Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A Capital Securities 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 8 contracts
Sources: Series a Capital Securities Guarantee Agreement (Sky Financial Capital Trust I), Series a Capital Securities Guarantee Agreement (Hamilton Capital Trust I), Capital Securities Guarantee Agreement (Cascade Financial Corp)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A B Capital Securities 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 6 contracts
Sources: Series B Capital Securities Guarantee Agreement (GBB Capital Iv), Series B Capital Securities Guarantee Agreement (Greater Bay Bancorp), Series B Capital Securities Guarantee Agreement (Astoria Capital Trust I)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A B Capital Securities 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 5 contracts
Sources: Series B Capital Securities Guarantee Agreement (CNBF Capital Trust I), Capital Securities Guarantee Agreement (Peoples Bancorp Inc), Series B Capital Securities Guarantee Agreement (Greater Bay Bancorp)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A B Capital Securities 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 2 contracts
Sources: Series B Capital Securities Guarantee Agreement (Banknorth Capital Trust I), Series B Capital Securities Guarantee Agreement (Reliance Capital Trust I)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A B Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A B Capital Securities Guarantee, but no such waiver shall extend to any subsequent or other default or of Event of Default or impair any right consequent thereon.
Appears in 1 contract
Sources: Series B Capital Securities Guarantee Agreement (Sky Financial Capital Trust I)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A Capital Securities 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 1 contract
Sources: Series a Capital Securities Guarantee Agreement (Greater Bay Bancorp)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A Capital Securities 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 1 contract
Sources: Capital Securities Guarantee Agreement (Peoples Bancorp Inc)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount of the Series A B Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital SecuritiesHolders, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A B Capital Securities 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 1 contract
Sources: Series B Capital Securities Guarantee Agreement (Usabancshares Inc)
Waiver of Events of Default. The Holders of a Majority in Liquidation Amount liquidation amount of the Series A Capital Securities may, by vote, on behalf of the Holders of all of the Series A Capital Securities, waive 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 therefrom shall be deemed to have been cured, for every purpose of this Series A Capital Securities 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 1 contract
Sources: Series a Capital Securities Guarantee Agreement (Telebanc Capital Trust I)