Common use of Authorization to Effect Subordination Clause in Contracts

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 16 contracts

Sources: Indenture (Symantec Corp), Indenture (Rf Micro Devices Inc), Indenture (Bisys Group Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness Debt or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 5 contracts

Sources: Indenture (Sigma Designs Inc), Indenture (Cell Genesys Inc), Indenture (NPS Pharmaceuticals Inc)

Authorization to Effect Subordination. Each Holder holder of a Security Note by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 IV and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in the third paragraph of Section 5.3 7.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders holders of the SecuritiesNotes.

Appears in 4 contracts

Sources: Indenture (Iomega Corp), Indenture (Cymer Inc), Indenture (Iomega Corp)

Authorization to Effect Subordination. Each Holder of a Security Holder, by the acceptance of such Holder's acceptance thereof ’s Securities, authorizes and directs the Trustee on the Holder's such person’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 12 and appoints the Trustee to act as the Holder's such person’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof 12.03 at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness of the Company or their its representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesHolders.

Appears in 4 contracts

Sources: Indenture (Belden CDT Inc.), Indenture (Belden CDT Inc.), Indenture (Cable Design Technologies Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Thirteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness of the Company or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 4 contracts

Sources: Indenture (Vantive Corp), Indenture (Cypress Semiconductor Corp /De/), Indenture (Veritas Software Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness Debt or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 4 contracts

Sources: Indenture (Verisign Inc/Ca), Indenture (Microchip Technology Inc), Indenture (Xilinx Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Fifteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 3 contracts

Sources: Indenture (Quantum Corp /De/), Indenture (Quantum Corp /De/), Reimbursement Agreement (Maxtor Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 3 contracts

Sources: Indenture (Black Hills Corp /Sd/), Indenture (Black Hills Holding Corp), Indenture (Willbros Group Inc)

Authorization to Effect Subordination. Each Holder holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 16 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in the third paragraph of Section 5.3 5.02 hereof at least 30 thirty (30) days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Commscope Inc), Indenture (Andrew Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Solectron Corp), Indenture (Solectron Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 11 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 11.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Kaydon Corp), Indenture (Kaydon Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Thirteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness of the Issuer or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Atmel Corp), Indenture (Wind River Systems Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 10 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 6.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Atmel Corp), Indenture (Atmel Corp)

Authorization to Effect Subordination. Each Holder of a Security Securities, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Thirteen, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Debt are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Indenture (Cihc Inc), Second Senior Indenture (Cihc Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Sources: Subordinated Indenture (Ddi Corp), Subordinated Indenture (Ddi Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Waddell & Reed Capital Trust I)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Fourteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Subordinated Indenture (Tyco International LTD /Ber/)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Penney J C Co Inc)

Authorization to Effect Subordination. Each Holder of a Security by the such Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 ARTICLE XIII, and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof 8.9 at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness Debt or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (CTS Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 6 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 6.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Polymedica Corp)

Authorization to Effect Subordination. Each Holder holder of a Security Note by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 VI, and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 6.02 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders holders of the SecuritiesNotes.

Appears in 1 contract

Sources: Indenture (Midcom Communications Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Fourteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness of the Guarantor or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Atmel Corp)

Authorization to Effect Subordination. Each Holder of a Security Note by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 11, and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 6.09 hereof at least 30 days before the expiration of the time to file such claim, the holders (or their Representative) of any Senior Indebtedness or their representatives of the Company are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesNotes.

Appears in 1 contract

Sources: Indenture (Cpi Holding Corp)

Authorization to Effect Subordination. Each Holder of a Security Notes by the Holder's ’s acceptance thereof authorizes and directs the Trustee or any Agent on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 6 and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 6.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Secured Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesNotes.

Appears in 1 contract

Sources: Indenture (Iconix Brand Group, Inc.)

Authorization to Effect Subordination. Each Holder of a Security Securityholder, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 5, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 8.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Designated Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesSecurityholders.

Appears in 1 contract

Sources: Indenture (Cubist Pharmaceuticals Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Cypress Semiconductor Corp /De/)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 8.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Emulex Corp /De/)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 4 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 4.03 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (CBIZ, Inc.)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Thirteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Baan Co N V)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 15 and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Chapman Construction Co., L.P.)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Cymer Inc)

Authorization to Effect Subordination. Each Holder of a Security and any related Guarantee by the Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 hereof 6.3 at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesSecurities and any related Guarantee.

Appears in 1 contract

Sources: Indenture (Daron Coal Company, LLC)

Authorization to Effect Subordination. Each Holder of a Security Securities, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 XIV, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Debt Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Bowne & Co Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 13 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 5.04 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Veritas Software Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 XI, and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 SECTION 6.9 hereof at least 30 days before the expiration of the time to file such claim, the holders Holders of any Senior Secured Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Indenture (Medis Technologies LTD)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Twelve and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Subordinated Indenture (Tyco International LTD /Ber/)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 5 Fifteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.3 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Guarantor Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Sources: Subordinated Indenture (Tyco International LTD /Ber/)