Appointment of Receiver definition

Appointment of Receiver without regard to: (i) the adequacy of the security for the obligations by virtue of this Security Agreement or (ii) the solvency of the Pledgor, seek the appointment of a receiver or receivers to take possession of any or all of the Collateral, with the power to preserve, protect, and operate the Collateral preceding foreclosure or sale and apply the proceeds, over and above the cost of the receivership, against the Obligations, The receiver or receivers may serve without bond if permitted by law.
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Appointment of Receiver. At any time:
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Examples of Appointment of Receiver in a sentence

  • None of the covenants in this Clause 14 (Appointment of Receiver) shall be construed as limiting any powers exercisable by any Receiver under this Debenture.

  • Voluntary Bankruptcy; Appointment of Receiver, etc 57 Section 7.08.

  • The powers of appointment of a Receiver pursuant to Clause 19.1 (Appointment of Receiver) above shall be in addition to all statutory and other powers of appointment of the Lender under the LPA (as extended by this Deed), the Insolvency Act or otherwise and such powers shall remain exercisable from time to time by the Lender in respect of any part of the Security Assets and shall be exercisable without the restrictions contained in sections 103 and 109 of the LPA or otherwise.

  • Involuntary Bankruptcy; Appointment of Receiver, etc 57 Section 7.07.

  • Appointment of Receiver or Administrator .................................................................

  • Every Receiver appointed in accordance with Clause 9.1 (Appointment of Receiver) shall have and be entitled, subject to the terms of the Option Agreement, to exercise all of the powers of the Mortgagee conferred by Clause 8.2 (Powers) in addition to the powers conferred by applicable law on any receiver.

  • In the event Secured Party elects not to sell the Collateral, Secured Party may elect to follow the procedures set forth in the Uniform Commercial Code for retaining the Collateral in satisfaction of the Company’s obligation, subject to the Company’s rights under such procedures.(vii) Appointment of Receiver.

  • Also On November 16, 2000, Plaintiffs filed their Reply Memorandum of Points and Authorities Re Appointment of Receiver in the state court.

  • EVENTS OF DEFAULT 127 8.1 Failure to Make Payments When Due 127 8.2 Default in Other Agreements 127 8.3 Breach of Certain Covenants 127 8.4 Breach of Warranty 128 8.5 Other Defaults Under Loan Documents 128 8.6 Involuntary Bankruptcy; Appointment of Receiver, etc.

  • Appointment of Receiver or Trustee.........................88 SECTION 9.09.

Related to Appointment of Receiver

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • Serviced Appointment has the meaning set forth in Section 1.1.

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Receiver means a receiver or receiver and manager or administrative receiver of the whole or any part of the Charged Property.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • Liquidator has the meaning set forth in Section 13.2.A hereof.

  • Bankruptcy Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.

  • Official Receiver means the Official Assignee appointed under the Bankruptcy Act (Cap. 20) and includes the deputy of any such Official Assignee and any person appointed as Assistant Official Assignee;

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Curator means any person who is authorized to act under letters of curatorship granted or signed and sealed by a Master, or under an endorsement made under section seventy-two;

  • Notice of Removal means a notice, under clause 17.4.5, from an Association to a Nominated Person Removing the Nominated Person.

  • Appointment Expiration Time has the meaning set forth in Section 3.7.

  • appointor means in relation to an alternate Director, the Director who appointed the alternate to act as his alternate;

  • Successor Servicer has the meaning specified in Section 3.07(e).