Common use of Appoint Receiver Clause in Contracts

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver.

Appears in 7 contracts

Samples: ParcelPal Logistics Inc., Applied UV, Inc., Applied UV, Inc.

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Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents Rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the ObligationsIndebtedness. The receiver may serve without bond if permitted by law. Xxxxxx’s Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations Indebtedness by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 6 contracts

Samples: Security Agreement (HealthWarehouse.com, Inc.), Commercial Security Agreement (Terry Benjamin Scott), Security Agreement (Heron Lake BioEnergy, LLC)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s 's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver.

Appears in 6 contracts

Samples: Security Agreement (Sky Quarry Inc.), Security Agreement (Sky Quarry Inc.), Security Agreement (Sky Quarry Inc.)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. XxxxxxLxxxxx’s right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx Lxxxxx shall not disqualify a person from serving as a receiver.

Appears in 4 contracts

Samples: American Rebel Holdings Inc, American Rebel Holdings Inc, American Rebel Holdings Inc

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents Rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the ObligationsIndebtedness. The receiver may serve without bond if permitted by law. XxxxxxLender’s right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations Indebtedness by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 4 contracts

Samples: Security Agreement (CarePayment Technologies, Inc.), Commercial Security Agreement (Microhelix Inc), Commercial Security Agreement (Synergetics Usa Inc)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s Lxxxxx's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx Lxxxxx shall not disqualify a person from serving as a receiver.

Appears in 2 contracts

Samples: PishPosh, Inc., PishPosh, Inc.

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations amount owed by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Applied Minerals, Inc.), Loan and Security Agreement (Epazz Inc)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s 's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver. This provision and remedy may be specifically enforced or secured by other equitable relief as acknowledged in section K and be available to Lender should an Event of Default occur.

Appears in 1 contract

Samples: Security Agreement (Sky Quarry Inc.)

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Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Security Agreement (Vapor Hub International Inc.)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents Leases and Rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the ObligationsIndebtedness. The receiver may serve without bond if permitted by law. XxxxxxLender’s right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations Indebtedness by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or salesate, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.,

Appears in 1 contract

Samples: Security Agreement (Vapor Hub International Inc.)

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Lender Collateral, with the power to protect and preserve the Lender Collateral, to operate the Lender Collateral preceding foreclosure or sale, and to collect the rents from the Lender Collateral and apply the proceeds, over and above the cost of the receivership, against the Obligations. The receiver may serve without bond if permitted by law. Xxxxxx’s right to the appointment of a receiver shall exist whether or not the apparent value of the Lender Collateral exceeds the Obligations by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Aditxt, Inc.

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the ObligationsIndebtedness. The receiver may serve without bond if permitted by law. Xxxxxx’s 's right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Obligations Indebtedness by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Security Agreement (Arts Way Manufacturing Co Inc)

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