Common use of Events of Default; Notice Clause in Contracts

Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 2 contracts

Samples: Guarantee Agreement (Safety First Trust Series 2009-6), Guarantee Agreement (Citigroup Inc)

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Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the HoldersHolders and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided , provided, however, that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Guarantee Agreement (Michigan Commerce Bancorp LTD)

Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 30 days after the occurrence of an Event of DefaultDefault actually known by a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the HoldersHolders of the Preference Shares, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee TrusteeTrustee (which knowledge shall be determined in accordance with Section 2.2(c) above), unless such defaults Events of Default have been cured before the giving of such notice; provided that that, the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Preference Shares.

Appears in 1 contract

Samples: Preference Shares Guarantee Agreement (Bank of N.T. Butterfield & Son LTD)

Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of DefaultDefault actually known to a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders, notices of all such Events of Default actually known to a Responsible Officer of the Certificate Guarantee TrusteeDefault, unless such defaults have been cured before the giving of such notice; provided , provided, however, that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Iii 5 Guarantee Agreement (Transamerica Capital Iii)

Events of Default; Notice. (a) The Certificate TARGETS Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default actually known to a Responsible Officer of the Certificate TARGETS Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided that the Certificate TARGETS Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate TARGETS Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Guarantee Agreement (Citigroup Inc)

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Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided , provided, however, that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Guarantee Agreement (AmericanWest Capital Trust IV)

Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the HoldersHolders of the Capital Securities, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided provided, however, that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Guarantee Agreement (Coastal Banking Co Inc)

Events of Default; Notice. (a) The Certificate Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the HoldersHolders of the Trust-Preferred Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Certificate Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided , provided, however, that the Certificate Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Certificate Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Trust-Preferred Securities.

Appears in 1 contract

Samples: Guarantee Agreement (Michigan Commerce Bancorp LTD)

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