Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
Appears in 10 contracts
Samples: Capital Securities Guarantee Agreement (United National Bancorp), Securities Guarantee Agreement (Puget Sound Energy Inc), Securities Guarantee Agreement (Agl Resources Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 8 contracts
Samples: Guarantee Agreement (Mississippi Power Capital Trust Ii), Guarantee Agreement (Gulf Power Capital Trust Ii), Guarantee Agreement (Mississippi Power Capital Trust Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A 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 Series A 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 thereon.
Appears in 8 contracts
Samples: Guarantee Agreement (Amcore Capital Trust I), Guarantee Agreement (Unb Capital Trust I), Guarantee Agreement (Peoples Heritage Financial Group Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A 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 Series A 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 thereon.
Appears in 7 contracts
Samples: Securities Guarantee Agreement (Progress Capital Trust I), Guarantee Agreement (Ml Capital Trust I), Guarantee Agreement (Onbancorp Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A B Capital Securities may, by vote, on behalf of the Holders of all of the HoldersSeries 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 Series A 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 thereon.
Appears in 5 contracts
Samples: Capital Securities Guarantee Agreement (First Midwest Bancorp Inc), Guarantee Agreement (Advanta Capital Trust I), Guarantee Agreement (Markel Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
Appears in 5 contracts
Samples: Securities Guarantee Agreement (Eagle Financial Corp), Guarantee Agreement (First Keystone Financial Inc), Guarantee Agreement (Ml Bancorp Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A the Preferred 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 4 contracts
Samples: Guarantee Agreement (HMB Capital Trust III), Guarantee Agreement (SCBT Financial Corp), Guarantee Agreement (Centerstate Banks of Florida Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital Securities may, by vote, on behalf of the Holders of all of the HoldersSecurities, 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 Series 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 thereon.
Appears in 4 contracts
Samples: Securities Guarantee Agreement (Washington Water Power Capital Iii), Guarantee Agreement (Washington Water Power Co), Securities Guarantee Agreement (Washington Water Power Capital Iii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital Securities may, by votevoting or consenting as a class, on behalf of the Holders of all of the HoldersCapital 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 Series 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 thereon.
Appears in 4 contracts
Samples: Guarantee Agreement (Pxre Corp), Iii 5 Guarantee Agreement (Transamerica Capital Iii), Guarantee Agreement (Marshall & Ilsley Corp/Wi/)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A 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 Series 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 thereontherefrom.
Appears in 4 contracts
Samples: Securities Guarantee Agreement (Downey Financial Capital Trust Iii), Downey Financial Capital Trust Iii, Downey Financial Capital Trust I
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
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 Series A Capital Securities may, by vote, on behalf of the Holders of all of the HoldersCapital 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 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 Holder of a Majority in liquidation amount Liquidation Amount of Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 2 contracts
Samples: Securities Guarantee Agreement (Crestar Financial Corp), Securities Guarantee Agreement (Suntrust Banks Inc)
Events of Default; Waiver. (a) The Holders of a Majority in liquidation amount of Series A Capital Securities may, by vote, on behalf of all of the Holders, 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 Series 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 thereon.
Appears in 2 contracts
Samples: Securities Guarantee Agreement (Fleet Financial Group Inc), Capital Securities Guarantee Agreement (Fleet Financial Group Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of the Series A 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 Series A Capital Securities B Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount aggregate Liquidation Amount of Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A the Capital Securities may, by vote, on behalf of all 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital Securities may, by vote, on behalf of the Holders of all of the HoldersCapital 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 Series 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 thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital Securities may, by vote, on behalf of the Holders of all of the HoldersSeries A 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 Series 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 thereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Advanta Corp)
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A 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 Series A 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 thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
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 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 Series 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 thereon.
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 Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A the Capital Securities may, by vote, on behalf of the Holders of all of the HoldersCapital 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 Series 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 thereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Interpool Inc)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A 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 Series A 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 thereon.
Appears in 1 contract
Samples: Comed Financing Ii
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation Amount of Series A the Exchange 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 Series A Capital Securities Exchange Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereontherefrom.
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in liquidation amount preference of Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Guarantee Agreement (Ace LTD)
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 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 Series 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 thereon.
Appears in 1 contract
Samples: Comed Financing Ii
Events of Default; Waiver. The Holders of a Majority in liquidation amount Liquidation ------------------------- Amount of Series A 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 Series A Capital Securities GuaranteeGuarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereonthereto.
Appears in 1 contract
Samples: Securities Guarantee Agreement (Dominion Resources Inc /Va/)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital the 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 Series A Capital Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Guarantee Agreement (Ohio Edison Financing Trust Ii)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
Appears in 1 contract
Samples: K N Capital Trust One
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
Appears in 1 contract
Samples: K N Capital Trust One
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A Capital Securities may, by vote, on behalf of the Holders of all of the HoldersCapital 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 Series 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 thereon.any
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (MCN Financing Iv)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of Series A 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 Series A 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 thereonthereto.
Appears in 1 contract
Samples: Securities Guarantee Agreement (Premier Bancorp Inc /Pa/)
Events of Default; Waiver. The Holders of a Majority in liquidation amount of 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 Series 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 thereon.
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 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 Series 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 thereon.
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 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 Series A 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 thereon.
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 Series A Capital Securities may, by vote, on behalf of all the HoldersHold- 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 Series 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 thereon.
Appears in 1 contract
