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, including any increase in the principal amount thereof as a result of a PIK Payment, 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, 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, Section 2.08 and Section 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officer’s Certificate. 44

Appears in 1 contract

Samples: Note Purchase Agreement (Moneygram International Inc)

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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, including any increase in the principal amount thereof as a result Notes of a PIK Payment, such series at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders holders of a specified percentage of the principal amount of all the NotesNotes of any 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 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, Section 2.08 and Section 2.09 13.06 of this Indenture. Any such calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officer’s Officers’ Certificate. 44.

Appears in 1 contract

Samples: Supplemental Indenture (XPO Logistics, Inc.)

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, including any increase in the principal amount thereof as a result of a PIK Payment, Notes at such date of determination. 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 NotesNotes (and not solely the Notes as provided for in the proviso to the first sentence of Section 9.02(a)), 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 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, Section 2.08 and Section 2.09 of this Indenture. Any such calculation made pursuant to this Section 2.13 2.19 shall be made by the Company Issuer and delivered to the Trustee pursuant to an Officer’s Officers’ Certificate. 44ARTICLE THREE

Appears in 1 contract

Samples: Indenture (Warner Music Group Corp.)

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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, including any increase in the principal amount thereof as a result Notes of a PIK Payment, such series at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders holders of a specified percentage of the principal amount of all the NotesNotes of any 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 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, Section 2.08 and Section 2.09 13.06 of this Indenture. Any such calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officer’s Certificate. 44.

Appears in 1 contract

Samples: Supplemental Indenture (Gap Inc)

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