EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Preferred Securities Guarantee shall be subject to the provisions of this Article Six, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of Section 6.1(i) shall be of no further effect with respect to all or a portion of all other liabilities of the Guarantor, and this Preferred Securities Guarantee shall no longer be subordinated in right of payment to such other liabilities of the Guarantor, to the extent that the Guarantor shall have delivered to the Preferred Guarantee Trustee a notice to such effect specifying therein such other liabilities to which this Preferred Securities Guarantee shall no longer be subordinated and shall have taken correlative action with respect to the Common Securities Guarantee.
Appears in 3 contracts
Samples: Preferred Securities Guarantee Agreement (Washington Water Power Capital Iii), Preferred Securities Guarantee Agreement (Washington Water Power Capital Iii), Preferred Securities Guarantee Agreement (Washington Water Power Capital Iii)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Preferred Securities Guarantee shall be subject to the provisions of this Article Six, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of Section 6.1(i) shall be of no further effect with respect to all or a portion of all other liabilities of the Guarantor, and this Preferred Securities Guarantee shall no longer be subordinated in right of payment to such other liabilities of the Guarantor, to the extent that the Guarantor shall have delivered to the Preferred Guarantee Trustee a notice to such effect specifying therein such other liabilities to which this Preferred Securities Guarantee shall no longer be subordinated and shall have taken correlative action with respect to the Common Securities Guarantee.
Appears in 3 contracts
Samples: Securities Guarantee Agreement (Washington Water Power Capital Iii), Securities Guarantee Agreement (Washington Water Power Capital Iii), Securities Guarantee Agreement (Washington Water Power Capital Iii)
EFFECT OF SUBORDINATION PROVISIONS; TERMINATION. Notwithstanding anything contained herein to the contrary, other than as provided in the immediately succeeding sentence, all the provisions of this Preferred Securities Guarantee shall be subject to the provisions of this Article Six, so far as the same may be applicable thereto. Notwithstanding anything contained herein to the contrary, the provisions of Section 6.1(i) shall be of no further effect with respect to all or a portion of all other liabilities of the Guarantor, and this Preferred Securities Guarantee shall no longer be subordinated in right of payment to such other liabilities of the Guarantor, to the extent that the Guarantor shall have delivered to the Preferred Guarantee Trustee a notice to such effect specifying therein such other liabilities to which this Preferred Securities 18 Guarantee shall no longer be subordinated and shall have taken correlative action with respect to the Common Securities Guarantee.
Appears in 1 contract
Samples: Securities Guarantee Agreement (Washington Water Power Co)
