Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Securities may, by vote, on behalf of the Holders of all the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 15 contracts
Samples: Guarantee Agreement (Bb&t Corp), Guarantee Agreement (Bb&t Corp), Guarantee Agreement (Bb&t Corp)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount liquidation amount of the Trust Common Securities may, by vote, on behalf of the Holders of all of the Trust Common Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementTrust Common Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Trust Common Securities Guarantee Agreement (American Equity Investment Life Holding Co), Trust Common Securities Guarantee Agreement (American Equity Investment Life Holding Co), Common Securities Guarantee Agreement (Westcoast Hospitality Capital Trust)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount liquidation amount of the Trust Preferred Securities may, by votevote (which vote may be by written consent), on behalf of the Holders of all of the Trust Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 5 contracts
Samples: Preferred Securities Guarantee Agreement (Ally Financial Inc.), Securities Purchase and Exchange Agreement, Preferred Securities Guarantee Agreement (Ally Financial Inc.)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by votevote or written consent, on behalf of the Holders of all of the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementTrust Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Trust Guarantee Agreement (Capmark Finance Inc.), Trust Guarantee Agreement (Lehman Brothers Holdings E-Capital Trust I)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by votevote or written consent, on behalf of the Holders of all of the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Lehman Brothers Holdings Inc), Guarantee Agreement (Lehman Brothers Holdings Inc)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount 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 or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 2 contracts
Samples: Trust Preferred Securities Guarantee Agreement (WPSR Capital Trust I), Trust Preferred Securities Guarantee Agreement (WPSR Capital Trust I)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount 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 or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementTrust Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Trust Preferred Securities Guarantee Agreement (Hawaiian Electric Industries Capital Trust Ii), Trust Preferred Securities Guarantee Agreement (Hawaiian Electric Industries Inc)
Events of Default; Waiver. (a) The Holders of at least a Majority in Liquidation Amount of the Trust Capital Securities may, by vote, on behalf of the Holders of all the Trust Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Popular Inc), Guarantee Agreement (Santander Bancorp)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 2 contracts
Samples: Guarantee Agreement (Schwab Capital Trust Ii), Guarantee Agreement (Schwab Charles Corp)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Securities may, by votevote or written consent, on behalf of the Holders of all the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Exchange Capital Securities may, by vote, on behalf of the Holders of all the Trust Exchange Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Exchange Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount 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 or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementTrust Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Trust Preferred Securities Guarantee Agreement (Hawaiian Electric Industries Inc)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount liquidation amount of the Trust Pre- ferred Securities may, by vote, on behalf of the Holders of all of the Trust Preferred Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Samples: Trust Preferred Securities Guarantee Agreement (Ultramar Diamond Shamrock Corp)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount ------------------------- liquidation amount of the Trust Capital Securities may, by vote, on behalf of the Holders of all of the Trust Capital Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Samples: Guarantee Agreement (PMC Capital I)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount liquidation amount of the Trust Securities PIERS may, by vote, on behalf of the Holders of all the Trust SecuritiesHolders, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementTrust PIERS Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount ------------ ------------------------- liquidation amount of the Trust Securities may, by vote, on behalf of all of the Holders of all the Trust SecuritiesHolders, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Samples: Trust Securities Guarantee Agreement (Yorkshire Power Group LTD)
Events of Default; Waiver. The Holders of at least 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 or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Samples: Trust Preferred Securities Guarantee Agreement (PNC Financial Services Group Inc)
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount liquidation amount of the Trust Convertible Preferred Securities may, by vote, on behalf of the Holders of all of the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Securities, waive any past default or Event of Default and its consequences. Upon such waiver, any such default or Event of Default shall cease to exist, and any default or 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 thereon.
Appears in 1 contract
Events of Default; Waiver. The Holders of at least a Majority majority in Liquidation Amount liquidation amount of the Trust Common Securities may, may by vote, on behalf of the Holders of all of the Trust SecuritiesCommon securities, waive any past default or Guarantee Event of Default and its consequences. Upon such waiver, any such default or Guarantee Event of Default shall cease to exist, and any default or Guarantee Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee AgreementCommon Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Guarantee Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Common Securities Guarantee Agreement (Hanover Compressor Capital Trust)
