Common use of Treasury Debentures Clause in Contracts

Treasury Debentures. In determining whether the Holders of the required principal amount of Debentures have concurred in any direction, amendment, supplement, waiver or consent, Debentures owned by the Company and Affiliates of the Company shall be disregarded, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such direction, amendment, supplement, waiver or consent, only Debentures that the Trustee knows or has reason to know are so owned shall be disregarded.

Appears in 2 contracts

Samples: Healthcare Realty Trust Inc, Mercury Air Group Inc

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Treasury Debentures. In determining whether the Holders of the required principal amount of Debentures have concurred in any direction, amendment, supplement, waiver or consent, Debentures owned by the Company and Affiliates or an Affiliate of the Company shall be disregarded, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such direction, amendment, supplement, waiver or consent, only Debentures that the Trustee knows or has reason to know are so owned shall be disregarded.

Appears in 1 contract

Samples: Pride Petroleum Services Inc

Treasury Debentures. In determining whether the Holders of the required principal amount of Debentures have concurred in any direction, amendment, supplement, waiver or consent, Debentures owned by the Company and Affiliates or an Affiliate of the Company shall be disregarded, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such direction, amendment, supplement, waiver or consent, only Debentures that a Trust Officer of the Trustee knows or has reason to know are so owned shall be disregarded.

Appears in 1 contract

Samples: Indenture (Pride Petroleum Services Inc)

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Treasury Debentures. In determining whether the Holders of the required aggregate principal amount of Debentures have concurred in any direction, amendment, supplement, waiver or consent, Debentures owned by the Company and Affiliates or by any Affiliate of the Company shall be disregardedconsidered as though not outstanding, except that, that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, amendment, supplement, waiver or consent, only Debentures that as to which a Trust Officer of the Trustee knows or has reason to know are so owned shall be so disregarded.

Appears in 1 contract

Samples: Lomak Petroleum Inc

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