Common use of Securityholders Authorize Trustee To Effectuate Subordination of Guarantee Clause in Contracts

Securityholders Authorize Trustee To Effectuate Subordination of Guarantee. Section 7.11. Right of Trustee To Hold Senior Indebtedness of the Guarantor Section 7.12. Article 7 Not To Prevent Events of Default Section 7.13. Execution and Delivery of Guarantee Section 7.14. Subordination of Indebtedness Owed by the Company to the Guarantor Section 7.15. Officers' Certificate

Appears in 1 contract

Sources: Indenture (Toll Brothers Inc)

Securityholders Authorize Trustee To Effectuate Subordination of Guarantee. Section 7.1111. Right of Trustee To Hold Senior Indebtedness of the Guarantor Section Guarantor................ 31 7.12. Article 7 Not To Prevent Events of Default Section Default...... 31 7.13. Execution and Delivery of Guarantee Section Guarantee............. 31 7.14. Subordination of Indebtedness Owed by the Company to the Guarantor Section Guarantor..................... 32 7.15. Officers' Certificate........................... 32

Appears in 1 contract

Sources: Indenture (Toll Brothers Inc)