Common use of Event of Default; Notice Clause in Contracts

Event of Default; Notice. (a) The Trust Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known to a Responsible Officer of the Trust Securities Guarantee Trustee, mail by first-class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible Officer, unless such defaults have been cured before the giving of such notice, provided that, except in the case of default in the payment of any Guarantee Payment, the Trust Securities 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 a Responsible Officer of the Trust Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 3 contracts

Samples: Guarantee Agreement (Affiliated Managers Group Inc), Guarantee Agreement (Boston Private Financial Holdings Inc), Guarantee Agreement (Affiliated Managers Group Inc)

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Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Series A Capital Securities.

Appears in 3 contracts

Samples: Securities Guarantee Agreement (Agl Resources Inc), Guarantee Agreement (Peoples Heritage Financial Group Inc), Guarantee Agreement (Firstar Corp /Wi/)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default a default with respect to this Capital Securities Guarantee actually known to a Responsible Officer of the Trust Capital Securities Guarantee Trustee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible Officersuch defaults, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Series A Capital Securities.

Appears in 3 contracts

Samples: Securities Guarantee Agreement (Puget Sound Energy Inc), Safeco Corp, Mmi Companies Inc

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Series B Capital Securities.

Appears in 2 contracts

Samples: Guarantee Agreement (Agl Resources Inc), Guarantee Agreement (Peoples Heritage Financial Group Inc)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer of the Trust Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 2 contracts

Samples: Capital Securities Guarantee Agreement (Albank Capital Trust I), Guarantee Agreement (Albank Capital Trust I)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default a default with respect to this Capital Securities Guarantee actually known to a Responsible Officer of the Trust Capital Securities Guarantee Trustee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible Officersuch defaults, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Series B Capital Securities.

Appears in 2 contracts

Samples: Safeco Corp, Puget Sound Energy Inc

Event of Default; Notice. (a) The Trust Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known to a Responsible Officer of the Trust Securities Guarantee TrusteeDefault, mail transmit by first-mail, first class postage prepaid, to all Holdersthe Holders (in the manner set forth in Section 313(c) of the Trust Indenture Act), notices of all defaults Events of Default actually known to a Responsible Officerthe Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of a default in the payment of any a Guarantee Payment, the Trust Securities Guarantee Trustee shall be protected in withholding such notice if and so long as the board Board of directorsDirectors, the executive committee, committee or a trust committee of directors and/or a Responsible Officer Officers of the Trust Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

Appears in 2 contracts

Samples: Trust Securities (Willamette Industries Inc), Trust Securities (Willamette Industries Inc)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all HoldersHolders of the Series A Capital Securities, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice; provided, provided that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Series A Capital Securities.

Appears in 1 contract

Samples: Capital Securities Guarantee Agreement (Advanta Corp)

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Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all Holders, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided provided, that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the New Capital Securities.

Appears in 1 contract

Samples: Capital Securities Guarantee Agreement (Berkley W R Capital Trust)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all HoldersHolders of the Capital Securities, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer or Officers of the Trust Capital Securities Guarantee Trustee in good faith determines determine that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Capital Securities Guarantee Agreement (HSBC Usa Capital Trust Vi)

Event of Default; Notice. (a) The Trust Capital Securities ------------------------ Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known to a Responsible Officer of the Trust Securities Guarantee TrusteeDefault, mail transmit by first-mail, first class postage prepaid, to all Holdersthe Holders of the Capital Securities, notices of all defaults actually Events of Default known to a Responsible Officerthe Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, ; provided that, that except in the case of a default in the -------- payment of any a Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Capital Securities Guarantee Agreement (Nationwide Financial Services Capital Trust)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known to a Responsible Officer of the Trust Securities Guarantee TrusteeDefault, mail transmit by first-mail, first class postage prepaid, to all Holdersthe Holders of the Capital Securities, notices of all defaults actually Events of Default known to a Responsible Officerthe Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided that, ; PROVIDED that except in the case of a default in the payment of any a Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the HoldersHolders of the Capital Securities.

Appears in 1 contract

Samples: Securities Guarantee Agreement (Zenith National Insurance Corp)

Event of Default; Notice. (a) The Trust Capital Securities Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default actually known a default with respect to a Responsible Officer of the Trust this Capital Securities Guarantee TrusteeGuarantee, mail by first-first class postage prepaid, to all HoldersHolders of the Capital Securities, notices of all defaults actually known to a Responsible OfficerOfficer of the Capital Securities Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided that, except in the case of default in the payment of any Guarantee Payment, the Trust Capital Securities 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 a Responsible Officer Officers of the Trust Capital Securities Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holdersholders of the Capital Securities.

Appears in 1 contract

Samples: Securities Guarantee Agreement (Southern Investments Uk Capital Trust I)

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