Authorization of Trustee to Effectuate Subordination of Securities. Each Holder of a Security, by his acceptance 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.
Appears in 4 contracts
Samples: Indenture (Newmont Mining Corp), Indenture (Newmont Usa LTD), Indenture (Newmont Mining Corp /De/)
Authorization of Trustee to Effectuate Subordination of Securities. Each Holder of a Security, by his acceptance thereof, authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the Holders of the Securities and the holders of Senior Debt of the Company, the subordination provided in this ArticleArticle and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Indenture (Dain Rauscher Corp)
Authorization of Trustee to Effectuate Subordination of Securities. Each Holder of a Security, by his such Holder's acceptance thereof, authorizes and expressly directs the Trustee on his such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination and payment provided in this ArticleArticle and appoints the Trustee such Holder's attorney-in-fact for any and all such purposes.
Appears in 1 contract
