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 72 contracts

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

AutoNDA by SimpleDocs

Trustee to Effectuate Subordination. Each Holder of Securities by accepting a Subordinated Debt Security 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 as between the Holders of Subordinated Debt Securities such Holder and the holders of Senior Indebtedness as provided in this Article XII Thirteen and appoints the Trustee as its attorney-in-fact for any and all such purposes.

Appears in 19 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

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 (Pioneer Energy Services Corp), Subordinated Indenture (Helix Energy Solutions Group Inc)

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: Subordinated Indenture (Pardril Inc), Subordinated Indenture (Jones Energy, Inc.), Subordinated Indenture (AMI 2, 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 Ten and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 5 contracts

Samples: Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc)

Trustee to Effectuate Subordination. Each Holder of Debt Securities by accepting a Subordinated Debt Security 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 Sixteen and appoints the Trustee as his attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Samples: Subordinated Debt Indenture (Scotts Miracle-Gro Co), Subordinated Debt Indenture (Bedford Property Investors Inc/Md), Indenture (Genesee & Wyoming 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: Indenture (Chesapeake Energy Corp), Indenture (Chesapeake Energy Marketing Inc), Indenture (Mc Louisiana Minerals 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 XII XIII and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

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

Trustee to Effectuate Subordination. Each 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 of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII Twelve and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (COLORADO INTERSTATE ISSUING Corp), Indenture (COLORADO INTERSTATE ISSUING Corp), Indenture (Hillenbrand Industries Inc)

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: Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California Inc), Indenture (Warren Resources of California 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 11 and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (Access Midstream Partners Lp), Indenture (Access Permian Midstream LLC), Indenture (Chesapeake MLP Operating 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 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: Subordinated Indenture (PNG Finance Corp.), Subordinated Indenture (MarkWest New Mexico LP), Subordinated Indenture (Eott Energy Operating Lp)

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

Trustee to Effectuate Subordination. Each Holder of Debt Securities by accepting a Subordinated Debt Security 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 Sixteen and appoints the Trustee as his attorney-β€”in-β€”fact for any and all such purposes.

Appears in 2 contracts

Samples: Subordinated Debt Indenture (Calgon Carbon Corporation), Subordinated Debt Indenture (MOB Corp)

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 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: Indenture (Meridian Industrial Trust Inc), Subordinated Indenture (Kaneb Pipe Line Operating Partnership Lp)

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: Indenture (H&r Block Inc)

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 Fourteen and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Parker Hannifin Corp)

Trustee to Effectuate Subordination. Each Holder Subordinated Creditor by accepting a Subordinated Debt Security Note 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 Noteholders and the holders of Designated Senior Indebtedness Debt of any Subordinated Subsidiary Guarantor as provided in this Article XII Eleven and appoints the Trustee as attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Bellingham II Associates, 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)

AutoNDA by SimpleDocs

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 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: Indenture (Chirex 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 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: Indenture (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: Indenture (Vintage Petroleum Capital I)

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 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 1 contract

Samples: Subordinated Indenture (Jonah Gas Gathering Co)

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: Indenture (Mercer International 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: Indenture (PVR Natural Gas Gathering LLC)

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: Subordinated Indenture (Plains All American Pipeline 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: Indenture Agreement (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: Indenture (Electronic Data Systems Corp /De/)

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!