Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A 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 Series A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 8 contracts
Samples: Sky Financial Capital Trust I, Bfoh Capital Trust I, Greater Bay Bancorp
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B 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 Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 6 contracts
Samples: Greater Bay Bancorp, Cascade Financial Corp, Interwest Bancorp Inc
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B 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 Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Capital Securities Guarantee Agreement (Peoples Bancorp Inc), Securities Guarantee Agreement (Peoples Bancorp Inc), CNBF Capital Trust I
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B 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 Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Reliance Capital Trust I, Banknorth Capital Trust I
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital 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 Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Usabancshares Inc
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A 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 Series A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Telebanc Capital Trust I
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B 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 Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or of Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Sky Financial Capital Trust I
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A 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 Series A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (Peoples Bancorp Inc)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A 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 Series A Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Greater Bay Bancorp
