Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 95 contracts
Samples: Guarantee Agreement (American Equity Investment Life Holding Co), Guarantee Agreement (Macon Financial Corp.), Guarantee Agreement (Plains Capital Corp)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities may, by vote, on behalf of the HoldersHolders of all of the Preferred 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 13 contracts
Samples: Preferred Securities Guarantee Agreement (Prudential Financial Capital Trust Ii), Preferred Securities Guarantee Agreement (Prudential Financial Capital Trust Ii), Guarantee Agreement (Prudential Financial Capital Trust Ii)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the HoldersHolders of all of the Trust Preferred 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 Guarantee AgreementTrust Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 7 contracts
Samples: Trust Preferred Securities Guarantee Agreement (San Rafael Bancorp), Trust Preferred Securities Guarantee Agreement (Alabama National Bancorporation), Trust Preferred Securities Guarantee Agreement (United Bancorporation of Alabama Inc)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities may, by vote, on behalf of the HoldersHolders of all of the Preferred 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 6 contracts
Samples: Preferred Securities Guarantee Agreement (HSBC Finance Capital Trust IX), Preferred Securities Guarantee Agreement (Household International Inc), Preferred Securities Guarantee Agreement (Household Capital Trust Vii)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.. SECTION 2.4
Appears in 3 contracts
Samples: Guarantee Agreement (Simmons First National Corp), Guarantee Agreement (Simmons First National Corp), Guarantee Agreement (Simmons First National Corp)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Capital Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementCapital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Prudential Financial Inc), Guarantee Agreement (Prudential Financial Inc)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities may, by vote, on behalf of the HoldersHolders of all of the Preferred 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 Guarantee AgreementGuarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Hanover Compressor Capital Trust), Securities Guarantee Agreement (Continental Airlines Inc /De/)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Capital Securities may, by vote, on behalf of the HoldersHolders of all of the 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Securities Guarantee Agreement (HSBC Finance Capital Trust IX), Securities Guarantee Agreement (Household International Inc)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities may, by vote, on behalf of all of the Holders, 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Finova Finance Trust), Securities Guarantee Agreement (Finova Finance Trust)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other other, default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Guarantee Agreement (Geovera Insurance Holdings, Ltd.)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities may, by vote, on behalf of the all Holders, 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Halliburton Capital Trust I)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Securities may, by vote, on behalf of the HoldersHolders of all of the Preferred 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Equitable of Iowa Companies Capital Trust)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the HoldersHolders of the applicable series of Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default with respect to that series shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Samples: Agreement (Mercantile Bank Corp)
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.
Appears in 1 contract
Event of Default; Waiver. The Holders of a Majority in Liquidation Amount liquidation amount of the Preferred Securities Securi ies may, by vote, on behalf of the HoldersHolders of all of the Preferred 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 Guarantee AgreementPreferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefromthereon.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Designer Holdings LTD)
