Limitation of Transaction. So long as any Preferred Securities remain outstanding, if there shall have occurred and be continuing an Event of Default or an event of default under the Declaration, then (a) the Guarantor shall not declare or pay any dividend on, or make any distribution with respect to, or redeem, purchase, acquire or make a liquidation payment with respect to, any of its capital stock (other than (i) purchases or acquisitions of shares of Guarantor common stock in connection with the satisfaction by the Guarantor of its obligations under any employee benefit plans or any other contractual obligations of the Guarantor (other than a contractual obligation ranking PARI PASSU, with or junior to the Subordinated Debentures), (ii) as a result of a reclassification of Company capital stock or the exchange or conversion of one class or series of Company capital stock for another class or series of Company capital stock or (iii) the purchase of fractional interests in shares of Company capital stock pursuant to the conversion or exchange provisions of such Company capital stock or the security being converted or exchanged), (b) the Guarantor shall not make any payment of interest, principal or premium, if any, on or repay, repurchase or redeem any debt securities (including guarantees) issued by the Guarantor which rank PARI PASSU with or junior to the Subordinated Debentures and (c) the Guarantor shall not make any guarantee payments with respect to the foregoing (other than pursuant to this Guarantee Agreement and other guarantee agreements entered into by the Guarantor with respect to preferred securities of any Affiliate of the Guarantor).
Limitation of Transaction. TABLE OF CONTENTS (CONTINUED) ARTICLE VII. TERMINATION...............................................................................15 Section 7.1. TERMINATION..........................................................................15 ARTICLE VIII. INDEMNIFICATION...........................................................................15 Section 8.1. EXCULPATION..........................................................................15 Section 8.2. INDEMNIFICATION......................................................................15 ARTICLE IX. MISCELLANEOUS.............................................................................16
Limitation of Transaction. 16 Section 6.2. Ranking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Limitation of Transaction. 11 Section 6.2. Ranking...........................................12
Limitation of Transaction. 10 ARTICLE V.
Limitation of Transaction. So long as any Securities remain outstanding, if (a) there shall have occurred an event of default under the Indenture with respect to the Debentures, (b) there shall be a Guarantee Event of Default or (c) the Guarantor shall have given notice of its election of an Extension Period as provided in the certificate evidencing the Debentures and shall not have rescinded such notice, or such Extension Period or any extension thereof shall be continuing, then Guarantor shall not, and shall not permit any subsidiary of the Guarantor, to (x) declare or pay any dividends or distributions on, or redeem, purchase acquire or make a liquidation payment with respect to any of the Guarantor's capital stock or (y) make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Guarantor that rank on a parity with or junior in interest to the Debentures or make any guarantee payments with respect to any guarantee by the Guarantor of the debt securities of any subsidiary of the Guarantor if such guarantee ranks on a parity with or junior in interest to the Debentures (other than (i) dividends or distributions in common stock of the Guarantor, (ii) payments under this Guarantee and (iii) any declaration of a dividend in connection with the implementation of a shareholders' rights plan, or the issuance of stock under any such plan in the future, or the redemption or repurchase of any such rights pursuant thereto, and (iv) purchases of common stock related to the issuance of common stock or rights under any of the Guarantor's benefit plans).
Limitation of Transaction. For the purpose of this Agreement a “Transaction” shall only be a Transaction and governed by this Agreement if it qualifies as an “Option Transaction” or “CFD Transaction”.
