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, waiver or consent, Debentures owned by an Issuer, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with an Issuer, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Debentures that the Trustee knows are so owned shall be so disregarded.

Appears in 2 contracts

Samples: Grove Investors Capital Inc, Grove Holdings Capital Inc

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Treasury Debentures. In determining whether the Holders of the required principal amount of Debentures have concurred in any direction, waiver or consent, Debentures owned by an IssuerHolding, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with an IssuerHolding, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Debentures that the Trustee actually knows are so owned shall be so disregarded.

Appears in 1 contract

Samples: Execution (Aki Inc)

Treasury Debentures. In determining whether the Holders of the required principal amount or principal amount at maturity, as applicable, of Debentures have concurred in any direction, waiver or consent, Debentures owned by an Issuerthe Issuers, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with an Issuerthe Issuers, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Debentures that the Trustee knows are so owned shall be so disregarded.

Appears in 1 contract

Samples: Falcon Funding Corp

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Treasury Debentures. In determining whether the Holders of the required principal amount at maturity of Debentures have concurred in any direction, waiver or consent, Debentures owned by an the Issuer, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with an the Issuer, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Debentures that the Trustee knows are so owned shall be so disregarded.

Appears in 1 contract

Samples: Thermadyne Holdings Corp /De

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