effect, all in accordance with the terms of the Securities of such Series. Wherever reference is made in this Indenture to any such calculation by the Trustee, it shall be deemed to refer to the calculation by such agent or agents. Such agent, upon calculating the amounts so to be calculated pursuant to the terms of the Securities of any Series shall communicate promptly in writing the amounts so calculated to the Company Issuer and the Trustee. Absent manifest error, all amounts so calculated shall be binding on the CompanyIssuer, the Trustee and the Holders of the Securities of such Series. Any such agent may resign at any time by giving written notice thereof to the Company Issuer and to the Trustee. The Company Issuer may at any time terminate the agency of any such agent by giving written notice thereof to such agent and to the Trustee. Upon receiving such a notice of resignation or upon such a termination, the Company Issuer may appoint a successor agent and shall give notice of such appointment to all Holders of Securities in the manner provided in Section 12.4.11.4. ARTICLE THREE COVENANTS OF THE ISSUER

Appears in 1 contract

Samples: Indenture (General Mills Inc)

Appointment of Agents with Respect to Certain Calculations. The Company may appoint an Agent or Agents with respect to one or more Series of Securities which Agent or Agents shall be authorized to determine the rate or rates of interest applicable to the Securities of any Series from time to time in effect, the amount of principal or premium, if any payable on the Securities of any Series and the rates of exchange applicable to the Securities of any Series denominated in a currency other than United States dollars from time to time in effect, all in accordance with the terms of the Securities of such Series. Wherever reference is made in this Indenture to any such calculation by the Trustee, it shall be deemed to refer to the calculation by such agent or agents. Such agent, upon calculating the amounts so to be calculated pursuant to the terms of the Securities of any Series shall communicate promptly in writing the amounts so calculated to the Company and the Trustee. Absent manifest error, all amounts so calculated shall be binding on the Company, the Trustee and the Holders of the Securities of such Series. Any such agent may resign at any time by giving written notice thereof to the Company and to the Trustee. The Company may at any time terminate the agency of any such agent by giving written notice thereof to such agent and to the Trustee. Upon receiving such a notice of resignation or upon such a termination, the Company may appoint a successor agent and shall give notice of such appointment to all Holders of Securities in the manner provided in Section 12.411 .4.

Appears in 1 contract

Samples: Indenture (Enhance Financial Services Group Inc)

Appointment of Agents with Respect to Certain Calculations. The Company Issuer may appoint an Agent or Agents with respect to -29- one or more Series of Securities which Agent or Agents shall be authorized to determine the rate or rates of interest applicable to the Securities of any Series from time to time in effect, the amount of principal or premium, if any any, payable on the Securities of any Series and the rates of exchange applicable to the Securities of any Series denominated in a currency other than United States dollars from time to time in effect, all in accordance with the terms of the Securities of such Series. Wherever reference is made in this Indenture to any such calculation by the Trustee, it shall be deemed to refer to the calculation by such agent or agents. Such agent, upon calculating the amounts so to be calculated pursuant to the terms of the Securities of any Series shall communicate promptly in writing the amounts so calculated to the Company Issuer and the Trustee. Absent manifest error, all amounts so calculated shall be binding on the CompanyIssuer, the Trustee and the Holders of the Securities of such Series. Any such agent may resign at any time by giving written notice thereof to the Company Issuer and to the Trustee. The Company Issuer may at any time terminate the agency of any such agent by giving written notice thereof to such agent and to the Trustee. Upon receiving such a notice of resignation or upon such a termination, the Company Issuer may appoint a successor agent and shall give notice of such appointment to all Holders of Securities in the manner provided in Section 12.411.4.

Appears in 1 contract

Samples: Indenture (Dow Chemical Co /De/)

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Appointment of Agents with Respect to Certain Calculations. The Company Issuer may appoint an Agent or Agents with respect to one or more Series of Securities which Agent or Agents shall be authorized to determine the rate or rates of interest applicable to the Securities of any Series from time to time in effect, the amount of principal or premium, if any any, payable on the Securities of any Series and the rates of exchange applicable to the Securities of any Series denominated in a currency other than United States dollars from time to time in effect, all in accordance with the terms of the Securities of such Series. Wherever reference is made in this Indenture to any such calculation by the Trustee, it shall be deemed to refer to the calculation by such agent or agents. Such agent, upon calculating the amounts so to be calculated pursuant to the terms of the Securities of any Series shall communicate promptly in writing the amounts so calculated to the Company Issuer and the Trustee. Absent manifest error, all amounts so calculated shall be binding on the CompanyIssuer, the Trustee and the Holders of the Securities of such Series. Any such agent may resign at any time by giving written notice thereof to the Company Issuer and to the Trustee. The Company Issuer may at any time terminate the agency of any such agent by giving written notice thereof to such agent and to the Trustee. Upon receiving such a notice of resignation or upon such a termination, the Company Issuer may appoint a successor agent and shall give notice of such appointment to all Holders of Securities in the manner provided in Section 12.4.11.4. ARTICLE THREE

Appears in 1 contract

Samples: Indenture (General Mills Inc)

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