No Event of Default During Time of Timely FDIC Guarantee Payments. There shall not be deemed to be an event of default under this Agreement which would permit or result in the acceleration of amounts due hereunder, if such an event of default is due solely to the failure of the Issuer to make timely payment hereunder, provided that the FDIC is making timely guarantee payments with respect to the debt obligations hereunder in accordance with 12 C.F.R Part 370.
Appears in 3 contracts
Samples: Master Agreement (General Electric Capital Corp), Master Agreement, Master Agreement (Deere John Capital Corp)
No Event of Default During Time of Timely FDIC Guarantee Payments. There shall not be deemed to be an event Event of default Default under this Agreement Indenture which would permit or result in the acceleration of amounts due hereunder, if such an event Event of default Default is due solely to the failure of the Issuer to make timely payment hereunder, on the Guaranteed Securities provided that the FDIC is making timely guarantee payments Guarantee Payments with respect to the debt obligations hereunder such Guaranteed Securities in accordance with 12 C.F.R Part 370the Rule.
Appears in 1 contract
Samples: Fourth Supplemental Indenture (Wells Fargo & Co/Mn)
