Common use of Calculation of Principal Amount of Securities Clause in Contracts

Calculation of Principal Amount of Securities. The aggregate principal amount of Securities, at any date of determination, shall be the principal amount of Securities (including any Outstanding PIK Securities and any increased principal amounts as a result of any 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 Securities, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Securities then Outstanding, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities then Outstanding, in each case as determined in accordance with the preceding sentence. Any such calculation made pursuant to this Section 3.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 7 contracts

Samples: Indenture (Bally Total Fitness Holding Corp), Indenture (Bally Total Fitness Holding Corp), Indenture (Bally Total Fitness Holding Corp)

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Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the sum of (1) the principal amount of the Dollar Securities at such date of determination plus (including any Outstanding PIK 2) the U.S. Dollar Equivalent, at such date of determination, of the principal amount of the Sterling Securities and any increased principal amounts as a result of any 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 SecuritiesSecurities (and not solely the Dollar Securities or the Sterling Securities 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 Securities then OutstandingSecurities, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities then Outstandingoutstanding, in each case case, as determined in accordance with the preceding sentence, and Section 2.09 of this Indenture. Any such calculation made pursuant to this Section 3.13 2.19 shall be made by the Company Issuer and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 4 contracts

Samples: Indenture (Global Crossing Uk Telecommunications LTD), Indenture (LEM America, Inc), Indenture (Warner Alliance Music Inc)

Calculation of Principal Amount of Securities. The aggregate principal amount of the Securities, at any date of determination, shall be the principal amount of the Securities outstanding at such date of determination (including any Outstanding outstanding PIK Securities and any increased principal amounts as a result of any payment of PIK Payment) at such date of determinationInterest). 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 Securities, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Securities then OutstandingSecurities, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities then Outstandingoutstanding, in each case case, as determined in accordance with the preceding sentence, Section 2.09 and Section 12.04 of this Indenture. Any such calculation made pursuant to this Section 3.13 2.14 shall be made by the Company Issuers and delivered to the Trustee pursuant to an Officers’ Officer's Certificate.

Appears in 2 contracts

Samples: Indenture (Party City Holdco Inc.), Indenture (Party City Holdco Inc.)

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Calculation of Principal Amount of Securities. The aggregate principal amount of Securitiesthe Securities of a series, at any date of determination, shall be the principal amount of the Securities (including any Outstanding PIK Securities and any increased principal amounts as a result of any PIK Payment) such series 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 SecuritiesSecurities of 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 Securities then Outstandingof such series, the Holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Securities of such series then Outstandingoutstanding, in each case case, as determined in accordance with the preceding sentence, Section 2.09 and Section 13.06 of this Indenture. Any such calculation made pursuant to this Section 3.13 2.14 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

Appears in 1 contract

Samples: Indenture (Verso Sartell LLC)

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