Common use of Trustee to Effectuate Subordination Clause in Contracts

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 77 contracts

Samples: Indenture (1st Source Corp), Indenture (Private Bancorp Capital Trust I), Indenture (Mbhi Capital Trust I)

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Trustee to Effectuate Subordination. Each holder Holder of Debentures a Debenture by such holderHolder's acceptance thereof authorizes and directs the Trustee on such holderHolder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holderHolder's attorney-in-fact for any and all such purposes.

Appears in 12 contracts

Samples: Indenture (Sun Healthcare Group Inc), Indenture (For Subordinated Debt Securities) (Devon Financing Trust Ii), Indenture (Capital Trust Inc)

Trustee to Effectuate Subordination. Each holder Holder of Debentures a Debenture by such holder's his or her acceptance thereof authorizes and directs the Trustee on such holder's his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's his or her attorney-in-fact for any and all such purposes.

Appears in 12 contracts

Samples: Junior Convertible Subordinated Indenture (Newell Financial Trust I), Junior Convertible Subordinated Indenture (Newfield Exploration Co /De/), Merger Agreement (Ilm Ii Senior Living Inc /Va)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI XVII and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 6 contracts

Samples: Debenture Indenture (Americredit Capital Trust I), Indenture (Greater Atlantic Financial Corp), Indenture (Southside Capital Trust Ii)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's ’s acceptance thereof authorizes and directs the Trustee on such holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's ’s attorney-in-fact for any and all such purposes.

Appears in 6 contracts

Samples: Indenture (Capitol Bancorp LTD), Indenture (Independent Bank Corp /Mi/), Indenture (First Financial Capital Trust II)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be the Company advises the Trustee in writing is necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 6 contracts

Samples: Indenture (BCSB Bankcorp Inc), Indenture (Mountainbank Financial Corp), Indenture (Florida Banks Inc)

Trustee to Effectuate Subordination. Each holder Holder of Debentures a Debenture by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI VI and appoints the Trustee as such holder's attorney-in-fact for any and all such purposes.

Appears in 4 contracts

Samples: First Supplemental Indenture (Circus Finance Ii), First Supplemental Indenture (Circus Finance Ii), First Supplemental Indenture (Circus Finance Ii)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI XIII and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (First Merchants Capital Trust I), Indenture (First Merchants Corp), Indenture (First Merchants Corp)

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Trustee to Effectuate Subordination. Each holder Holder of Debentures a Debenture by such holder's his acceptance thereof authorizes and directs the Trustee on such holder's his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: First Supplemental Indenture (Healthcare Realty Trust Inc), First Supplemental Indenture (Capstone Capital Corp)

Trustee to Effectuate Subordination. Each holder Holder of Debentures a Debenture by such holder's his or her acceptance thereof authorizes and directs the Trustee on such holder's his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination provided in this Article XVI XIII and appoints the Trustee such holder's his or her attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Txi Capital Trust I)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take tale such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (American Bancorporation Capital Trust I)

Trustee to Effectuate Subordination. Each holder of Debentures by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XVI and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Southside Capital Trust I)

Trustee to Effectuate Subordination. Each holder of Debentures a Debenture by such holder's acceptance thereof authorizes and directs the Trustee on such holder's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination provided in this Article XVI XVII and appoints the Trustee such holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (MortgageIT Holdings, Inc.)

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