Verification Covenant definition

Verification Covenant has the meaning specified in Section 5.02.

Verification Covenant means a covenant by a Directing Holder to provide the Issuer with such other information as the Issuer may reasonably request from time to time in order to verify the accuracy of such Holder’s Position Representation within five Business Days of request therefor.

Verification Covenant has the meaning assigned to such term in Section 7.05.

Examples of Verification Covenant in a sentence

• In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee.

• If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Company provides to the Trustee an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period with respect to any Event of Default that resulted from the applicable Noteholder Direction shall be automatically stayed pending satisfaction of such Verification Covenant.

• In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee and DTC shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering its direction to the Trustee.

• In addition, each Directing Holder must, at the time of providing a Noteholder Direction, make a Verification Covenant.

• In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee, and DTC shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering its direction to the Trustee.

More Definitions of Verification Covenant

Verification Covenant has the meaning specified in Section 502(c) of this Indenture.

Verification Covenant has the meaning set forth in Section 5.03(a) of this Supplemental Indenture.

Verification Covenant has the meaning assigned to such term in Section 9.02(e).

Verification Covenant has the meaning set forth under Section 6.02(c).

Verification Covenant has the meaning specified in Section 502(f).

Verification Covenant means a covenant by a Directing Holder to provide the Company with such other information as we may reasonably request from time to time in order to verify the accuracy of such Securityholder’s Position Representation within five Business Days of request therefor.

Verification Covenant has the meaning specified in Section 8.04(2). “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. “Weighted Average Life to Maturity” means, when applied to any Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by dividing: (1) the sum of the products of the number of years (calculated to the nearest one-twenty fifth) from the date of determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or Preferred Stock, multiplied by the amount of such payment, by 110 US-DOCS\123992845.16 042525-0274