Guarantee Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Preferred Securities, notices of all Guarantee Events of Default actually known to a Responsible Officer of the Preferred Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided, that the Preferred Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Preferred Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Preferred Securities.
Appears in 9 contracts
Samples: Preferred Securities Guarantee Agreement (Conseco Inc), Preferred Securities Guarantee Agreement (American Annuity Group Capital Trust Ii), Securities Guarantee Agreement (Conseco Inc Et Al)
Guarantee Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a an Guarantee Event of DefaultDefault actually known to a Responsible Officer of the Preferred Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Trust Preferred Securities, notices of all Guarantee such Events of Default actually known to a Responsible Officer of the Preferred Guarantee TrusteeDefault, unless such defaults have been cured before the giving of such notice; , provided, that that, the Preferred Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Preferred Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Preferred Securities.
Appears in 2 contracts
Samples: Trust Preferred Securities Guarantee Agreement (Bay View Capital Corp), Trust Preferred Securities Guarantee Agreement (CNF Transportation Inc)
Guarantee Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Preferred Securities, notices of all Guarantee Events of Default actually known to a Responsible Officer of the Preferred Guarantee Trustee, unless such defaults have been cured before the giving of such notice; , provided, that that, the Preferred 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 Officer Officers of the Preferred Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Preferred Securities.
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Guarantee Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a an Guarantee Event of DefaultDefault actually known to a Responsible Officer of the Preferred Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Preferred SecuritiesTECONS, notices of all Guarantee such Events of Default actually known to a Responsible Officer of the Preferred Guarantee TrusteeDefault, unless such defaults have been cured before the giving of such notice; , provided, that that, the Preferred Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Preferred Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Preferred SecuritiesTECONS.
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (CNF Transportation Inc)