Events of Default; Waiver. Except as set forth in the Declaration and the Indenture, the Holders of a Majority in Liquidation Amount of the Securities may waive, by vote or written consent, on behalf of all Holders, any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising there from shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
Appears in 18 contracts
Sources: Guarantee Agreement (New York Community Bancorp Inc), Guarantee Agreement (New York Community Capital Trust I), Guarantee Agreement (New York Community Bancorp Inc)