Common use of Events of Default; Notice Clause in Contracts

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, 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.

Events of Default; Notice. (a) The Guarantee Trustee shall, within 90 30 days after the occurrence of an Event of DefaultDefault actually known by a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the HoldersHolders of the Preference Shares, notices of all Events of Default known to the Guarantee TrusteeTrustee (which knowledge shall be determined in accordance with Section 2.2(c) above), unless such defaults Events of Default have been cured before the giving of such notice, provided, ; provided that, except in the case of a default in the payment of a Guarantee Payment, 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 Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Preference Shares.