Common use of Trustee to Effectuate Subordination Clause in Contracts

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 9 contracts

Sources: Third Supplemental Indenture (Coastal Corp), Third Supplemental Indenture (Tci Communications Financing Vi), Fourth Supplemental Indenture (Tele Communications Inc /Co/)

Trustee to Effectuate Subordination. Each Holder of a Note Notes by such holderHolder's acceptance thereof authorizes and directs the Trustee on such holderHolder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holderHolder's attorney-in-fact for any and all such purposes.

Appears in 7 contracts

Sources: Supplemental Indenture (Household Capital Trust Vii), First Supplemental Indenture (Southwest Gas Corp), Supplemental Indenture (Household International Inc)

Trustee to Effectuate Subordination. Each Holder holder of a Note Notes by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI Six and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 5 contracts

Sources: Supplemental Indenture (Mediaone Group Inc), Supplemental Indenture (Mediaone Finance Trust Vi), Supplemental Indenture (Us West Inc)

Trustee to Effectuate Subordination. Each Holder holder of a Note Subordinated Debenture by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 5 contracts

Sources: Indenture (Kansas City Power & Light Co), Second Supplemental Indenture (TDS Capital Ii), Indenture (Telephone & Data Systems Inc)

Trustee to Effectuate Subordination. Each Holder holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Sources: Indenture (Vishay Intertechnology Inc), Indenture (Signature Resorts Inc), Subordinated Debt Indenture (Interpublic Group of Companies Inc)

Trustee to Effectuate Subordination. Each Holder of a Note Notes, by such holder's the Holder’s acceptance thereof thereof, authorizes and expressly directs the Trustee on such holder's ▇▇▇▇▇▇’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article VI 2, and appoints the Trustee to act as such holder's ▇▇▇▇▇▇’s attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture Agreement (Centrus Energy Corp), Indenture Agreement (United States Enrichment Corp), Indenture Agreement (Usec Inc)

Trustee to Effectuate Subordination. Each Holder of Noteholder by accepting a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 13 and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Second Supplemental Indenture (Whiting Petroleum Corp), First Supplemental Indenture (Whiting Petroleum Corp), First Supplemental Indenture (Whiting Petroleum Corp)

Trustee to Effectuate Subordination. Each Holder of a Note Notes by such holder's Holder’s acceptance thereof authorizes and directs the Trustee on such holder's Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's Holder’s attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Eighth Supplemental Indenture (HSBC Finance Capital Trust IX), Indenture (Southern Union Co), Eighth Supplemental Indenture (HSBC Finance Capital Trust IX)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his or her acceptance thereof authorizes and directs the Trustee on such holder's his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI IV and appoints the Trustee as such holder's his or her attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Atlantic Coast Airlines Inc), Indenture (Atlantic Coast Airlines Inc), Indenture (Kellstrom Industries Inc)

Trustee to Effectuate Subordination. Each Holder Noteholder by his acceptance of a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture, Indenture, Indenture

Trustee to Effectuate Subordination. Each Holder The holder of a each Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's in his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/), Restated Indenture (Bank of America Corp /De/)

Trustee to Effectuate Subordination. Each Holder of a Note Noteholder, by such holder's Noteholder’s acceptance thereof thereof, authorizes and directs the Trustee on such holder's Noteholder’s behalf to take such action (as may be the Trustee, in its discretion, deems necessary or appropriate appropriate, upon instruction or otherwise) to effectuate the subordination provided in this Article VI XV and appoints the Trustee as such holder's Noteholder’s attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Flushing Financial Corp), Indenture for Subordinated Notes (State Bancorp Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 3 and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: First Supplemental Indenture (Peapack Gladstone Financial Corp), First Supplemental Indenture (Peapack Gladstone Financial Corp)

Trustee to Effectuate Subordination. Each Holder holder of a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Supplemental Indenture (Commonwealth Edison Co), Fourth Supplemental Indenture (Commonwealth Edison Co)

Trustee to Effectuate Subordination. Each Holder of a Note Notes by such holder's ----------------------------------- his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination as between such Holder and holders of Senior Indebtedness as provided in this Article VI XI and appoints the Trustee as such holder's its attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate and requested by the Company to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Axos Financial, Inc.), Second Supplemental Indenture (Axos Financial, Inc.)

Trustee to Effectuate Subordination. Each Holder holder of a 1997A Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI VII and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Supplemental Indenture (Diamond Offshore Drilling Inc), Supplemental Indenture (Diamond Offshore Drilling Inc)

Trustee to Effectuate Subordination. Each Holder holder of a Note Guarantees by such holder's ’s acceptance thereof authorizes and directs the Trustee on such holder's ’s behalf to execute such document and to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI Seventeen and appoints the Trustee as such holder's ’s attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Supplemental Indenture (Cit Group Inc), Supplemental Indenture (Cit Group Inc)

Trustee to Effectuate Subordination. Each Holder of Noteholder by accepting a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 14 and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Whiting Petroleum Corp), First Supplemental Indenture (Whiting Petroleum Corp)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided for in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (PLD Telekom Inc), Indenture (PLD Telekom Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI XIV and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Mobile Mini Inc), Indenture (Mobile Mini Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's Holder’s acceptance thereof authorizes and directs the Trustee on such holder's Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 18 and appoints the Trustee as such holder's Holder’s attorney-in-fact for any and all such purposesin connection therewith.

Appears in 2 contracts

Sources: Indenture (Iterum Therapeutics PLC), Indenture (Iterum Therapeutics PLC)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: First Supplemental Indenture (Tci Communications Financing Iv), First Supplemental Indenture (Tci Communications Financing Iv)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's Holder’s acceptance thereof authorizes and directs the Trustee on such holder's Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's Holder’s attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Iterum Therapeutics PLC), Indenture (Iterum Therapeutics PLC)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI Fourteen and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Citadel Communications Corp), Indenture (Citadel License Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI VII and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: First Supplemental Indenture (Southside Bancshares Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's its acceptance thereof authorizes and directs the Trustee on such holder's its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Nine West Group Inc /De)

Trustee to Effectuate Subordination. Each Holder of a Note Notes ----------------------------------- by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination as between such Holder and holders of Senior Indebtedness as provided in this Article VI XI and appoints the Trustee as such holder's its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Cybernet Internet Services International Inc)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's its acceptance thereof authorizes and directs the Trustee on such holder's its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 12 and appoints the Trustee as such holder's its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Metromedia Fiber Network Inc)

Trustee to Effectuate Subordination. Each Holder of a Note Debenture by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: First Supplemental Indenture (Ohio Edison Financing Trust Ii)

Trustee to Effectuate Subordination. Each Holder holder of a Note Debenture by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's attorney-in-in- fact for any and all such purposes.

Appears in 1 contract

Sources: Third Supplemental Indenture (Comed Financing Ii)

Trustee to Effectuate Subordination. Each Holder of a Note by such holderHolder's acceptance thereof authorizes and directs the Trustee on such holderHolder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holderHolder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Supplemental Indenture (Aol Time Warner Inc)

Trustee to Effectuate Subordination. Each Holder holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI XII and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Kranzco Realty Trust)

Trustee to Effectuate Subordination. Each Holder of a Note by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI 8 and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Supplemental Indenture (Sanmina-Sci Corp)

Trustee to Effectuate Subordination. Each Holder holder of a Note by such holder's its acceptance thereof authorizes and directs the Trustee on such holder's its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (GBC Bancorp)

Trustee to Effectuate Subordination. Each Holder of a Note Noteholder by such holder's its acceptance thereof authorizes and directs the Trustee on such holder's Noteholder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI III and appoints the Trustee as such holder's Noteholder’s attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Unibanco Union of Brazilian Banks Sa)

Trustee to Effectuate Subordination. Each Holder of a Note and each Beneficiary by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article VI and appoints the Trustee as such holder's his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Mego Mortgage Corp)