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

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five (5) Business Days before the Trustee is required to provide the notification thereof. The Trustee shall be entitled to conclusively rely upon any certification delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). For the avoidance of doubt, the Trustee, in its capacity as Trustee under this Indenture, shall not act as the Modifications Calculation Agent. The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five (5) Business Days (or such other time acceptable to the Trustee) before the Trustee is required to provide the notification thereofhereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five (5) days prior to the meeting of the Holders of the Debt Securities 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 Republic shall cause the Modifications Calculation Agent shall to provide the Trustee with the methodology at least five (5) Business Days before the Trustee is required to provide the notification thereof. The Trustee shall be entitled to conclusively rely upon any certification delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). For the avoidance of doubt, the Trustee, in its capacity as Trustee under this Indenture, shall not act as the Modifications Calculation Agent. The Trustee Republic shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Republic and the Trustee with the methodology at least five (5) Business Days (or such other time acceptable to the Republic) before the Trustee Republic is required to provide the notification thereof. The Trustee shall be entitled to conclusively rely upon any certification delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfiedhereof.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five days (5or such other time acceptable to the Trustee) Business Days before the Trustee is required to provide the notification thereofhereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modificationsolicitation, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five (5) Business Days before the Trustee is required to provide the notification thereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic may appoint a calculation agent (the “Modifications Calculation Agent”). For the avoidance of doubt, the Trustee, in its capacity as Trustee under this Indenture, shall not act as the Modifications Calculation Agent. The Trustee Republic shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Republic and the Trustee with the methodology at least five (5) Business Days (or such other time acceptable to the Republic) before the Trustee Republic is required to provide the notification thereofhereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic Province may appoint a calculation agent (the “Modifications Calculation Agent”). For the avoidance of doubt, the Trustee, in its capacity as Trustee under this Indenture, shall not act as the Modifications Calculation Agent. The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five (5) Business Days (or such other time acceptable to the Trustee) before the Trustee is required to provide the notification thereofhereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.712.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders of the Debt Securities or seeking the consent of Holders of the Debt Securities to a written action under this Article 11Eleven, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modification, the Republic Province may appoint a calculation agent (the “Modifications Calculation Agent”). For the avoidance of doubt, the Trustee, in its capacity as Trustee under this Indenture, shall not act as the Modifications Calculation Agent. The Trustee shall notify the Holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee with the methodology at least five (5) Business Days (or such other time acceptable to the Trustee) before the Trustee is required to provide the notification thereofhereof. The Trustee shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.7. The Trustee shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.

Modifications Calculation Agent; Claims Valuation. For the purpose either of administering a vote of Holders holders of the Debt Securities or seeking the consent of Holders holders of the Debt Securities to a written action under this Article 11Section 14, or for calculating the principal amount of the Debt Securities of any Series eligible to participate in such a vote or consent solicitation or that have given consent to a proposed Modificationmodification, amendment, supplement or waiver of this Agreement or the terms and conditions of the Securities of any Series, the Republic Issuer may appoint a calculation agent (the “Modifications Calculation Agent”). The Trustee Fiscal Agent shall notify the Holders holders of all Debt Securities eligible to participate in such a vote or consent solicitation of the methodology, as determined by the Modifications Calculation Agent, Agent by which the principal amount of each Series of Debt Securities eligible to participate in that vote or consent solicitation will be calculated. This notification shall be given in writing at the expense of the Republic not less than five days prior to the meeting of the Holders holders of the Debt Securities 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 Modifications Calculation Agent shall provide the Trustee Fiscal Agent with the methodology at least five ten days (5or such other time acceptable to the Fiscal Agent) Business Days before the Trustee Fiscal Agent is required to provide the notification thereofhereof. The Trustee Fiscal Agent shall be entitled to conclusively rely upon any certification certifications delivered by the Modifications Calculation Agent pursuant to this Section 11.714(i) and shall be protected and incur no liability for or in respect of any action taken or thing suffered by it in relation to such certification. The Trustee Fiscal Agent shall not be responsible for determining whether the Uniformly Applicable condition has been satisfied.