Common use of Event of Default; Notice Clause in Contracts

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Notes.

Appears in 4 contracts

Samples: Senior Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Senior Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Senior Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.)

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Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior Subordinated Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Subordinated Notes.

Appears in 4 contracts

Samples: Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Securities Guarantee Agreement (RenaissanceRe Finance Inc.)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor Event of Default known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior Junior Subordinated Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Junior Subordinated Notes.

Appears in 4 contracts

Samples: Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.), Debt Securities Guarantee Agreement (RenaissanceRe Finance Inc.)

Event of Default; Notice. (a) The Trust Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesTrust Preferred Securities, notices of all such Guarantor Events of DefaultDefault actually known to a Responsible Officer of the Trust Preferred Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, provided, that, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee AgreementPayment, the Trust Preferred Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Trust Preferred Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesTrust Preferred Securities.

Appears in 4 contracts

Samples: Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII), Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII), Trust Preferred Securities Guarantee Agreement (BAC Capital Trust XVII)

Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesPreferred Securities, notices of all such Guarantor Events of DefaultDefault actually known to a Responsible Officer of the Preferred Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice; provided, providedthat, except in the case of a default in the by Guarantor on any of its payment by the Guarantor of any amount due under this Guarantee Agreementobligations, 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 Senior NotesPreferred Securities.

Appears in 3 contracts

Samples: Preferred Securities Guarantee Agreement (Wintrust Financial Corp), Securities Guarantee Agreement (Wintrust Capital Trust I), Securities Guarantee Agreement (Wintrust Capital Trust I)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 30 days after a Responsible Officer of the Guarantee Trustee obtains actual knowledge of the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first first-class postage prepaid, to the Holders Holders, notice of such Event of Default actually known to a Responsible Officer of the Senior Notes, notices of all such Guarantor Events of DefaultGuarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, provided, that, except in the case of a default in the payment by the Guarantor of any amount due under this a Guarantee AgreementPayment, the Guarantee Trustee shall be fully protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesHolders.

Appears in 3 contracts

Samples: Guarantee Agreement (Superior Trust I), Guarantee Agreement (Superior Trust I), Guarantee Agreement (Superior Trust I)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders (and, if for so long as a Trust is the Holder, also to the holders of the Senior NotesTrust Securities), notices of all such Guarantor Events of DefaultDefault actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, provided, that, except in the case of a default in the payment by the Guarantor of any amount due under this a Guarantee AgreementPayment, the 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 Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesHolders.

Appears in 2 contracts

Samples: Guarantee Agreement (AmerUs Capital V), Guarantee Agreement (AmerUs Capital V)

Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default actually known to a Responsible Officer of the Preferred Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesHolders, notices of all such Guarantor Events of Default, Default unless such defaults have been cured or waived before the giving of such notice, provided, except in provided that the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, 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 except in the case of a default in the Senior NotesGuarantor's obligation to make Guarantee Payments.

Appears in 2 contracts

Samples: Preferred Securities Guarantee Agreement (Capital Trust Inc), Preferred Securities Guarantee Agreement (Capital Trust)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor Event of Default known to the Guarantee Trusteedefault, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesHolders, notices of all such Guarantor Events of Defaultdefaults known to the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such noticenotice (the term "default" or "defaults" for the purposes of this Section being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of a default in the payment by the Guarantor of any amount due under this a Guarantee AgreementPayment, the 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 Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesHolders.

Appears in 1 contract

Samples: Guarantee Agreement (Covanta Capital Trust Iii)

Event of Default; Notice. (a) The Preferred Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default known to (or an event which, with the Guarantee Trusteepassage of time or the giving of notice or both, would constitute an Event of Default), transmit by mail, first class postage prepaid, to the Holders of the Senior NotesHolders, notices of all such Guarantor Events of DefaultDefault or defaults actually known to a Responsible Officer of the Preferred Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreementthat, 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 Senior NotesHolders.

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Unocal Corp)

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Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default affecting the Senior Notes known to the Guarantee Trustee, transmit electronically or by mail, first class postage prepaid, to the Holders of the Senior Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, however, that except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Notes.

Appears in 1 contract

Samples: Senior Debt Securities Guarantee Agreement (Renaissancere Holdings LTD)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after receipt of notice by a Responsible Officer of the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesPreferred Securities, notices of all such Guarantor Events of DefaultDefault actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, ; provided, except in the case of an Event of Default other than a default in payment obligations under the payment by the Guarantor of any amount due under this Guarantee AgreementGuarantee, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesPreferred Securities.

Appears in 1 contract

Samples: Guarantee Agreement (Franklin Capital Trust I)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default known to the Guarantee TrusteeDefault, transmit by mail, first class postage prepaid, to the Holders of the Senior NotesCompany Preferred Securities (and, for so long as the Trust is the Holder of the Company Preferred Securities, also to the Holders of the Trust Securities) notices of all such Guarantor Events of DefaultDefault actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreementthat, the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior NotesCompany Preferred Securities.

Appears in 1 contract

Samples: Company Preferred Securities Guarantee Agreement (Abn Amro Bank Nv)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default affecting the Senior Notes known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Notes.

Appears in 1 contract

Samples: Senior Debt Securities Guarantee Agreement (Renaissancere Holdings LTD)

Event of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantor an Event of Default affecting the Senior Notes known to the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Senior Notes, notices of all such Guarantor Events of Default, unless such defaults have been cured or waived before the giving of such notice, provided, however, that except in the case of a default in the payment by the Guarantor of any amount due under this Guarantee Agreement, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Senior Notes.

Appears in 1 contract

Samples: Senior Debt Securities Guarantee Agreement (Renaissancere Holdings LTD)

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