Common use of Calculations in Respect of Securities Clause in Contracts

Calculations in Respect of Securities. The Company will be responsible for making all calculations called for under the Debentures. The Company will make these calculations in good faith and, absent manifest error, the calculations will be final and binding on Holders of the Debentures. The Company shall provide to the Trustee a schedule of its calculations, and the Trustee is entitled to rely upon the accuracy of such calculations without independent verification. The Trustee shall forward the Company’s calculations to any Holder of the Debentures upon the request of such Holder.

Appears in 4 contracts

Samples: Indenture (Host Marriott Corp/), Indenture (Host Hotels & Resorts, Inc.), Indenture (Host Hotels & Resorts L.P.)

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Calculations in Respect of Securities. The Company will shall be responsible for making all calculations called for under the DebenturesSecurities. The All calculations made by the Company will make these calculations shall be made in good faith and, absent manifest error, the calculations will and be final and binding on the Holders of the DebenturesSecurities absent manifest error. The Company shall provide to the Trustee a schedule of its calculationscalculations to the Trustee, and upon request any Holder, and the Trustee is shall be entitled to conclusively rely upon the accuracy of such the calculations by the Company without independent verification. The Trustee shall forward calculations made by the Company’s calculations Company to any Holder of the Debentures Securities upon the request of such Holderrequest.

Appears in 1 contract

Samples: Indenture (American Oriental Bioengineering Inc)

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