Common use of Securityholders Authorize Trustee to Effectuate Subordination of Securities Clause in Contracts

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Securities by his acceptance of such Securities thereof authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article XIII and appoints the Trustee his attorney-in-fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization insolvency or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this ArticleArticle Eight, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, total liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Securities by his acceptance of such Securities thereof authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article Fourteen and appoints the Trustee his attorney-in-fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization insolvency or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this ArticleArticle Twelve, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on its or his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this ArticleArticle 10, and appoints the Trustee its or his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, liquidation or reorganization of the Company Issuer (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the CompanyIssuer, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an a general assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Debt Securities by his its acceptance of such Securities thereof authorizes and expressly directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article 11 and appoints the Trustee his attorney-in-fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization insolvency or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Debt Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this ArticleArticle 10, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this ArticleArticle Eight, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of Securities by his acceptance of such Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding winding-up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedings.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Debt Securities by his its acceptance of such Securities thereof authorizes and expressly directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article 11 and appoints the Trustee his attorney-in-in- fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcybankrupt cy, insolvency, receivership, reorganization insolvency or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Debt Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Securities by his acceptance of such Securities thereof authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article XIII and appoints the Trustee his attorney-in-fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization insolvency -62- 69 or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.

Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each Holder of the Debt Securities by his its acceptance of such Securities thereof authorizes and expressly directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article, Article 11 and appoints the Trustee his its attorney-in-fact for such purposespurpose, including, in the event of any dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization insolvency or similar receivership proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the business and assets of the Company, the immediate filing of a claim for the unpaid balance of its or his Debt Securities in the form required in those proceedingssaid proceedings and cause said claim to be approved.