Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 83 contracts
Samples: Guarantee Agreement (Goldman Sachs Capital III), Guarantee Agreement (Keycorp /New/), Guarantee Agreement (KeyCorp Capital VIII)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 54 contracts
Samples: Capital Securities Guarantee Agreement (Air T Inc), Capital Securities Guarantee Agreement (Air T Funding), Capital Securities Guarantee Agreement (Air T Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation preference of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 44 contracts
Samples: Guarantee Agreement (Lincoln National Corp), Guarantee Agreement (Lincoln National Corp), Guarantee Agreement (Lincoln National Corp)
Events of Default; Waiver. The Holders of a Majority in aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 43 contracts
Samples: Guarantee Agreement (Susquehanna Bancshares Inc), Guarantee Agreement (Susquehanna Capital IV), Guarantee Agreement (Mbna Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 24 contracts
Samples: Preferred Securities Guarantee Agreement (MetLife Capital Trust V), Preferred Securities Guarantee Agreement (GBL Trust I), Preferred Securities Guarantee Agreement (Illinois Power Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 20 contracts
Samples: Guarantee Agreement (Boise Cascade Corp), Guarantee Agreement (Newfield Financial Trust Ii), Guarantee Agreement (Newell Financial Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 15 contracts
Samples: Guarantee Agreement (Hl&p Capital Trust Iv), Guarantee Agreement (Oneok Inc /New/), Guarantee Agreement (North Fork Bancorporation Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 13 contracts
Samples: Capital Securities Guarantee Agreement (Bank of America Corp /De/), Capital Securities Guarantee Agreement (Bank of America Corp /De/), Capital Securities Guarantee Agreement (Bank of America Corp /De/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 12 contracts
Samples: Capital Securities Guarantee Agreement (Sovereign Bancorp Inc), Capital Securities Guarantee Agreement (Pennsylvania Commerce Bancorp Inc), Capital Securities Guarantee Agreement (Sovereign Capital Trust V)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 12 contracts
Samples: Guarantee Agreement (Public Service Enterprise Group Inc), Guarantee Agreement (Fresenius Medical Care Corp), Guarantee Agreement (Pse&g Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Trust Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 11 contracts
Samples: Guarantee Agreement (Goldman Sachs Group Inc), Guarantee Agreement (Goldman Sachs Group Inc), Guarantee Agreement (Murray Street Investment Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 10 contracts
Samples: Series a Capital Securities Guarantee Agreement (Peoples Heritage Financial Group Inc), Capital Securities Guarantee Agreement (Firstar Corp /Wi/), Capital Securities Guarantee Agreement (Hubco Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series B Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 8 contracts
Samples: Capital Securities Guarantee Agreement (Amcore Capital Trust I), Series B Capital Securities Guarantee Agreement (Agl Resources Inc), Capital Securities Guarantee Agreement (Hubco Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 8 contracts
Samples: Guarantee Agreement (Mississippi Power Capital Trust Ii), Guarantee Agreement (Mississippi Power Capital Trust Ii), Guarantee Agreement (Gulf Power Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of all of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 7 contracts
Samples: Guarantee Agreement (Duke Capital Financing Trust Vi), Guarantee Agreement (Duke Energy Capital Trust V), Guarantee Agreement (Duke Capital Financing Trust Vi)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series B Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 7 contracts
Samples: Series B Capital Securities Guarantee Agreement (Progress Capital Trust I), Series B Capital Securities Guarantee Agreement (First Keystone Capital Trust I), Guarantee Agreement (Ml Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the Capital Trust Preferred Securities may, by vote, on behalf of the Holdersholders of Debentures, 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 Guarantee AgreementTrust Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 6 contracts
Samples: Trust Guarantee Agreement (Maui Electric Co LTD), Trust Guarantee Agreement (Hawaiian Electric Co Inc), Trust Guarantee Agreement (Heco Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in ------------------------- Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 6 contracts
Samples: Guarantee Agreement (Sempra Energy Capital Trust Ii), Guarantee Agreement (Eix Trust Iii), Guarantee Agreement (Sempra Energy Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Common Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCommon Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 6 contracts
Samples: Common Securities Guarantee Agreement (Protective Life Corp), Common Securities Guarantee Agreement (Berkley W R Corp), Common Securities Guarantee Agreement (Protective Life Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 5 contracts
Samples: Guarantee Agreement (HPT Capital Trust I), Guarantee Agreement (SNH Nebraska Inc), Guarantee Agreement (Senior Housing Properties Trust)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Convertible Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 5 contracts
Samples: Guarantee Agreement (Enpro Industries Inc), Guarantee Agreement (Coltec Capital Trust), Guarantee Agreement (Enpro Industries Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 5 contracts
Samples: Capital Securities Guarantee Agreement (NGC Corp), Series a Capital Securities Guarantee Agreement (First Keystone Financial Inc), Capital Securities Guarantee Agreement (M&t Bank Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series B Capital Securities may, by vote, on behalf of the HoldersHolders of all of the Series B 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 5 contracts
Samples: Capital Securities Guarantee Agreement (First Midwest Bancorp Inc), Capital Securities Guarantee Agreement (Markel Corp), Series B Capital Securities Guarantee Agreement (Firstar Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementSecurities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 4 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)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 4 contracts
Samples: Guarantee Agreement (Kaufman & Broad Home Corp), Guarantee Agreement (KBHC Financing I), Guarantee Agreement (Ingersoll Rand Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by votevoting or consenting as a class, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 4 contracts
Samples: Capital Securities Guarantee Agreement (Pxre Corp), Capital Securities Guarantee Agreement (Union Planters Corp), Capital Securities Guarantee Agreement (Marshall & Ilsley Corp/Wi/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 4 contracts
Samples: Guarantee Agreement (HMB Capital Trust III), Guarantee Agreement (SBCF Capital Trust IV), Guarantee Agreement (Centerstate Banks of Florida Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of all the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 4 contracts
Samples: Guarantee Agreement (Easy Gardener Products LTD), Guarantee Agreement (Us Home & Garden Trust I), Guarantee Agreement (Us Home & Garden Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 4 contracts
Samples: Capital Securities Guarantee Agreement (Downey Financial Capital Trust Iii), Capital Securities Guarantee Agreement (Downey Financial Corp), Capital Securities Guarantee Agreement (Downey Financial Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the Capital Securities may, by vote, on behalf of the HoldersHolders of all 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 4 contracts
Samples: Guarantee Agreement (Suiza Foods Corp), Guarantee Agreement (Superior Trust I), Guarantee Agreement (Superior Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Pse&g Capital Trust Iii), Guarantee Agreement (Pse&g Capital Trust Iii), Guarantee Agreement (Pse&g Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of all of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 3 contracts
Samples: Guarantee Agreement (Texas Utilities Co /Tx/), Guarantee Agreement (Texas Utilities Electric Co), Guarantee Agreement (Texas Utilities Electric Co)
Events of Default; Waiver. The Holders of a Majority in Aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Txi Capital Trust I), Guarantee Agreement (CNB Capital Trust I), Guarantee Agreement (Telebanc Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no Guarantee. No such waiver shall extend to any subsequent Event of Default or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 3 contracts
Samples: Guarantee Agreement (Ucu Capital Trust I), Guarantee Agreement (Ucu Capital Trust I), Guarantee Agreement (Nipsco Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, may by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Onb Capital Trust Vi), Guarantee Agreement (Onb Capital Trust Iv), Guarantee Agreement (HCC Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (City Holding Capital Trust Ii), Guarantee Agreement (United Community Capital Trust), Guarantee Agreement (City Holding Capital Trust)
Events of Default; Waiver. The Holders of a Majority in ------------------------- Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Commonwealth Bankshares Inc), Guarantee Agreement (Commonwealth Bankshares Inc), Guarantee Agreement (Sempra Energy Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Trust Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 3 contracts
Samples: Guarantee Agreement (Southwest Gas Corp), Guarantee Agreement (Southwest Gas Corp), Preferred Trust Securities Guarantee Agreement (Public Service Enterprise Group Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Principal Amount of the Capital Debt Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Subordinated Guarantee Agreement (Adelphia Communications Corp), Senior Guarantee Agreement (Adelphia Communications Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Trust Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementTrust Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Trust Preferred Securities Guarantee Agreement (Independent Capital Trust I), Trust Preferred Securities Guarantee Agreement (Coastal Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation preference of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (MRM Capital Trust Iii), Preferred Securities Guarantee Agreement (MRM Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Capital Securities Guarantee Agreement (Great Western Financial Corp), Capital Securities Guarantee Agreement (Great Western Financial Trust Iii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Guarantee Agreement (Vib Corp), Guarantee Agreement (Bnccorp Inc)
Events of Default; Waiver. The Holders Holder of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Capital Securities Guarantee Agreement (Crestar Financial Corp), Capital Securities Guarantee Agreement (Suntrust Banks Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Trust Preferred Securities may, by votevote or written consent, on behalf of the all Holders, 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 Guarantee AgreementTrust Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Affiliated Managers Group Inc), Guarantee Agreement (Affiliated Managers Group Inc)
Events of Default; Waiver. The Holders of at least a Majority in aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Guarantee Agreement (Pennsylvania Power & Light Co /Pa), Guarantee Agreement (Pennsylvania Power & Light Co /Pa)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the all Holders, 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 there from shall be deemed to have been cured, for every purpose of this Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Washington Mutual Capital Trust 2001), Guarantee Agreement (Indymac Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of the HoldersHolders 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.this
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Phillips Petroleum Co), Preferred Securities Guarantee Agreement (Phillips Petroleum Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Exchange Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Exchange Guarantee Agreement (Symons International Group Inc), Exchange Guarantee Agreement (Superior National Insurance Group Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Trust Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementTrust Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Boston Private Financial Holdings Inc), Guarantee Agreement (Commerce Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Common Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Common Securities Guarantee Agreement (Bergen Brunswig Corp), Common Securities Guarantee Agreement (Bergen Brunswig Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (New York Bancorp Capital Trust)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of the Holdersall Hold- ers, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Series a Capital Securities Guarantee Agreement (Webster Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Aggregate Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the Capital 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Bay View Capital I)
Events of Default; Waiver. The Holders of a Majority in ------------------------- Liquidation Amount Preference of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (First Midwest Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Trust Agreement (Usf&g Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Series B Capital Securities Guarantee Agreement (Comed Financing Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Allstate Corp)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any such Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementCapital Secu rities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (International Paper Co /New/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of all the Holders, waive by vote 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Series a Capital Securities Guarantee (K N Capital Trust One)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation preference of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee (Pd Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee AgreementExchange Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Exchange Guarantee Agreement (North Fork Capital Trust I)
Events of Default; Waiver. The Holders holders of a Majority in Liquidation Amount liquidation preference of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Guarantee Agreement (Partnerre LTD)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Pioneer Standard Electronics Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of all of the Holders, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Albank Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount ------------------------- liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Guarantee Agreement (PMC Capital I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Series B Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries B Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Exchange Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee AgreementExchange Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the HoldersHolders 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.,
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Hercules Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of all of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Radian Group Capital Trust II)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (First Midwest Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Preferred Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Breed Technologies Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series B Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereto.
Appears in 1 contract
Samples: Series B Capital Securities Guarantee Agreement (Premier Bancorp Inc /Pa/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Comed Financing Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Indenture (Land O Lakes Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation ------------------------- Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereto.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Dominion Resources Inc /Va/)
Events of Default; Waiver. The Holders of a Majority majority in aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, waive any past Event of Default default and its consequences. Upon such waiver, any such Event of Default default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all of the Holders, waive any past Event of Default and its consequencescosequences. 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Ohio Edison Financing Trust Ii)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation preference of the Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereto.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Dominion Resources Inc /Va/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementTrust Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Trust Capital Securities Guarantee Agreement (Commerce Bancorp Inc /Nj/)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Series B Capital Securities may, by vote, on behalf of all of the Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Series B Capital Securities Guarantee Agreement (Albank Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Exchange Capital Securities may, by vote, on behalf of the Holdersholders of all of the Exchange 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 Guarantee AgreementExchange Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Exchange Capital Securities Guarantee Agreement (Trenwick Capital Trust I)
Events of Default; Waiver. The Holders of a Majority -------------------------- in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Central Fidelity Capital Trust I)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Superior National Insurance Group Inc)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of all the Holders, waive by vote 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee (K N Capital Trust One)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any such Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementExchange Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders holders of a Majority in Liquidation Amount liquidation preference of the Capital Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Junior Subordinated Debt Securities Guarantee Agreement (Partnerre LTD)
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementSecurities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Webster Capital Trust Vi)
Events of Default; Waiver. The Holders of a Majority in aggregate Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, waive any past Event of Default default and its consequences. Upon such waiver, any such Event of Default default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Series Capital Securities may, by vote, on behalf of all the Holders, 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 Guarantee AgreementSeries B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Yardville Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in ------------------------- Liquidation Amount of the Capital Securities may, by vote, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
