Event of Default; Notice. (a) The Guarantee Trustee shall, within ninety (90) days after the occurrence of a default, transmit to the Holders notices of all defaults actually known to 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
Appears in 14 contracts
Sources: Guarantee Agreement (Entegra Financial Corp.), Guarantee Agreement (Macon Financial Corp.), Guarantee Agreement (Commercial Capital Bancorp Inc)
Event of Default; Notice. (a) The Guarantee Trustee shall, within ninety (90) days after the occurrence hereunder of a default, transmit to the Trust, the Note Holders, the Company and the Holders notices of all defaults actually known to the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice. For the purpose of this Section 2.4, providedthe term "default" means any event that is, thator after notice or lapse of time or both would become, except in the case an Event of a default inDefault.
Appears in 4 contracts
Sources: Parent Guarantee Agreement (MortgageIT Holdings, Inc.), Parent Guarantee Agreement (New York Mortgage Trust Inc), Parent Guarantee Agreement (Orleans Homebuilders Inc)
Event of Default; Notice. (a) The Guarantee Trustee shall, within ninety (90) days after the occurrence of a default, transmit to the Holders notices of all defaults actually known to the Guarantee Trustee, unless such defaults have been cured or waived before the giving of such notice. For the purpose of this Section 2.4, providedthe term "default" means any event that is, thator after notice or lapse of time or both would become, except in the case an Event of a default inDefault.
Appears in 2 contracts
Sources: Guarantee Agreement (North Pointe Holdings Corp), Guarantee Agreement (Meadowbrook Insurance Group Inc)
Event of Default; Notice. (a) The Guarantee Trustee shall, within ninety (90) days after the occurrence of a default, transmit to the Holders notices of all defaults actually known to 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 inin the payment of a Guarantee Payment, the
Appears in 1 contract
Event of Default; Notice. (a) The Guarantee Trustee shall, within ninety (90) days after the occurrence of a default, transmit to the Holders notices of all defaults actually known to 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 ina
Appears in 1 contract