Defaults; Waiver. (a) The Holders of a majority in liquidation amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past default in respect of the Trust Preferred Securities and its consequences; provided that, if the underlying event of default is also a default in respect of the Company Preferred Securities and:
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Samples: Trust Agreement (Ubs Preferred Funding Trust Iii), Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (UBS Preferred Funding Trust VIII)
Defaults; Waiver. (a) The Holders of a majority Majority in liquidation amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past default Default in respect of the Trust Preferred Securities and its consequences; , provided that, that if the underlying event of default is also a default in respect of Default under the Company Preferred Securities andIndenture:
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