Common use of Outstanding Aggregate Principal Amount of Notes Clause in Contracts

Outstanding Aggregate Principal Amount of Notes. The Company will promptly, upon request by an Agent, notify such Agent of the aggregate principal amount of Notes outstanding and issued pursuant to the Registration Statement in their currency of denomination and (if so requested) expressed in U.S. dollars. For the purpose of determining the aggregate principal amount of Notes outstanding and issued pursuant to the Registration Statement, (A) the principal amount of Notes issued pursuant to the Registration Statement, denominated in a currency other than U.S. dollars, shall be converted into U.S. dollars using the spot rate of exchange for the purchase of the relevant currency against payment of U.S. dollars being quoted by the Paying Agent or the Calculation Agent, as applicable, each as defined in the relevant Indenture, on the date on which such Notes issued pursuant to the Registration Statement were initially offered, (B) any Notes issued pursuant to the Registration Statement that provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default (as defined in the relevant Indenture) in respect of such Notes shall have a principal amount equal to their issue amount, (C) any zero coupon Notes shall have a principal amount equal to their issue price and (D) the currency in which any Notes issued pursuant to the Registration Statement are payable, if different from the currency of their denomination, shall be disregarded.

Appears in 4 contracts

Samples: Distribution Agreement (Principal Financial Group Inc), Distribution Agreement (Principal Life Insurance Co), Distribution Agreement (Ing Usa Annuity & Life Insurance Co)

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Outstanding Aggregate Principal Amount of Notes. The Company will promptly, upon request by an Agent, notify such Agent of the aggregate principal amount of Notes notes outstanding and issued pursuant to the Registration Statement in their currency of denomination and (if so requested) expressed in U.S. dollars. For the purpose of determining the aggregate principal amount of Notes notes outstanding and issued pursuant to the Registration Statement, (A) the principal amount of Notes notes issued pursuant to the Registration Statement, denominated in a currency other than U.S. dollars, shall be converted into U.S. dollars using the spot rate of exchange for the purchase of the relevant currency against payment of U.S. dollars being quoted by the Paying Agent or the Calculation Agent, as applicable, each as defined in the relevant Indenture, on the date on which such Notes notes issued pursuant to the Registration Statement were initially offered, (B) any Notes notes issued pursuant to the Registration Statement that which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default (as defined in the relevant Indenture) Indenture in respect of such Notes shall have a principal amount equal to their issue amount, (C) any zero coupon Notes notes shall have a principal amount equal to their issue price and (D) the currency in which any Notes notes issued pursuant to the Registration Statement are payable, if different from the currency of their denomination, shall be disregarded.

Appears in 2 contracts

Samples: Ing Usa Annuity & Life Insurance Co, Ing Usa Annuity & Life Insurance Co

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Outstanding Aggregate Principal Amount of Notes. The Company will promptly, upon request by an Agent and/or Co-Agent, notify such Agent and/or Co-Agent of the aggregate principal amount of Notes then outstanding and issued pursuant to the Registration Statement in their currency of denomination and (if so requested) expressed in U.S. dollars. For the purpose of determining the aggregate principal amount of Notes outstanding and issued pursuant to the Registration Statementoutstanding, (A) the principal amount of Notes issued pursuant to the Registration StatementNotes, denominated in a currency other than U.S. dollars, shall be converted into U.S. dollars using the spot rate of exchange for the purchase of the relevant currency against payment of U.S. dollars being quoted by the Paying Agent or the Calculation Agent, as applicable, each as defined in the relevant Indenture, on the date on which such Notes issued pursuant to the Registration Statement were initially offered, (B) any Notes issued pursuant to the Registration Statement that which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default (as defined in the relevant Indenture) Indenture in respect of such Notes shall have a principal amount equal to their issue amount, (C) any zero coupon Notes shall have a principal amount equal to their issue price and (D) the currency in which any Notes issued pursuant to the Registration Statement are payable, if different from the currency of their denomination, shall be disregarded.

Appears in 2 contracts

Samples: Distribution Agreement (Ge Life & Annuity Assurance Co), Distribution Agreement (Ge Life & Annuity Assurance Co)

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