Common use of Events of Default; Waiver Clause in Contracts

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the 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 10 contracts

Samples: Guarantee Agreement (Goldman Sachs Group Inc), Guarantee Agreement (Goldman Sachs Group Inc), Guarantee Agreement (Murray Street Investment Trust I)

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Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Trust 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 9 contracts

Samples: Guarantee Agreement (Allete Capital Iii), Guarantee Agreement (Txu Capital Iv), Guarantee Agreement (Txu Gas Capital Iv)

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, 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: Trust Preferred Securities (WSFS Financial Corp), Guarantee Agreement (GW Capital Trust II), Guarantee Agreement (Fib Capital Trust)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the 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 (Hawaiian Electric Co Inc), Trust Guarantee Agreement (Maui Electric Co LTD), Trust Guarantee Agreement (Hawaiian Electric Co Inc)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust Common Securities may, by vote, on behalf of the HoldersHolders of all of the Trust 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 AgreementTrust Common 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: www.sec.gov, Trust Common Securities Guarantee Agreement (American Equity Investment Life Holding Co), Trust Common Securities Guarantee Agreement (American Equity Investment Life Holding Co)

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, 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: Form of Guarantee Agreement (Great Plains Energy Inc), Guarantee Agreement (Union Electric Co), Guarantee Agreement (Cp&l Energy Inc)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust 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 (Senior Housing Properties Trust), Guarantee Agreement (Alcoa Trust I)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust 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 (PCHC Finance I), Form of Guarantee Agreement (KBHC Financing I), Guarantee Agreement (Ingersoll Rand Co)

Events of Default; Waiver. The Holders of a Majority in ------------------------- Liquidation Amount of the 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 (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 of the Trust 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 (Nipsco Capital Trust I), Guarantee Agreement (Ucu Capital Trust I)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Trust 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 AgreementPreferred Trust 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 3 contracts

Samples: Preferred Trust Securities Guarantee Agreement (Txu Europe Funding I L P), Preferred Trust Securities Guarantee Agreement (Texas Utilities Co /Tx/), Preferred Trust Securities Guarantee Agreement (Txu Europe Funding I L P)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the 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), Guarantee Agreement (Public Service Enterprise Group Inc)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, by votevote or written consent, on behalf of the HoldersHolders of all of the Trust 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 2 contracts

Samples: Guarantee Agreement (Lehman Brothers Holdings Inc), Guarantee Agreement (Lehman Brothers Holdings Inc)

Events of Default; Waiver. The Holders of at least a Majority in aggregate Liquidation Amount of the 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 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 Trust 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 Trust 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. Section 2.07.

Appears in 2 contracts

Samples: Guarantee Agreement (Duke Energy Capital Trust Iii), Guarantee Agreement (Duke Capital Financing Trust V)

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 HoldersHolders 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 Guarantee AgreementTrust 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 (Hawaiian Electric Industries Capital Trust Ii), Trust Preferred Securities Guarantee Agreement (Hawaiian Electric Industries Inc)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, by votevote or written consent, on behalf of the HoldersHolders of all of the Trust 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 AgreementTrust 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 Guarantee Agreement (Capmark Finance Inc.), Trust Guarantee Agreement (Lehman Brothers Holdings E-Capital Trust I)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the 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 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 (Superior National Insurance Group Inc), Exchange Guarantee Agreement (Symons International Group Inc)

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 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 of the 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 a Majority in Liquidation Amount of the 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 of the 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 1 contract

Samples: Agreement (Central Fidelity Capital Trust I)

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Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust 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: Securities Guarantee Agreement (Webster Capital Trust Vi)

Events of Default; Waiver. 9 5 The Holders of a Majority in aggregate Liquidation Amount of the 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 1 contract

Samples: Guarantee Agreement (Chase Manhattan Corp /De/)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust Securities PIERS 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 PIERS 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: Piers Guarantee Agreement (Sovereign Bancorp Inc)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the 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 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

Samples: Usb Holding Co Inc

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust [Preferred Trust] 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 1 contract

Samples: Guarantee Agreement (Pp&l Capital Funding Trust I)

Events of Default; Waiver. The Holders of a Majority majority in aggregate Liquidation Amount of the Trust 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

Samples: Guarantee Agreement (Countrywide Financial Corp)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Trust Convertible Preferred 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 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: Guarantee Agreement (Usx Capital Trust I)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the 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. SECTION 2.7.

Appears in 1 contract

Samples: Republic New York Capital Iv

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the 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 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

Samples: Exchange Guarantee Agreement (Usb Holding Co Inc)

Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Securities may, by votevote or written consent, on behalf of the HoldersHolders of all the Trust 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 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 (GE Capital Trust I)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount Preference of the Trust 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 liquidation amount of the Trust 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 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: Trust Preferred Securities Guarantee Agreement (Agl Capital Trust Iii)

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: Securities Guarantee Agreement (Commerce Bancorp Inc /Nj/)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount ------------ ------------------------- liquidation amount of the Trust 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 1 contract

Samples: Trust Securities Guarantee Agreement (Yorkshire Power Group LTD)

Events of Default; Waiver. The Holders of a Majority in Liquidation Amount of the 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 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: North Fork Capital Trust I

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