Common use of Effectuation of Subordination by Trustee Clause in Contracts

Effectuation of Subordination by Trustee. Each holder of Securities or Coupons, by his acceptance thereof, authorizes and 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 any and all such purposes.

Appears in 27 contracts

Samples: Indenture (Morgan Stanley Capital Trust XI), Indenture (E Trade Financial Corp), Morgan Stanley Capital Trust XI

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Effectuation of Subordination by Trustee. Each holder of Securities or CouponsSubordinated Securities, by his acceptance thereof, authorizes and directs the Trustee on in 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 any and all such purposes.

Appears in 7 contracts

Samples: Consolidated Edison Co of New York Inc, Indenture (Kansas City Power & Light Co), Consolidated Edison (Consolidated Edison Co of New York Inc)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his or her acceptance thereof, authorizes and directs the Trustee on in his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Fifteen and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 7 contracts

Samples: Subordinated Indenture (Southern First Bancshares Inc), Subordinated Indenture (Southern First Bancshares Inc), Entegra Financial Corp.

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and 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 any and all such purposes.

Appears in 4 contracts

Samples: Share Repurchase Agreement (American International Group Inc), Supplemental Indenture (AerCap Global Aviation Trust), Time Warner Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his or her acceptance thereof, authorizes and directs the Trustee on in his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Thirteen and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Samples: Subordinated Indenture (Union Bankshares Corp), BNC Bancorp, Eagle Bancorp Inc

Effectuation of Subordination by Trustee. Each holder Holder of Subordinated Debt Securities or and Coupons, if any, appertaining thereto by his acceptance thereof, thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Twelve and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Supplemental Indenture (PNC Funding Corp), Indenture (PNC Funding Corp), Bancorpsouth Inc

Effectuation of Subordination by Trustee. Each holder Holder of the Securities or Couponsof any series, by his acceptance thereof, authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 13 and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (Care Capital Properties, LP), Indenture (Ventas Realty Limited Partnership), Brookdale Living Communitites of New York-Gb, LLC

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Couponsthe Securities, by his acceptance thereof, authorizes and directs the Trustee on in 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 any and all such purposes.

Appears in 3 contracts

Samples: Worldcom Inc /Ga/, Pep Boys Manny Moe & Jack, Globalstar Capital Corp

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsBonds, by his acceptance thereof, authorizes and directs the Trustee on in his behalf (subject to Section 601) 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 any and all such purposes.

Appears in 3 contracts

Samples: Ilx Inc/Az/, Ilx Inc/Az/, Ilx Inc/Az/

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Coupons---------------------------------------- Securities, by his acceptance thereof, authorizes and directs the Trustee on in 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-in- fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Homestead Village Inc), Security Capital Group Inc/

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his or her acceptance thereof, authorizes and directs the Trustee on in his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XV and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Home Bancshares Inc), Indenture (Firstmerit Corp /Oh/)

Effectuation of Subordination by Trustee. Each holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and 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-in- fact for any and all such purposes.

Appears in 1 contract

Samples: Dillards Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate effect the subordination provided in this Article 11 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Key Energy Group Inc)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Couponsand the Guarantees endorsed thereon, by his acceptance thereof, authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Keystone Financial Mid Atlantic Funding Corp

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his or her acceptance thereof, authorizes and directs the Trustee on in his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: NBT Bancorp Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his its acceptance thereof, authorizes and directs the Trustee on his behalf its behalf, subject to the terms hereof, to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article V and appoints the Trustee his as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: First Supplemental Indenture (Western Alliance Bancorporation)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Coupons---------------------------------------- Securities, by his acceptance thereof, authorizes and directs the Trustee on his in his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his his, her or its attorney-in-fact fact, as the case may be, for any and all such purposes.

Appears in 1 contract

Samples: Indenture (C Cor Net Corp)

Effectuation of Subordination by Trustee. Each holder Holder ---------------------------------------- of Securities or Couponsthe Securities, by his acceptance thereof, authorizes and directs the Trustee on in 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 any and all such purposes.

Appears in 1 contract

Samples: Level 3 Communications Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsDebt Securities, by his 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 effectuate the subordination provided in this Article and appoints the Trustee his such Holder’s attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Perma-Pipe International Holdings, Inc.)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on in 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 Indebtedness, the subordination provided in this Article 10 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: American Real Estate Finance Corp.

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate effect the subordination 73 67 provided in this Article 11 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Key Energy Group Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on his in his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his his, her or its attorney-in-fact fact, as the case may be, for any and all such purposes.. DUKE ENERGY FIELD SERVICES, LLC SUBORDINATED INDENTURE - 65 -

Appears in 1 contract

Samples: Defs Capital Trust I

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Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 16 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Summit Bancorp/Nj/

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on in 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 Indebtedness, the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (TAL International Group, Inc.)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his or her acceptance thereof, authorizes and directs the Trustee on in his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 14 and appoints the Trustee his or her attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (FNB Corp/Fl/)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Coupons---------------------------------------- Securities, by his its acceptance thereof, authorizes and directs the Trustee on in 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-in- fact for any and all such purposes.

Appears in 1 contract

Samples: McLeodusa Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsDebt Securities, by his acceptance thereof, authorizes and directs the Trustee on in 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-attorney in fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Johnson Controls Inc)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or Coupons---------------------------------------- the Subordinated Securities, by his its acceptance thereof, authorizes and directs the Trustee on his in its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his its attorney-in-in- fact for any and all such purposes.

Appears in 1 contract

Samples: Subordinated Indenture (Exodus Communications Inc)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his such person’s acceptance thereof, authorizes and directs the Trustee on his such person’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his such person’s attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Bbva Compass Bancshares, Inc

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSubordinated Securities, by his its acceptance thereof, authorizes and directs the Trustee on his behalf its behalf, subject to the terms hereof, to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XV and appoints the Trustee his as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Franklin Financial Network Inc.

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on in 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-in- fact for any and all such purposes.

Appears in 1 contract

Samples: Wellpoint Health Networks Inc /Ca/

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSecurities, by his acceptance thereof, authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 14 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Fluor Corp)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSubordinated Securities, by his its acceptance thereof, authorizes and directs the Trustee on his behalf its behalf, subject to the terms hereof, to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 5 and appoints the Trustee his as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: First Supplemental Indenture (First Mid Bancshares, Inc.)

Effectuation of Subordination by Trustee. Each holder of Securities or Coupons, Holder by his its acceptance thereof, thereof authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate effect the subordination as provided in this Article and appoints the Trustee his as its attorney-in-fact for any and all such purposes. This appointment shall be irrevocable.

Appears in 1 contract

Samples: Indenture (Bp Capital Markets PLC)

Effectuation of Subordination by Trustee. Each holder Holder of Securities or CouponsSubordinated Securities, by his its acceptance thereof, authorizes and directs the Trustee on his behalf its behalf, subject to the terms hereof, to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 14 and appoints the Trustee his as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (First Busey Corp /Nv/)

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