Preferred Securities Guarantee. 8 principal office of the Trustee......................................................8
Preferred Securities Guarantee. The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. Such obligations will not be discharged except by payment of the Guarantee Payments in full. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.
Preferred Securities Guarantee. The term "
Preferred Securities Guarantee. 12 SECTION 5.2 Waiver of Notice and Demand....................................13 SECTION 5.3 Obligations Not Affected.......................................13 SECTION 5.4
Preferred Securities Guarantee. 6 principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Preferred Securities Guarantee. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles and the term "generally accepted accounting principles" means such accounting principles as are generally accepted at the time of any computation. The words "herein", "hereof" and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. Headings are used for convenience of reference only and do not affect interpretation. The singular includes the plural and vice versa.
Preferred Securities Guarantee. The Guarantor fully and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.
Preferred Securities Guarantee. 6 -------- * THIS TABLE OF CONTENTS SHALL NOT, FOR ANY PURPOSE, BE DEEMED TO BE A PART OF THE INDENTURE.
Preferred Securities Guarantee. The Preferred Securities Guarantee, when taken together with the Company's obligations under the Subordinated Debentures, the Declaration and the Indenture, including its obligations to pay costs, expenses, debts and other obligations of the Trust, provides a full and unconditional guarantee on a subordinated basis by the Company of amounts due on the Preferred Securities and the Subordinated Debentures. The obligations of the Company under the Preferred Securities Guarantee and under the Subordinated Debentures, upon execution and delivery thereof, will be subordinate and junior in right of payment to all present and future Senior Indebtedness (as defined in the Indenture) of the Company.
Preferred Securities Guarantee. 10 SECTION 5.2. Waiver of Notice and Demand . . . . . . . . . . . . . . . 11 SECTION 5.3. Obligations Not Affected. . . . . . . . . . . . . . . . . 11 SECTION 5.4.
