No Event of Default During Time of Timely FDIC Guarantee Payments. There shall not be deemed to be an event of default under this Agreement which would permit or result in the acceleration of amounts due hereunder, if such an event of default is due solely to the failure of the Issuer to make timely payment hereunder, provided that the FDIC is making timely guarantee payments with respect to the debt obligations hereunder in accordance with 12 C.F.R Part 370.
No Event of Default During Time of Timely FDIC Guarantee Payments. There shall not be deemed to be an Event of Default under the Notes or the Indenture which would permit or result in the acceleration of amounts due hereunder, if such an Event of Default is due solely to the failure of the Company or the Guarantor to make timely payment hereunder, provided that the FDIC is making timely guarantee payments with respect to the Notes in accordance with 12 C.F.R Part 370. Without limiting the foregoing, under no circumstances shall an Event of Default specified in Sections 7.01(a)(3), 7.01(a)(4), 7.01(a)(5) or 7.01(a)(6) of the Indenture result in any acceleration of the amounts due under the Notes.
No Event of Default During Time of Timely FDIC Guarantee Payments. Without affecting the limitations on Events of Default set forth in Section 6, if the FDIC is making timely Guarantee Payments, for the avoidance of doubt, there shall not be deemed to be an Event of Default under this Agreement which would permit or result in the acceleration of amounts due hereunder, if such an Event of Default is due solely to the failure of the Issuer to make timely payment on the Securities provided that the FDIC is making timely Guarantee Payments with respect to such Securities in accordance with the Rule. Subject to the terms of the Master Agreement, under the terms of the Securities, no Event of Default, including any resulting from an insolvency event, shall result in the automatic acceleration of the Securities.
No Event of Default During Time of Timely FDIC Guarantee Payments. There shall not be deemed to be an event of default under the Agreement or under any provision of the applicable Notes which would permit or result in the acceleration of amounts due hereunder, if such an event of default is due solely to the failure of the Bank to make timely payment hereunder or under the applicable Notes, provided that the FDIC is making timely guarantee payments with respect to the debt obligations hereunder in accordance with 12 C.F.R Part 370. Without limiting the foregoing, no provision of the Notes shall result in any acceleration of the amounts due under those Notes at any time at which the FDIC is making such timely guarantee payments, or the Bank is making the required payments under such Notes.
