Common use of Authorization to Effect Subordination Clause in Contracts

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 3 contracts

Samples: Reimbursement Agreement (Maxtor Corp), Quantum Corp /De/, Quantum Corp /De/

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Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 15 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 3 contracts

Samples: Willbros Group Inc, Black Hills Corp /Sd/, Black Hills Holding Corp

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Samples: Ddi Corp, Ddi Corp

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen Thirteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness of the Issuer or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Samples: Indenture (Wind River Systems Inc), Atmel Corp

Authorization to Effect Subordination. Each Holder holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 16 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in the third paragraph of Section 503 5.02 hereof at least 30 thirty (30) days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders holders of the Securities.

Appears in 2 contracts

Samples: Indenture (Commscope Inc), Andrew Corp

Authorization to Effect Subordination. Each Holder of a Security Securities, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen Thirteen, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.4 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Debt are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Samples: Cihc Inc, Cihc Inc

Authorization to Effect Subordination. Each Holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 15 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Samples: Indenture (Solectron Corp), Indenture (Solectron Corp)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 10 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 6.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 2 contracts

Samples: Indenture (Atmel Corp), Indenture (Atmel Corp)

Authorization to Effect Subordination. Each Holder of a Security Debenture by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen Thirteen, and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt Indebtedness in the form required in any proceeding referred to in Section 503 504 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are Discount Debentures Trustee is hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesDebentures.

Appears in 1 contract

Samples: Indenture (Liberty Group Publishing Inc)

Authorization to Effect Subordination. Each Holder of a Security and any related Guarantee by the Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof 6.3 at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesSecurities and any related Guarantee.

Appears in 1 contract

Samples: Daron Coal Company, LLC

Authorization to Effect Subordination. Each Holder holder of a Security by the Holder's acceptance thereof Security, whether upon original issue or upon transfer, assignment or exchange thereof, authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen IV and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof 6.9 of the Indenture at least 30 thirty (30) days before the expiration of the time to file such claim, the holders of any Parent Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders holders of the Securities.

Appears in 1 contract

Samples: First Supplemental Indenture (Scios Inc)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 15 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Cypress Semiconductor Corp /De/

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen Twelve and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Indenture (Tyco International LTD /Ber/)

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen Fourteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Cymer Inc

Authorization to Effect Subordination. Each Holder of a Security by the Holder's ’s acceptance thereof authorizes and directs the Trustee on the Holder's ’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 15 and appoints the Trustee to act as the Holder's ’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Indenture (Chapman Construction Co., L.P.)

Authorization to Effect Subordination. Each Holder of a Security Notes, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 10, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 6.09 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness Debt of the Company or their representatives Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesNotes.

Appears in 1 contract

Samples: Pca Valdosta Corp

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen XI, and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 SECTION 6.9 hereof at least 30 days before the expiration of the time to file such claim, the holders Holders of any Senior Secured Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Indenture (Medis Technologies LTD)

Authorization to Effect Subordination. Each Holder of a Security Securityholder, by the Holder's acceptance thereof thereof, authorizes and directs the Trustee on the such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 5, and appoints the Trustee to act as the such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 8.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Designated Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the SecuritiesSecurityholders.

Appears in 1 contract

Samples: Cubist Pharmaceuticals Inc

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 4.2 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Guarantor Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

Authorization to Effect Subordination. Each Holder of a Security by the Holder's acceptance thereof authorizes and directs the Trustee on the Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 5 and appoints the Trustee to act as the Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 8.9 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Emulex Corp /De/

Authorization to Effect Subordination. Each Holder of a Security by the Holderholder's acceptance thereof authorizes and directs the Trustee on the Holderholder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article Fifteen 15 and appoints the Trustee to act as the Holderholder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 503 5.3 hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

Appears in 1 contract

Samples: Waddell & Reed Capital Trust I

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