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

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