Direction, Waiver and Consent Requirements. In determining whether the Noteholders of the required principal amount of Senior Secured Increasing Rate Notes have concurred in any direction, waiver or consent, Senior Secured Increasing Rate Notes owned by the Company or any direct or indirect Subsidiary of the Company shall not be considered as though they are outstanding.
Appears in 10 contracts
Samples: Note (Morgan Stanley), Note (Viatel Holding Bermuda LTD), Note Agreement (Viatel Holding Bermuda LTD)