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 principal amount of the Notes outstanding (including any outstanding PIK Notes and any increased principal amounts as a result of any payment of PIK Interest) 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 then outstanding, 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, in each case, as determined in accordance with the preceding sentence and Section

Appears in 3 contracts

Samples: Notes Intercreditor Agreement, Intercreditor Agreement, www.theconstellation.com

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Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes outstanding (including any outstanding PIK Notes and any increased principal amounts as a result of any payment of PIK Interest) 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 then outstanding, 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, in each case, as determined in accordance with the preceding sentence sentence, Section 2.09 and SectionSection 13.06 of this Indenture. Any such calculation made pursuant to this Section 2.14 shall be made by the Issuer and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 2 contracts

Samples: Indenture (Affinion Group, Inc.), Indenture (Affinion 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 principal amount of the Notes of such Series outstanding (including any outstanding PIK Notes and any increased principal amounts as a result of any payment of PIK Interest) 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 then outstandingof 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 sentence, Section 2.09 and SectionSection 10.06.

Appears in 1 contract

Samples: Lamington Road Dac (Emergent Capital, Inc.)

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Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes outstanding (including any outstanding PIK Notes and any increased principal amounts as a result of any payment of PIK InterestPayment) outstanding at such date of determinationdetermination (as determined in accordance with Section 2.8). 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 then outstanding, 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, in each case, as determined in accordance with the preceding sentence sentence, Section 2.8 and SectionSection 2.9 of this Indenture. Any such calculation made pursuant to this Section 2.16 shall be made by the Company and delivered to the Trustee pursuant to an Officer’s Certificate.

Appears in 1 contract

Samples: Novink (World Color Press Inc.)

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