Common use of Modification Calculation Agent; Claims Valuation Clause in Contracts

Modification Calculation Agent; Claims Valuation. For the purpose either of administering a vote of holders of the Securities or seeking the consent of Holders of the Securities to a written action under this Section, or for calculating the principal amount of the Securities of any series eligible to participate in such a vote or consent solicitation, the Issuer may appoint a Modification Calculation Agent. For the avoidance of doubt, the Fiscal Agent cannot also act as the Modification Calculation Agent. The Issuer shall instruct the Fiscal Agent to notify the holders of all Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modification Calculation Agent, by which the principal amount of each series of Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing not less than five days prior to the holders of the Securities’ meeting at which such vote shall occur or, in the case of a consent solicitation for written action, at the time such solicitation is made. The Modification Calculation Agent shall provide the Issuer and the Fiscal Agent with the methodology at least five business days (or such other time acceptable to the Issuer) before the Fiscal Agent is required to provide notification hereof.