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

Calculations in Respect of the Notes. The Issuer shall be responsible for making calculations called for under the Notes, including, but not limited to, determination of premiums, Additional Notes, original issue discount, conversion rates and adjustments, if any. The Issuer 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 Issuer shall provide a schedule of its calculations to the Trustee when applicable, and the Trustee shall be entitled to rely conclusively on the accuracy of the Issuer’s calculations without independent verification.

Appears in 5 contracts

Samples: Indenture (Community Choice Financial Inc.), Indenture (Community Choice Financial Inc.), Indenture (Reliant Software, Inc.)

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Calculations in Respect of the Notes. The Issuer shall be responsible for making calculations called for under the Notes, including, but not limited to, determination of premiums, Additional PIK Interest and PIK Notes, original issue discount, conversion rates and adjustments, if anythe Settlement Rate. The Issuer 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 Issuer shall provide a schedule of its calculations to the Trustee when applicable, and the Trustee shall be entitled to rely conclusively on the accuracy of the Issuer’s calculations without independent verification.

Appears in 1 contract

Samples: Indenture (Community Choice Financial Inc.)

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