Examples of Common Securities Guarantee Agreement in a sentence
The Common Securities Guarantee Agreement constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except to the extent that enforcement thereof may be limited by the Permitted Exceptions.
If an Event of Default has occurred and is continuing under the Declaration, the rights of the holders of the Common Securities to receive any payments under the Common Securities Guarantee Agreement shall be subordinated to the rights of the Holders of Preferred Securities to receive Guarantee Payments hereunder.
If an event of default under the Indenture has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee Agreement are subordinated to the rights of Holders of Preferred Securities to receive Guarantee Payments.
The Holder is entitled to the benefits of a Common Securities Guarantee Agreement entered into by Xxxxxx Xxxxxxx, as Guarantor, dated as of January 26, 2006 (the “Guarantee Agreement”), to the extent provided therein.
If an Event of Default under the Indenture has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee Agreement are subordinated to the rights of Holders of Capital Securities to receive Guarantee Payments.
If an Indenture Event of Default has occurred and is continuing, the rights of holders of the Common Securities to receive Guarantee Payments under this Common Securities Guarantee Agreement are subordinated to the rights of Holders of Preferred Securities to receive Preferred Guarantee Payments under the Preferred Securities Guarantee Agreement, as set forth in Article IX.
The Holder is entitled to the benefits of the Common Securities Guarantee Agreement entered into by Host Marriott Corporation, a Delaware corporation, and IBJ Xxxxxxxx Bank & Trust Company, as Guarantee Trustee, dated as of December 2, 1996 (the "Guarantee"), to the extent provided therein.
If an Event of Default under the Indenture has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee Agreement are subordinated to the rights of Holders of Preferred Securities to receive Guarantee Payments.
With respect to the holders of Preferred Securities, the Common Guarantee Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Preferred Securities shall be read into this Common Securities Guarantee Agreement against the Common Guarantee Trustee.
XL CAPITAL LTD has caused this Common Securities Guarantee Agreement to be duly executed as a deed the day and year first before written.