Common use of Calculations in Respect of the Notes Clause in Contracts

Calculations in Respect of the Notes. The Company shall be responsible for making calculations called for under the Notes, including, without limitation, determination of premiums, Additional Notes, original issue discount, conversion rates and adjustments, if any. The Company shall make the calculations in good faith and, absent manifest error, its calculations shall be final and binding on the Holders of the Notes. The Company shall provide a schedule of its calculations to the Trustee when applicable, and the Trustee shall be entitled to conclusively rely on the accuracy of the Company’s calculations without independent verification.

Appears in 14 contracts

Samples: Indenture (Cleveland-Cliffs Inc.), Indenture (Cleveland-Cliffs Inc.), Indenture (Cleveland-Cliffs Inc.)

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Calculations in Respect of the Notes. The Company shall be responsible for making calculations called for under the NotesNotes of each series, including, without limitation, determination of premiums, Additional Notes, original issue discount, conversion rates and adjustments, if any. The Company shall make the calculations in good faith and, absent manifest error, its calculations shall be final and binding on the Holders of the NotesNotes of each series. The Company shall provide a schedule of its calculations to the Trustee when applicable, and the Trustee shall be entitled to conclusively rely on the accuracy of the Company’s calculations without independent verification.

Appears in 1 contract

Samples: Indenture (Cleveland-Cliffs Inc.)

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Calculations in Respect of the Notes. The Except as explicitly specified otherwise herein, the Company shall will be responsible for making all calculations called for required under this Indenture and the Notes, including, without limitation, determination of premiums, Additional Notes, original issue discount, conversion rates and adjustments, if any. The Company shall will make the all these calculations in good faith and, absent manifest error, its the Company’s calculations shall will be final and binding on the Holders of the NotesHolders. The Company shall will provide a schedule of its calculations to the Trustee when applicableTrustee, and the Trustee shall be is entitled to conclusively rely on upon the accuracy of the Company’s calculations without independent verification. The Trustee will forward the Company’s calculations to any Holder upon written request.

Appears in 1 contract

Samples: Supplemental Indenture (Excel Trust, L.P.)

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