Voting/Classification Matters Sample Clauses

Voting/Classification Matters. The Subordinate Creditor acknowledges and agrees that there is no commonality of interest between the Senior Obligations and the Subordinate Obligations and it will not take any steps to have the Subordinate Obligations classified in the same creditor class as the Senior Obligations in any Insolvency or Liquidation Proceeding. In any Insolvency or Liquidation Proceeding in respect of any Grantor, the Subordinate Creditor hereby agrees that the Senior Creditors will have and are hereby granted the authority to and power of attorney to vote any claims that the Subordinate Creditor has against any of the Grantors in respect of the Subordinate Obligations as the Senior Creditors determine in their sole discretion.