Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes or any series of Notes, at any date of determination, shall be the principal amount of the Notes, or the Notes of such 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, or of all the Notes of any series, then Outstanding, such percentage shall be calculated, on the relevant date of determination, by dividing (i) the aggregate principal amount, as of such date of determination, of Notes, or of Notes of such series, the Holders of which have so consented by (ii) the aggregate principal amount, as of such date of determination, of the Notes, or the Notes of such series, then Outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 12.06 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.
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Samples: Supplemental Indenture (Capmark Affordable Properties LLC), Indenture (Capmark Financial Group Inc.), www.bluestem.com
Calculation of Principal Amount of Notes. The aggregate principal amount of the Notes or any series of Notes, at any date of determination, shall be the principal amount of the Notes, or the Notes of such series, Outstanding 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, Notes then outstanding (and not solely the Floating Rate Notes or Fixed Rate Notes as provided for in either of all the Notes provisos to the first sentence of any series, then OutstandingSection 9.02(a)), such percentage shall be calculated, on the relevant date of determination, by dividing (ia) the aggregate principal amount, as of such date of determination, of Notes, or of Notes of such series, the Holders of which have so consented by (iib) the aggregate principal amount, as of such date of determination, of the Notes, or the Notes of such series, then Outstandingoutstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 12.06 13.06 of this Indenture. Any such calculation made pursuant to this Section 2.14 shall be made by the Issuer Issuers and delivered to the Trustee pursuant to an Officers’ Certificate.
Appears in 2 contracts
Samples: Indenture (Borden Chemical Inc), Supplemental Indenture (Hexion Specialty Chemicals, Inc.)