Common use of Defaults; Waiver Clause in Contracts

Defaults; Waiver. (a) If this Trust Agreement, as amended or restated, shall provide for any defaults with respect to the Trust Preferred Securities, 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 default is also a default in respect of the [Company Preferred Securities][Subordinated Notes][Eligible Investments] and:

Appears in 3 contracts

Samples: Trust Agreement (Credit Suisse Group), Trust Agreement (Credit Suisse Group), Trust Agreement (Credit Suisse Group)

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Defaults; Waiver. (a) If this Trust Agreement, as amended or restated, shall provide for any defaults with respect to the Trust Preferred Securities, 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 default is also a default in respect of the [Company Preferred Securities][Subordinated Notes][Eligible Securities] [Subordinated Notes] [Eligible Investments] and:

Appears in 3 contracts

Samples: Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse (Usa) Inc), Trust Agreement (Credit Suisse (Usa) Inc)

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Defaults; Waiver. (a) If this Trust Agreement, as amended or restated, shall provide for any defaults with respect to the Trust Preferred Securities, 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 in respect of the Trust Preferred Securities and its consequences[; provided PROVIDED that, if the default is also a default in respect of the [Company Preferred Securities][Subordinated Notes][Eligible Investments] Securities and:

Appears in 1 contract

Samples: Trust Agreement (Credit Suisse Group)

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