Common use of RIGHTS WITH RESPECT TO NOTES Clause in Contracts

RIGHTS WITH RESPECT TO NOTES. (a) For so long as any Trust Preferred Securities remain Outstanding, if, upon a Note Event of Default, the Indenture Trustee fails or the holders of not less than 25% in aggregate principal amount of the outstanding Notes fail to declare the principal of all of the Notes to be immediately due and payable, the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding Trust Preferred Securities shall have such right by a notice in writing to TECO and the Indenture Trustee; and upon any such declaration such principal amount of and the accrued interest on all of the Notes shall become immediately due and payable; [provided that the payment of principal and interest on such Notes shall remain subordinated to the extent provided in the Indenture.] At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as in the Indenture provided, the Holders of a majority in Liquidation Amount of the Trust Preferred Securities, by written notice to the Property Trustee, TECO and the Indenture Trustee may rescind and annul such declaration and its consequences if:

RIGHTS WITH RESPECT TO NOTES. (a) For so long as any Trust Preferred Securities remain Outstanding, if, upon a Note Event of Default, the Indenture Trustee fails fails, or the holders of not less than 25% in aggregate principal amount of the outstanding Notes fail fail, to declare the principal of all of the Notes to be immediately due and payable, the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding Trust Preferred Securities shall have such right by a notice in writing to TECO and the Indenture Trustee; and upon any such declaration such principal amount of and the accrued interest on all of the Notes shall become immediately due and payable; [provided that the payment of principal and interest on such Notes shall remain subordinated to the extent provided in the Indenture.] . At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as in the Indenture provided, the Holders of a majority in Liquidation Amount of the Trust Preferred Securities, by written notice to the Property Trustee, TECO and the Indenture Trustee may rescind and annul such declaration and its consequences if:

RIGHTS WITH RESPECT TO NOTES. (a) For so long as any Trust Preferred Securities remain Outstanding, if, upon a Note Event of Default, the Indenture Trustee fails or the holders of not less than 25% in aggregate principal amount of the outstanding Notes fail to declare the principal of all of the Notes to be immediately due and payable, the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding Trust Preferred Securities shall have such right by a notice in writing to TECO and the Indenture Trustee; and upon any such declaration such principal amount of and the accrued interest on all of the Notes shall become immediately due and payable; [provided that the payment of principal and interest on such Notes shall remain subordinated to the extent provided in the Indenture.] . At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as in the Indenture provided, the Holders of a majority in Liquidation Amount of the Trust Preferred Securities, by written notice to the Property Trustee, TECO and the Indenture Trustee may rescind and annul such declaration and its consequences if:Liquidation

RIGHTS WITH RESPECT TO NOTES. (a) For so long as any Trust Preferred Securities remain Outstanding, if, upon a Note Event of Default, the Indenture Trustee fails or the holders of not less than 25% in aggregate principal amount of the outstanding Notes fail to declare the principal of all of the Notes to be immediately due and payable, the Holders of at least 25% in aggregate Liquidation Amount of the Outstanding Trust Preferred Securities shall have such right by a notice in writing to TECO and the Indenture Trustee; and upon any such declaration such principal amount of and the accrued interest on all of the Notes shall become immediately due and payable; [provided that the payment of principal and interest on such Notes shall remain subordinated to the extent provided in the Indenture.] . At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as in the Indenture provided, the Holders of a majority in Liquidation Amount of the Trust Preferred Securities, by written notice to the Property Trustee, TECO and the Indenture Trustee may rescind and annul such declaration and its consequences if: