Common use of Notes Held by Company, Etc Clause in Contracts

Notes Held by Company, Etc. DEEMED NOT OUTSTANDING. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement or any other Operative Agreement with respect to the giving of consents or approvals or with respect to the acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company, either General Partner or any of their respective Affiliates shall be disregarded and deemed not to be outstanding.

Appears in 2 contracts

Samples: Note Agreement (Cornerstone Propane Partners Lp), Underwriting Agreement (Cornerstone Propane Partners Lp)

AutoNDA by SimpleDocs

Notes Held by Company, Etc. DEEMED NOT OUTSTANDING. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement or any other Operative Agreement with respect to the giving of consents or approvals or with respect to the acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company, either General Partner Company or any of their respective its Subsidiaries or Affiliates shall be disregarded and deemed not to be outstanding.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Dixon Ticonderoga Co), Note and Warrant Purchase Agreement (Eco Soil Systems Inc)

Notes Held by Company, Etc. DEEMED NOT OUTSTANDING. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement or any other Operative Agreement with respect to the giving of consents or approvals or with respect to the acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company, either General Partner, the Managing General Partner or any of their respective Affiliates shall be disregarded and deemed not to be outstanding.

Appears in 1 contract

Samples: Note Agreement (Cornerstone Propane Partners Lp)

AutoNDA by SimpleDocs

Notes Held by Company, Etc. DEEMED NOT OUTSTANDING. For the purposes of determining whether the holders of the Notes of the requisite principal amount at the time outstanding have taken any action authorized by this Agreement or any other Operative Agreement with respect to the giving of consents or approvals or with respect to the acceleration upon an Event of Default, any Notes directly or indirectly owned by the Company, the Operating Partnership, either General Partner or any of their respective Affiliates shall be disregarded and deemed not to be outstanding.

Appears in 1 contract

Samples: Cornerstone Propane Partners Lp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!