Common use of Events of Default; Notice Clause in Contracts

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders, notice of any such Event of Default known to the Guarantee Trustee, unless such Event of Default has been cured before the giving of such notice, provided that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 8 contracts

Samples: Guarantee Agreement (Truist Financial Corp), Guarantee Agreement (Goldman Sachs Capital Ii), Guarantee Agreement (Goldman Sachs Group Inc)

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Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders, notice notices of any such Event all Events of Default known to the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice, provided provided, however, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 3 contracts

Samples: Guarantee Agreement (Everest Re Group LTD), Guarantee Agreement (Everest Re Group LTD), Trust Agreement (Everest Re Capital Trust Iii)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the HoldersHolders of the Preferred Securities, notice notices of any such Event all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice; provided, provided however, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee committee, or a trust committee of directors and/or Responsible Officers responsible officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Preferred Securities.

Appears in 3 contracts

Samples: Preferred Securities Guarantee Agreement (Bear Stearns Companies Inc), Preferred Securities Guarantee Agreement (Bear Stearns Companies Inc), Preferred Securities Guarantee Agreement (Bear Stearns Capital Trust V)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known to a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the HoldersHolders of the HITS, notice of any such Event of Default known to the Guarantee Trustee, unless such Event of Default has been cured before the giving of such notice, provided that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 2 contracts

Samples: Hits Guarantee Agreement (Bank of America Corp /De/), Hits Guarantee Agreement (Bank of America Corp /De/)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders, notice of any such Event of Default known to the Guarantee Trustee, unless such Event of Default has been cured before the giving of such notice, ; provided that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Form of Guarantee Agreement (Huntington Bancshares Inc/Md)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 ninety (90) days after the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders, notice Holders notices of any such Event all Events of Default known to the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice; provided, provided however, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee determines in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Guarantee Agreement (Everest Reinsurance Holdings Inc)

Events of Default; Notice. (a) The Guarantee Trustee -------------------------- shall, within 90 days after the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders, notice of any such Event all Events of Default known to the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice, provided that, except in the case of a default -------- in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: SJG Capital Trust

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Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders, notice notices of any all such Event Events of Default known to the Guarantee TrusteeDefault, unless such Event of Default has defaults have been cured before the giving of such notice, provided provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Guarantee Agreement (Mutual Risk Management LTD)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after a Responsible Officer of the Guarantee Trustee has knowledge of the occurrence of an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the HoldersHolders of the Preferred Securities, notice notices of any such Event all Events of Default known to the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice, provided thatprovided, except in the case of a default in the payment of a Guarantee Payment, that the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee committee, or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Preferred Securities.

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (KCPL Financing Ii)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 60 days after the occurrence of an a Guarantee Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the HoldersHolders of the Preferred Securities, notice notices of any such Event all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such Event of Default has defaults have been cured before the giving of such notice; provided, provided however, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board board of Directorsdirectors, the executive committee committee, or a trust committee of directors and/or Responsible Officers responsible officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Preferred Securities.

Appears in 1 contract

Samples: Guarantee Agreement (Bear Stearns Capital Trust Iv)

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 30 days after the occurrence of an Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders, notice of any such Event of Default known to the Guarantee Trustee, unless such Event of Default has been cured before the giving of such notice, provided that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Samples: Guarantee Agreement (Wachovia Capital Trust Iii)

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