Trustee May Take Action to Effectuate Subordination. Each Holder of a Debenture, by his acceptance thereof, authorizes and directs the Trustee on his behalf to take such action as may be required by the trustee, representative or agent for holders of Senior Indebtedness or by the Company to effectuate, as between the holders of Senior Indebtedness and the Holders, the subordination as provided in this Article 10 and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 18 contracts
Samples: Indenture (Radio One Licenses LLC), Pseg Funding Trust Ii, New York Community Bancorp Inc
Trustee May Take Action to Effectuate Subordination. Each Holder of a Debenture, 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 required by the trustee, representative or agent for holders of Senior Indebtedness or by the Company to effectuate, as between the holders of Senior Indebtedness and the Holders, the subordination as provided in this Article 10 and appoints the Trustee his such Holder's attorney-in-fact for any and all such purposes.
Appears in 9 contracts
Samples: Junior Indenture (Heco Capital Trust I), Hawaiian Electric Co Inc, Heco Capital Trust Ii
Trustee May Take Action to Effectuate Subordination. Each Holder of a Debenture, 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 required by the trustee, representative or agent for holders of Senior Indebtedness or by the Company to effectuate, as between the holders of Senior Indebtedness and the Holders, the subordination as provided in this Article 10 and appoints the Trustee his such Holder’s attorney-in-fact for any and all such purposes.
Appears in 5 contracts
Samples: Junior Indenture (Hawaiian Electric Co Inc), Junior Indenture (Maui Electric Co LTD), Junior Indenture (Hawaiian Electric Co Inc)
Trustee May Take Action to Effectuate Subordination. Each Holder of a Debenture, by his acceptance thereof, thereof authorizes and directs the Trustee on his behalf to take such action as may be required by the trustee, representative necessary or agent for holders of Senior Indebtedness or by the Company appropriate to effectuate, as between the holders of Senior Indebtedness and the such Holders, the subordination as provided in this Article 10 and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Peco Energy Co
