Effectuation of Subordination by Trustee. Each Holder of Debt Securities, by his acceptance thereof, authorizes and directs the Trustee in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any all such purposes.
Appears in 4 contracts
Samples: Indenture (Bre Properties Inc /Md/), Indenture (Bre Properties Inc /Md/), Indenture (Bre Properties Inc /Md/)
Effectuation of Subordination by Trustee. Each Holder of Debt Securities, by his acceptance thereof, authorizes and directs the Trustee in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 2 contracts
Samples: Indenture (Developers Diversified Realty Corp), Indenture (Developers Diversified Realty Corp)
Effectuation of Subordination by Trustee. Each Holder of Debt Subordinated Securities, by his his, her or its acceptance thereof, authorizes and directs the Trustee in his his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his his, her or its attorney-in-fact fact, as the case may be, for any and all such purposes.
Appears in 2 contracts
Samples: Indenture (Maverick Tube Corporation), Maverick Tube Corporation
Effectuation of Subordination by Trustee. Each Holder of Debt Securities, by his acceptance thereof, authorizes and directs the Trustee in on his behalf to take such action at the request of the Company as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Indenture (Levitt Corp)
Effectuation of Subordination by Trustee. Each Holder holder of Debt Securities, by his acceptance thereof, authorizes and directs the Trustee in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XIII and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Colonial Bancgroup Inc
Effectuation of Subordination by Trustee. Each Holder of Debt Securities, by his acceptance thereof, authorizes and directs the Trustee in his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Seventeen and appoints the Trustee his attorney-in-fact for any and all such purposes.
Appears in 1 contract
Samples: Old Kent Financial Corp /Mi/
