Common use of Treasury Debentures Clause in Contracts

Treasury Debentures. In determining whether the Holders of the required principal amount of the Debentures have concurred in any notice, direction, waiver or consent, the Debentures owned by the Company or any other obligor on the Debentures or by any Affiliate of the Company or of such other obligor shall be disregarded, except that for purposes of determining whether the Trustee shall be protected in relying on any such notice, direction, waiver or consent, only the Debentures which the Trustee knows are so owned shall be so disregarded. The Debentures so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee's right so to act with respect to the Debentures and that the pledgee is not the Company or any other obligor upon the Debentures or any Affiliate of the Company or of such other obligor.

Treasury Debentures. In determining whether the Holders of the required principal amount of the Debentures have concurred in any notice, direction, waiver or consent, the Debentures owned by the Company or any other obligor on the Debentures Company, or by any Affiliate of Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or of such other obligor Company, shall be disregardedconsidered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such notice, direction, waiver or consent, only the Debentures which that the Trustee knows are so owned shall be so disregarded. The Debentures so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee Trustee, the pledgee's right so to act deliver any such direction, waiver, or consent with respect to the Debentures and that the pledgee is not the Company or any other obligor upon the Debentures or any Affiliate of the Company or of such other obligor.

Treasury Debentures. In determining whether the Holders of the required principal amount of the Debentures have concurred in any notice, direction, waiver or consent, the Debentures owned by the Company or any other obligor on the Debentures or by any Affiliate of the Company or of such other obligor on the Debentures shall be disregarded, except that that, for purposes of determining whether the Trustee shall be protected in relying on any such notice, direction, waiver or consent, only the Debentures which the Trustee knows are so owned shall be so disregarded. The Debentures so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee's right so to act with respect to the Debentures and that the pledgee is not the Company or any other obligor upon on the Debentures or any Affiliate of the Company or of such other obligor.