Common use of Events of Default; Waiver Clause in Contracts

Events of Default; Waiver. The holders of not less than a majority of the outstanding principal amount of the Debentures may, by vote, on behalf of 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 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 16 contracts

Samples: Senior Debt Securities Guarantee Agreement (PartnerRe Finance B LLC), Securities Guarantee Agreement (PartnerRe Finance B LLC), Senior Debt Securities Guarantee Agreement (PartnerRe Finance B LLC)

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Events of Default; Waiver. (a) The holders Holders of not less than a majority Majority of the outstanding principal amount of the Debentures Outstanding Preferred Securities may, by vote, on behalf of all 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 Default, or impair any right consequent thereon.

Appears in 10 contracts

Samples: Guarantee Agreement (Centex Corp), Guarantee Agreement (Raytheon Co/), Guarantee Agreement (Acs Trust I)

Events of Default; Waiver. The holders Holders of not less than a majority of the outstanding Majority in aggregate principal amount of the Debentures Affiliate Debenture may, by vote, on behalf of all Holdersthe Holders of the Affiliate Debenture, 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 AgreementInvestment 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 8 contracts

Samples: Debenture Guarantee Agreement (BAC Capital Trust XVII), Debenture Guarantee Agreement (BAC Capital Trust XVII), Debenture Guarantee Agreement (BAC Capital Trust XVII)

Events of Default; Waiver. The holders of not less than a majority of the outstanding principal amount of the Debentures Notes may, by vote, on behalf of 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 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 4 contracts

Samples: Guarantee Agreement (Partnerre Capital Trust Iii), Guarantee Agreement (Partnerre LTD), Senior Debt Securities Guarantee Agreement (Partnerre LTD)

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Events of Default; Waiver. The holders Holders of not less than a majority of the outstanding principal amount of the Debentures Company Securities may, by vote, on behalf of the Holders of all Holdersof the Company 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 thereon.

Appears in 1 contract

Samples: Guarantee Agreement (Comcast Cable Communications Inc)

Events of Default; Waiver. The holders Holders of not less than a majority of the outstanding in principal amount of the Convertible Debentures may, as provided in the Indenture, by vote, on behalf of 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 Convertible Debenture 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: Convertible Debenture Guarantee Agreement (Weatherford International LTD)

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