Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior Subordinated Notes and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended Period (as defined in the Indenture) with respect to the Distributions on the Preferred Securities.
Appears in 2 contracts
Samples: Guarantee Agreement (Southern Energy Inc), Guarantee Agreement (Sei Trust I)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Preferred Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to (i) extend the interest payment period on the Junior Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment Payments during any Extended Period extended interest payment period with respect to the Distributions (as defined in the IndentureDeclaration) with respect to the Distributions on the Preferred SecuritiesSecurities and (ii) redeem or change the maturity date of the Debentures, in each case to the extent permitted by the Indenture.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Kellogg Co)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Preferred Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior [Junior] Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended extended Interest Payment Period (as defined in the Indenture) with respect to the Distributions (as defined in the Declaration) on the Preferred Securities.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Halliburton Capital Trust I)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Preferred Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended Extension Period (as defined in the IndentureDeclaration) with respect to the Distributions on the Preferred Securities.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Unocal Corp)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Preferred Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended extended Interest Payment Period (as defined in the Indenture) with respect to the Distributions (as defined in the Trust Agreement) on the Preferred Securities.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Newfield Exploration Co /De/)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended Period extended interest payment period with respect to the Distributions (as defined in the IndentureDeclaration) with respect to the Distributions on the Preferred Securities.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Centurytel Inc)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Capital Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture to extend the interest payment period on the Junior Subordinated Notes Debentures and the Guarantor shall not be obligated hereunder to make any Guarantee Payment during any Extended extended Interest Payment Period (as defined in the Indenture) with respect to the Distributions (as defined in the Declaration) on the Preferred Capital Securities.
Appears in 1 contract
Samples: Capital Securities Guarantee Agreement (NGC Corp Capital Trust I)
Waiver of Notice and Demand. The Guarantor hereby waives notice of acceptance of this Preferred Securities Guarantee Agreement and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust Issuer or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands. Notwithstanding anything to the contrary herein, the Guarantor retains all of its rights under the Indenture Note Agreement to extend the interest payment period on the Junior Subordinated Notes (in accordance with the terms of the Note Agreement) and the Guarantor shall not be obligated hereunder to make any Guarantee Payment Payments during any Extended Interest Payment Period (as defined in the IndentureNote Agreement) with respect to the Distributions (as defined in the Declaration) on the Preferred Securities.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (FBL Financial Group Inc)