Events of Default; Waiver. The Holders of a Majority in Liquidation Preference of the Securities may, by vote, on behalf of the Holders 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 (Superior Trust I), Guarantee Agreement (Superior Trust I), Guarantee Agreement (Suiza Foods Corp)
Events of Default; Waiver. (a) The Holders of a Majority in Liquidation Preference Amount of the Preferred Trust Securities may, by vote, on behalf of all of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 4 contracts
Samples: Preferred Trust Securities Guarantee Agreement (FPL Group Capital Inc), Preferred Trust Securities Guarantee Agreement (FPL Group Inc), Preferred Trust Securities Guarantee Agreement (Florida Power & Light CO Trust II)
Events of Default; Waiver. (a) The Holders of a Majority in Liquidation Preference liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default Default, or impair any right consequent therefromthereon.
Appears in 4 contracts
Samples: Guarantee Agreement (Litchfield Capital Trust Ii), Guarantee Agreement (Pogo Trust Ii), Guarantee Agreement (Pogo Producing Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference liquidation preference of the Company Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 (Teco Energy Inc), Guarantee Agreement (Teco Energy Inc), Guarantee Agreement (Teco Capital Trust Iii)
Events of Default; Waiver. The Holders of a Majority majority in Liquidation Preference liquidation amount of the Outstanding Preferred Securities may, by vote, on behalf of all of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 (Atlantic Capital Ii), Guarantee Agreement (Delmarva Power & Light Co /De/), Guarantee Agreement (Atlantic City Electric Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference Amount of the Capital Securities may, by vote, on behalf of all of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 Electric Co), Guarantee Agreement (Texas Utilities Co /Tx/), Guarantee Agreement (Texas Utilities Electric Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference liquidation preference of the Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 (Nevada Power Co), Guarantee Agreement (Nevada Power Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference liquidation amount of the Common Securities may, by vote, on behalf of the Holders of all Preferred 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 Preference liquidation preference of the Company Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.Guarantee
Appears in 1 contract
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference liquidation amount of the Capital Securities may, by vote, on behalf of the Holders of all Preferred 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. (a) The Holders of a Majority in Liquidation Preference liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 (Conoco Inc /De)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference xxxxxxxxxon preference of the Company Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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. (a) The Holders of a Majority in Liquidation Preference liquidation amount of the Preferred Securities may, by vote, on behalf of all of the Holders 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 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 (Potomac Electric Power Co)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference Amount of the Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 Preference Amount of the Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 1 contract
Samples: Preferred Securities Guarantee Agreement (Stifel Financial Capital Trust)
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference of the Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall 8 extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Louis Dreyfus Natural Gas Corp)
Events of Default; Waiver. (a) The Holders of a Majority in Liquidation Preference of the Securities Amount may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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 Preference of the Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this 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: Boise Cascade Corp
Events of Default; Waiver. The Holders of a Majority in Liquidation Preference Amount of the Securities may, by vote, on behalf of all of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
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Events of Default; Waiver. (a) The Holders of a Majority in Liquidation Preference liquidation amount of the Preferred Securities may, by vote, on behalf of the Holders of all Preferred SecuritiesHolders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, cured for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default Default, or impair any right consequent therefromthereon.
Appears in 1 contract
