Effectuation of Subordination by Trustee. Each Holder of Notes, by such Holder's acceptance thereof, authorizes and directs the Trustee in such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Twelve and appoints the Trustee such Holder's attorney-in-fact for any and all such purposes.
Appears in 5 contracts
Samples: Indenture (PDS Financial Corp), Article Eleven Mandatory (PDS Gaming Corp), Article Eleven Mandatory (PDS Financial Corp)
Effectuation of Subordination by Trustee. Each Holder of Notes, by such Holder's acceptance thereof, authorizes and directs the Trustee in such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Twelve Thirteen and appoints the Trustee such Holder's attorney-in-fact for any and all such purposes.
Appears in 4 contracts
Samples: Indenture (Onyx Acceptance Corp), Indenture (Onyx Acceptance Corp), Onyx Acceptance Corp
Effectuation of Subordination by Trustee. Each Holder of Notes, by such Holder's acceptance thereof, authorizes and directs the Trustee in such Holder's on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Twelve 11 and appoints the Trustee such Holder's his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Lomak Petroleum Inc
Effectuation of Subordination by Trustee. Each Holder of Notes, by such Holder's acceptance thereof, authorizes and directs the Trustee in such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Twelve and appoints the Trustee such Holder's attorney-in-fact for any and all such purposes.. -62-
Appears in 1 contract
Effectuation of Subordination by Trustee. Each Holder of NotesDebentures, by such Holder's acceptance thereof, authorizes and directs the Trustee in such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Twelve Fourteen and appoints the Trustee such Holder's attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Indenture (Paper Warehouse Inc)