Common use of Trustee to Effectuate Subordination Clause in Contracts

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 71 contracts

Samples: Indenture (EnLink Midstream Partners, LP), Indenture (EnLink Midstream, LLC), Holly Energy Finance Corp.

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Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 16 contracts

Samples: Subordinated Indenture (Eplus Inc), Subordinated Indenture (Helix Energy Solutions Group Inc), Subordinated Indenture (Enbridge Pipelines (Texas Gathering) L.P.)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security and any related Guarantee authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII X and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 14 contracts

Samples: Indenture (Jones Energy, Inc.), Indenture (AMI 2, Inc.), Indenture (Jones Energy Holdings, LLC)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security such Holder's acceptance thereof authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 12 contracts

Samples: Indenture (Sovereign Capital Trust Iv), Indenture (Indymac Capital Trust I), Indenture (Wells Fargo & Co/Mn)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Ten and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Samples: Zion Oil & Gas Inc, Zion Oil & Gas Inc, Orgenesis Inc.

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Eleven and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Chesapeake Energy Corp, Chesapeake Energy Marketing Inc, Mc Louisiana Minerals LLC

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security Security, by its acceptance thereof, authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 11 and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (Chesapeake MLP Operating LLC), Access Midstream Partners Lp, Access Permian Midstream LLC

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article ARTICLE XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (American Oil & Gas Inc), Indenture (ONEOK Partners LP), Texas Capital Bancshares Inc/Tx

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: PNG Finance Corp., MarkWest New Mexico LP, Eott Energy Operating Lp

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Warren Resources (Warren Resources of California Inc), Warren Resources (Warren Resources of California Inc), Warren Resources of California Inc

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his or her acceptance thereof authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as his or her attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Financial Security Assurance Holdings LTD/Ny/), Financial Security Assurance Holdings LTD/Ny/

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the 56 Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Spectra Energy Partners, LP), Jonah Gas Gathering Co

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Spectra Energy Partners, LP), Indenture (Cloud Peak Energy Finance Corp.)

Trustee to Effectuate Subordination. Each Holder holder of Securities by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Fourteen and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Debt Indenture (General Electric Capital Corp), General Electric Capital Corp

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 12 and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Meridian Industrial Trust Inc, Kaneb Pipe Line Operating Partnership Lp

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII 12 and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Lloyds TSB Bank PLC

Trustee to Effectuate Subordination. Each Holder by ------------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Chirex Inc

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: PVR Natural Gas Gathering LLC

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Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security such Holder’s acceptance thereof authorizes and directs the Trustee on his in such Holder’s behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Brickell Biotech, Inc.

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XVI and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Gulf Island Services, L.L.C.)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIV and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Seadrill Partners LLC)

Trustee to Effectuate Subordination. Each Holder of Debt Securities or coupons by accepting a Subordinated Debt Security his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness Debt as provided in this Article XII and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Bankamerica Corp/De/)

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt 107 107 Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: H&r Block Inc

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Twelve and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Royal Bank of Scotland Group PLC)

Trustee to Effectuate Subordination. Each Holder by accepting of a Subordinated Debt Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between of the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact his attorney for any and all such purposes.

Appears in 1 contract

Samples: Indenture (HSBC Holdings PLC)

Trustee to Effectuate Subordination. Each Holder by ----------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Northern Border Partners Lp

Trustee to Effectuate Subordination. Each Holder by ------------------------------------ accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Vintage Petroleum Capital I

Trustee to Effectuate Subordination. Each Holder by ----------------------------------- accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

Trustee to Effectuate Subordination. Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Seventeen and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Mercer International Inc.

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