Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 38 contracts
Samples: Guarantee Agreement (USB Capital XII), Guarantee Agreement (Us Bancorp \De\), Guarantee Agreement (National City Corp)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 12 contracts
Samples: Guarantee Agreement (Lehman Brothers Holdings Inc), Iii Guarantee Agreement (Lehman Brothers Holdings Inc), Guarantee Agreement (Lehman Brothers Holdings Inc)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Trust Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 6 contracts
Samples: Guarantee Agreement (Virginia Electric & Power Co), Trust Preferred Securities Guarantee Agreement (CSX Capital Trust 1), Guarantee Agreement (Virginia Electric & Power Co)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 4 contracts
Samples: Guarantee Agreement (Smithfield Foods Inc), Guarantee Agreement (Dominion CNG Capital Trust Ii), Guarantee Agreement (Dominion Resources Inc /Va/)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration of Trust, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 2 contracts
Samples: Guarantee Agreement (Capital One Financial Corp), Guarantee Agreement (Capital One Financial Corp)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration of Trust, the rights of the holders of the Trust Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Trust Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 2 contracts
Samples: Guarantee Agreement (Lehman Brothers Holdings Inc), Guarantee Agreement (Lehman Brothers Holdings Inc)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration of Trust, the rights of the holders of the Trust Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Trust Preferred Securities to receive Guarantee Payments under this Trust Guarantee.
Appears in 2 contracts
Samples: Trust Guarantee Agreement (Lehman Brothers Holdings E-Capital Trust I), Trust Guarantee Agreement (Capmark Finance Inc.)
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 1 contract
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust AgreementDeclaration of Trust, the rights of the holders Holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 1 contract
Subordination of Common Securities. If a Trust Enforcement ------------------------------------- Event has occurred and is continuing under the Trust AgreementDeclaration, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 1 contract
Subordination of Common Securities. If a Trust Enforcement Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities (i) to receive Guarantee Payments hereunder and (ii) to direct the time, method and place of conducting any remedy available to the Guarantee Trustee in respect to this Guarantee or to direct the exercise of any trust or power conferred on the Guarantee Trustee under this Guarantee shall be subordinated to the same rights of the Holders of the Capital Securities to receive Guarantee Payments under this GuaranteeSecurities.
Appears in 1 contract
Subordination of Common Securities. If a Trust Enforcement ----------- ---------------------------------- Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 1 contract
