I think "aggregate" in this context is "outstanding" or "remaining".
Say they issue $100mil hybrids nut have subsequntly converted or cashed out some. The remaining notes drop to $50mil. A trigger happens so the remaining small amount can be forced to cash out. Tidy up the house. JMHO.
PXU
paperlinx sps trust
can sps trust be forced to buy out pxupa's? , page-4
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