Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 231 contracts
Samples: Preferred Securities Guarantee Agreement, Preferred Securities Guarantee Agreement, Preferred Securities Guarantee Agreement (Allstate Financing X)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 93 contracts
Samples: Guarantee Agreement (Everest Re Group LTD), Guarantee Agreement (Redwood Capital Trust Ii), Guarantee Agreement (First Citizens Bancorporation Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 85 contracts
Samples: Guarantee Agreement (Southwestern Electric Power Co), Guarantee Agreement (Alabama Power Capital Trust Iv), Guarantee Agreement (Alabama Power Capital Trust Vi)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of Preferred the Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 61 contracts
Samples: Guarantee Agreement (First Merchants Corp), Guarantee Agreement (Superior Bancorp), Guarantee Agreement (Wells Fargo & Co/Mn)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 30 contracts
Samples: Convertible Preferred Securities Guarantee Agreement (Bridge Bancorp Inc), Preferred Securities Guarantee Agreement (Matrix Bancorp Capital Trust I), Preferred Securities Guarantee Agreement (Taylor Capital Group Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 28 contracts
Samples: Preferred Securities Guarantee Agreement (KCPL Financing Ii), Guarantee Agreement (Northwestern Corp), Preferred Securities Guarantee Agreement (Sempra Energy Holdings)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 28 contracts
Samples: Guarantee Agreement (Fifth Third Capital Trust VIII), Guarantee Agreement (Fifth Third Capital Trust VIII), Guarantee Agreement (BEE Financing Trust III)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 25 contracts
Samples: Preferred Securities Guarantee Agreement (Itla Capital Corp), Preferred Securities Guarantee Agreement (First Busey Statutory Trust V), Preferred Securities Guarantee Agreement (S.Y. Bancorp Capital Trust II)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Trust Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 25 contracts
Samples: Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII), Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII), Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 16 contracts
Samples: Guarantee Agreement (Whitney Capital Trust I), Guarantee Agreement (Whitney Capital Trust I), Guarantee Agreement (Whitney Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 13 contracts
Samples: Preferred Securities Guarantee Agreement (PartnerRe Finance B LLC), Preferred Securities Guarantee Agreement (PartnerRe Finance B LLC), Guarantee Agreement (Ace Ina Holdings Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 12 contracts
Samples: Preferred Securities Guarantee Agreement (Alterra Finance LLC), Preferred Securities Guarantee Agreement (Axis Capital Holdings LTD), Preferred Securities Guarantee Agreement (Max USA Holdings Ltd.)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Trust Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 9 contracts
Samples: Guarantee Agreement (Txu Capital Iv), Guarantee Agreement (Txu Electric Capital Viii), Guarantee Agreement (Texas Utilities Co /Tx/)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 8 contracts
Samples: Preferred Securities Guarantee Agreement, Preferred Securities Guarantee Agreement (Peco Energy Co), Preferred Securities Guarantee Agreement (Stanley Works)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 7 contracts
Samples: Preferred Securities Guarantee Agreement (Evans Capital Trust III), Preferred Securities Guarantee Agreement (Evans Capital Trust III), Preferred Securities Guarantee Agreement (Privatebancorp Capital Trust Iv)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 6 contracts
Samples: Guarantee Agreement (WSFS Financial Corp), Trust Preferred Securities Guarantee Agreement (GW Capital Trust II), Guarantee Agreement (WSFS Financial Corp)
Events of Default; Waiver. The Holders of not less than a Majority in liquidation amount of Preferred Securities may, by votevote or written consent, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 6 contracts
Samples: Preferred Securities Guarantee Agreement (Apache Trust Ii), Preferred Securities Guarantee Agreement (Dte Energy Co), Preferred Securities Guarantee Agreement (Apache Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 6 contracts
Samples: Capital Securities Guarantee Agreement (First Financial Capital Trust II), Capital Securities Guarantee Agreement (First Financial Capital Trust II), Capital Securities Guarantee Agreement (Great Southern Capital Trust IV)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 6 contracts
Samples: Preferred Securities Guarantee Agreement (Chemed Corp), Preferred Securities Guarantee Agreement (Carriage Services Inc), Preferred Securities Guarantee Agreement (Chemed Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 5 contracts
Samples: Guarantee Agreement (Regions Financing Trust Ii), Guarantee Agreement (Union Planters Corp), Guarantee Agreement (Hancock John Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 5 contracts
Samples: Guarantee Agreement (Great Plains Energy Inc), Guarantee Agreement (Union Electric Co), Guarantee Agreement (Ameren Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 4 contracts
Samples: Preferred Securities Guarantee Agreement (Fleetwood Enterprises Inc/De/), Preferred Securities Guarantee Agreement (Fleetwood Capital Trust Iii), Preferred Securities Guarantee Agreement (Fleetwood Capital Trust Iii)
Events of Default; Waiver. The Holders of not less than a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 4 contracts
Samples: Guarantee Agreement (Regions Financing Trust Iii), Guarantee Agreement (Regions Financing Trust Ii), Guarantee Agreement (Regions Financing Trust Iii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 4 contracts
Samples: Capital Securities Guarantee Agreement (HSBC Usa Capital Trust Vi), Capital Securities Guarantee Agreement (Wachovia Capital Trust Viii), Capital Securities Guarantee Agreement (Orion Capital Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Trust Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Trust Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Preferred Trust Securities Guarantee Agreement (Texas Utilities Co /Tx/), Preferred Trust Securities Guarantee (Txu Europe Funding I L P), Preferred Trust Securities Guarantee (Txu Europe Funding I L P)
Events of Default; Waiver. The Holders of a Majority majority in liquidation amount of Outstanding Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Guarantee Agreement (Delmarva Power & Light Co /De/), Guarantee Agreement (Atlantic City Electric Co), Guarantee Agreement (Atlantic Capital Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount ------------------------- Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Preferred Securities Guarantee Agreement (Abc Bancorp Capital Trust I), Preferred Securities Guarantee Agreement (Abc Bancorp Capital Trust I), Preferred Securities Guarantee Agreement (Ctbi Preferred Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by votevoting or consenting as a class, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 3 contracts
Samples: Preferred Securities Guarantee Agreement (Bear Stearns Capital Trust V), Preferred Securities Guarantee Agreement (Bear Stearns Companies Inc), Preferred Securities Guarantee Agreement (Bear Stearns Companies Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Company Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Teco Energy Inc), Guarantee Agreement (Teco Energy Inc), Guarantee Agreement (Teco Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, cured for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Vanstar Financing Trust), Preferred Securities Guarantee Agreement (Suiza Foods Corp)
Events of Default; Waiver. The Holders of a Majority in ------------------------- liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been curedcured and not to have existed, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Duke Energy Capital Trust Ii), Guarantee Agreement (Duke Capital Financing Trust Iii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by votevote or written consent, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Sunoco Inc), Guarantee Agreement (Sunoco Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Crown Media Holdings Inc), Preferred Securities Guarantee Agreement (Ati Financing Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (FBL Financial Group Inc), Preferred Securities Guarantee Agreement (American Equity Investment Life Holding Co)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Preference of Preferred Partnership Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Partnership Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Partnership Securities Guarantee Agreement (Texas Utilities Co /Tx/), Preferred Partnership Securities Guarantee (Txu Europe Funding I L P)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuaranty, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guaranty Agreement (ServisFirst Bancshares, Inc.), Preferred Securities Guaranty Agreement (United Community Bancshares Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred the Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Amerus Capital I), Guarantee Agreement (Vib Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequencesconsequences except with respect to a default in payment of any Guarantee Payments. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 2 contracts
Samples: Guarantee Agreement (Usf&g Corp), Guarantee Agreement (Usf&g Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Capitol Trust Xv), Preferred Securities Guarantee Agreement (Capitol Bancorp LTD)
Events of Default; Waiver. The Holders of a Majority in aggregate liquidation amount of Partnership Preferred Securities may, by vote, on behalf of the Holders of all of the Partnership Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Guarantee Event of Default and its consequences. Upon such waiver, any such Guarantee Event of Default shall cease to exist, and any Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Federal Mogul Financing Trust), Preferred Securities Guarantee Agreement (K N Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 2 contracts
Samples: Guarantee Agreement (Nevada Power Co), Guarantee Agreement (Nevada Power Co)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Reliastar Financing Ii), Preferred Securities Guarantee Agreement (Reliastar Financing V)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Waccamaw Bankshares Inc), Guarantee Agreement (Nexity Financial Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 2 contracts
Samples: Guarantee Agreement (Rli Corp), Guarantee Agreement (Harleysville Group Inc)
Events of Default; Waiver. (a) The Holders of at least a Majority in liquidation amount Liquidation Amount of Preferred the Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Popular Inc), Guarantee Agreement (Santander Bancorp)
Events of Default; Waiver. The Holders of a Majority in aggregate liquidation amount of Convertible Preferred Securities may, by vote, on behalf of the Holders of all of the Convertible Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)
Events of Default; Waiver. The Holders of not less than a Majority majority in liquidation amount of Preferred Securities may, by votevote or written consent, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Dte Energy Co), Preferred Securities Guarantee Agreement (Dte Energy Co)
Events of Default; Waiver. The Holders of a Majority majority in liquidation amount of Preferred Common Securities may, may by vote, on behalf of the Holders of all of the Preferred SecuritiesCommon securities, waive any past Guarantee Event of Default and its consequences. Upon such waiver, any such Guarantee Event of Default shall cease to exist, and any Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Common Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Common Securities Guarantee Agreement (Hanover Compressor Capital Trust)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Partnership Preferred Securities may, by votevote at a meeting or by written consent, on behalf of the Holders of all of the Partnership Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Partnership Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Partnership Guarantee Agreement (Hawaiian Electric Industries Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred 6 10 Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Southwest Gas Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.this
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Stifel Financial Capital Trust)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such that waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesProperty Trustee as a Holder, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to existexist in respect of the Debentures deposited in the Trust, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Junior Subordinated Debt Securities Guarantee Agreement (Renaissancere Holdings LTD)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by votevoting or consenting as a class, on behalf of the Holders of all of the Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Virginia Commerce Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Dt Industries Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities and Common Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority -------------------------- in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities Securi ties may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Mediaone Group Inc)
Events of Default; Waiver. The Holders of at least a Majority in liquidation amount Liquidation Amount of the Series D Preferred Securities may, by vote, on behalf of the Holders of all of the Series D Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this the Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Unocal Corp)
Events of Default; Waiver. The Holders of a Majority in original liquidation amount preference of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Feg Holdings Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but but, unless otherwise expressly provided to the contrary in such waiver, no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Centurytel Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Allstate Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
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Events of Default; Waiver. The Holders of a Majority in liquidation amount of Partnership Preferred Securities may, by vote, on behalf of the Holders of all of the Partnership Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Partnership Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Partnership Guarantee Agreement (Hei Preferred Funding L P)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities and the Common Securities, each voting as a separate class, may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Guarantee Agreement (Reinsurance Group of America Inc)
Events of Default; Waiver. The Holders of a Majority 66 2/3% in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Illinois Power Co)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Preference of Preferred the Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall 8 extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Louis Dreyfus Natural Gas Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Guarantee Agreement (Southwestern Public Service Co)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Partnership Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Partnership Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Partnership Securities Guarantee (Txu Europe Funding I L P)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Pre- ferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Noram Energy Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequencesconse- quences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, exist and any Event of Default arising therefrom shall be deemed to have been cured, cured for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Southside Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been curedcured and not to have existed, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority majority in liquidation amount of Preferred Common Securities may, may by vote, on behalf of the Holders of all of the Preferred Common Securities, waive any past Guarantee Event of Default and its consequences. Upon such waiver, any such Guarantee Event of Default shall cease to exist, and any Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Common Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Common Securities Guarantee Agreement (Continental Airlines Inc /De/)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Preference of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of [Preferred Trust] Securities may, by vote, on behalf of the Holders of all of the Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Trust Securities Guarantee Agreement (Pp&l Capital Funding Trust I)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Apple South Financing I)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Preferred New Capital Securities may, by vote, on behalf of the Holders of all of the Preferred New Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Berkley W R Capital Trust)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event 8 of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Preferred the Capital Securities may, by vote, on behalf of the Holders of all of the Preferred Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Bremer Financial Corporation)