Common use of Trustee May Take Action to Effectuate Subordination Clause in Contracts

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.

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.

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.

Trustee May Take Action to Effectuate Subordination. Each Holder of a Debenture, by his acceptance thereof, of the Securities 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 Holders, the subordination and the subrogation as provided in this Article 10 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureDebt Security, by his acceptance thereof, authorizes authorized and directs the Trustee on his behalf to take such action as may be required by the trustee, representative or agent for holders of Guarantor Senior Indebtedness or by the Company Guarantor to effectuate, as between the holders of Guarantor Senior Indebtedness and the Holders, the subordination as provided in this Article 10 Eighteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureSecurity, by his acceptance thereof, authorizes authorized and directs the Trustee on his behalf to take such action as may be required by the trustee, representative or agent for holders of Guarantor Senior Indebtedness or by the Company Guarantor to effectuate, as between the holders of Guarantor Senior Indebtedness and the Holders, the subordination as provided in this Article 10 Eighteen and appoints the Trustee his attorney-in-fact for any and all such purposes.. 102

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureSecurity, 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 Company Senior Indebtedness or by the Company to effectuate, as between the holders of Company Senior Indebtedness and the Holders, the subordination as provided in this Article 10 Seventeen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureTrust Debt Security, 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.

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureDebt Security, 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 Guarantor Senior Indebtedness or by the Company Guarantor to effectuate, as between the holders of Guarantor Senior Indebtedness and the Holders, the subordination as provided in this Article 10 Eighteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Trustee May Take Action to Effectuate Subordination. Each Holder of a DebentureSecurity, 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 Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

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.