Subordination of Common Securities. If a Debenture Event of Default (as defined in the Trust Agreement) has occurred and is continuing, the rights of the Holders of the Common Securities to receive Guarantee Payments under this Guarantee shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.
Appears in 6 contracts
Sources: Guarantee Agreement (Susquehanna Bancshares Inc), Guarantee Agreement (Susquehanna Capital IV), Guarantee Agreement (TCF Capital I)
Subordination of Common Securities. If a Debenture an Event of Default (as defined in under the Trust Agreement) Agreement has occurred and is continuing, the rights of the Holders of the Common Securities to receive Guarantee Payments under this Guarantee shall be hereunder are subordinated to the rights of the Holders of the Capital Preferred Securities to receive Guarantee Payments under this Guarantee.
Appears in 2 contracts
Sources: Guarantee Agreement (Weyerhaeuser Co), Guarantee Agreement (Weyerhaeuser Co)