Termination of the Guarantee. This Guarantee shall terminate and be of no further force and effect upon payment of the Redemption Price or purchase and cancellation of all Preferred Securities or payment in full of the Liquidation Distributions, provided, however, that this Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time payment of any sums paid under the Preferred Securities or this Guarantee must be restored by a Holder for any reason whatsoever.
Appears in 3 contracts
Samples: Guarantee (Banco Santander, S.A.), Guarantee (Banco Santander, S.A.), Guarantee (Banco Santander, S.A.)
Termination of the Guarantee. This Guarantee shall terminate and be of no further force and effect upon payment in full of the Redemption Price or the Special Redemption Amount, as the case may be, or purchase and cancellation of all Preferred Securities or payment in full of the Liquidation Distributions, provided, however, that this Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time payment of any sums paid under the Preferred Securities or this Guarantee must be restored by a Holder for any reason whatsoever.
Appears in 2 contracts
Samples: Guarantee (BBVA International Preferred, S.A. Unipersonal), Guarantee (Banco Bilbao Vizcaya Argentaria, S.A.)
