Common use of Authorization of Holders to Trustee to Effect Subordination Clause in Contracts

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 27 contracts

Samples: Indenture (GSV Capital Corp.), Indenture (FIDUS INVESTMENT Corp), Indenture (Prospect Capital Corp)

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Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 15 contracts

Samples: Indenture (Deere & Co), Indenture (Hub International LTD), Indenture (Deere & Co)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen XVI and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 8 contracts

Samples: CION Investment Corp, FS KKR Capital Corp. II, Apollo Debt Solutions BDC

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Securities, by his the Holder’s acceptance thereof thereof, authorizes and directs the Trustee on his such Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his to act as such Holder’s attorney-in-fact for any and all such purposes.

Appears in 8 contracts

Samples: Indenture (Salant Corp), Indenture (Winnsboro DC, LLC), Indenture (Federated National Holding Co)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs direct the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 7 contracts

Samples: Supplemental Indenture (American Medical Systems Europe B.V.), Supplemental Indenture (Boston Scientific Corp), Indenture (BSC Capital Trust Iii)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Seventeen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Reconciliation And (CBS Operations Inc.), CBS Operations Inc., Viacom International Inc /De/

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof thereof, whether upon original issue or upon transfer or assignment, authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Fourteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Reconciliation And (Nabors Industries Inc), Reconciliation And (Nabors Industries Inc), Reconciliation And (Nabors Industries LTD)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Security by his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Fourteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 3 contracts

Samples: Indenture (Waste Connections Inc/De), Indenture (Fleet Capital Trust Ix), J P Morgan Chase & Co

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen XIII and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Beverly Enterprises Inc, Beverly Enterprises Inc

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Security by his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Fourteen and appoints the Trustee his attorney-in-fact for any and all such purposes. SECTION 14.06.

Appears in 2 contracts

Samples: Indenture (First Chicago NBD Corp), Indenture (First Chicago NBD Corp)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Notes by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Thirteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: KDW Draft (Westbridge Capital Corp), Indenture (Iat Multimedia Inc)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Securities, by his such Holder's acceptance thereof thereof, authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the Holders of the Securities and the holders of Senior Debt, the subordination as provided in this Article Sixteen Thirteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 2 contracts

Samples: Indenture (Olympic Financial LTD), Olympic Financial LTD

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Security by his acceptance thereof authorizes and directs the Trustee on 113 101 in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Fourteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Banc One Corp /Oh/)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Debt Securities (or of any Coupons) by his acceptance thereof and any Paying Agent (other than the Company) authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (United Companies Financial Corp)

Authorization of Holders to Trustee to Effect Subordination. Each Holder holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee and any paying agent on his such holder's behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the holders of the Securities and the holders of Senior Indebtedness, the subordination as provided in this Article Sixteen Section and appoints the Trustee and any paying agent his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Chubb Capital Trust Iii

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Securities, by his such Holder's acceptance thereof thereof, authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the Holders of the Securities and the holders of Senior Debt, the subordination as provided in this Article Sixteen 13 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Uhc Capital I

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Fifteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (ONE Gas, Inc.)

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Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Note by his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen 11 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Citizens Banking Corp)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Security by his acceptance thereof authorizes and directs the Trustee on in his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Commerce Bancorp Inc /Nj/)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities a Security, by his its acceptance thereof thereof, irrevocably authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen XIII and appoints the Trustee his its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Group Maintenance America Corp

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Securities, by his such Holder's acceptance thereof thereof, authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the Holders of the Securities and the holders of Senior Debt, the subordination as provided in this Article Sixteen 13 and appoints the Trustee his such Holder's attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Benchmark Electronics Inc

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Securities, by his such Holder's acceptance thereof thereof, authorizes and directs the Trustee on his in such Holder's behalf to take such action as may be necessary or appropriate to effectuate effectuate, as between the Holders of the Securities and the holders of Senior Debt, the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-fact for any and all such purposes.provided

Appears in 1 contract

Samples: Amresco Inc

Authorization of Holders to Trustee to Effect Subordination. Each Holder holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen XIV and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (ICO Global Communications (Holdings) LTD)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Eighteen and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Satisfaction and Discharge (Quest Diagnostics Clinical Laboratories Inc /De/)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen or in an applicable prospectus supplement pursuant to Section 301 and appoints the Trustee his attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (Teekay Shipping Corp)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his attorney-in-in- fact for any and all such purposes.

Appears in 1 contract

Samples: Bay View Capital Corp

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities Notes by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen Thirteen and appoints the Trustee his attorney-in-fact for any and all such purposes.. 77

Appears in 1 contract

Samples: Indenture (Iat Multimedia Inc)

Authorization of Holders to Trustee to Effect Subordination. Each Holder of Subordinated Securities by his its acceptance thereof authorizes and directs the Trustee on his its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Sixteen and appoints the Trustee his its attorney-in-fact for any and all such purposes.

Appears in 1 contract

Samples: Indenture (United Natural Foods Inc)

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