Common use of Trustee to Effectuate Subordination Clause in Contracts

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 72 contracts

Sources: Indenture (EnLink Midstream Partners, LP), Subordinated Indenture (Holly Energy Finance Corp.), Indenture (EnLink Midstream, LLC)

Trustee to Effectuate Subordination. Each Holder of Securities by accepting a Subordinated Debt Security his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness as provided in this Article XII Thirteen and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 19 contracts

Sources: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 16 contracts

Sources: Subordinated Indenture (Eplus Inc), Subordinated Indenture (Pioneer Energy Services Corp), Subordinated Indenture (Helix Energy Solutions Group Inc)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security and any related Guarantee authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII X and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 14 contracts

Sources: Subordinated Indenture (Pardril Inc), Subordinated Indenture (Jones Energy, Inc.), Subordinated Indenture (AMI 2, Inc.)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security such Holder's acceptance thereof authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 12 contracts

Sources: Indenture (Wells Fargo Capital Iv), Indenture (Wells Fargo & Co/Mn), Indenture (Indymac Capital Trust I)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Ten and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 5 contracts

Sources: Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc)

Trustee to Effectuate Subordination. Each Holder of Debt Securities by accepting a Subordinated Debt Security his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Sixteen and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Sources: Subordinated Debt Indenture (Scotts Miracle-Gro Co), Subordinated Debt Indenture (Bedford Property Investors Inc/Md), Indenture (Genesee & Wyoming Inc)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 11 and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Access Midstream Partners Lp), Indenture (Access Permian Midstream LLC), Indenture (Chesapeake MLP Operating LLC)

Trustee to Effectuate Subordination. Each Holder of Securities by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Twelve and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (COLORADO INTERSTATE ISSUING Corp), Indenture (COLORADO INTERSTATE ISSUING Corp), Indenture (Hillenbrand Industries Inc)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Texas Capital Bancshares Inc/Tx), Indenture (American Oil & Gas Inc), Indenture (ONEOK Partners LP)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article ARTICLE XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Subordinated Indenture (PNG Finance Corp.), Subordinated Indenture (MarkWest New Mexico LP), Subordinated Indenture (Eott Energy Operating Lp)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Eleven and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Chesapeake Energy Corp), Indenture (Chesapeake Energy Marketing Inc), Indenture (Mc Louisiana Minerals LLC)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Sources: Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California Inc)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 12 and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Subordinated Indenture (Kaneb Pipe Line Operating Partnership Lp), Indenture (Meridian Industrial Trust Inc)

Trustee to Effectuate Subordination. Each Holder of Debt Securities by accepting a Subordinated Debt Security his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Sixteen and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Subordinated Debt Indenture (Calgon Carbon Corporation), Subordinated Debt Indenture (MOB Corp)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Indenture (Spectra Energy Partners, LP), Indenture (Cloud Peak Energy Finance Corp.)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his or her acceptance thereof authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as his or her attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Sources: Subordinated Indenture (Financial Security Assurance Holdings LTD/Ny/), Subordinated Indenture (Financial Security Assurance Holdings LTD/Ny/)

Trustee to Effectuate Subordination. Each Holder by ------------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Chirex Inc)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the 56 Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Subordinated Indenture (Jonah Gas Gathering Co)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security such Holder’s acceptance thereof authorizes and directs the Trustee on his in such Holder’s behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Brickell Biotech, Inc.)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Fourteen and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Parker Hannifin Corp)

Trustee to Effectuate Subordination. Each Holder of Debt Securities by accepting a Subordinated Debt Security such Holder's acceptance thereof authorizes and directs the Trustee on his such Holder's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as such Holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Noram Financing Ii)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XVI and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Gulf Island Services, L.L.C.)

Trustee to Effectuate Subordination. Each Holder by ----------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Electronic Data Systems Corp /De/)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact his attorney for any and all such purposes.

Appears in 1 contract

Sources: Indenture (HSBC Holdings PLC)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Northern Border Partners Lp)

Trustee to Effectuate Subordination. Each Holder by ------------------------------------ accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Vintage Petroleum Capital I)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security such Holder's acceptance thereof authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.. 105

Appears in 1 contract

Sources: Indenture (Popular Inc)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 12 and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture Agreement (Lloyds TSB Bank PLC)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Seventeen and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Mercer International Inc.)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Bankamerica Corp/De/)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt 107 107 Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (H&r Block Inc)

Trustee to Effectuate Subordination. Each Holder by ----------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Subordinated Indenture (Plains All American Pipeline Lp)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (PVR Natural Gas Gathering LLC)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Seadrill Partners LLC)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Twelve and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Sources: Indenture (Royal Bank of Scotland Group PLC)