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 Indebtedness or as the court may direct. 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 Indebtedness by a substantial amount. Employment by Xxxxxx shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Aircraft Security Agreement (Air T 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 or pending 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 Indebtedness or as the court may directIndebtedness. 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 Indebtedness 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 (Telanetix,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 Indebtedness or as the court may direct. 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 Indebtedness by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Aircraft Security Agreement (Air T 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 payments, rents, income and revenues from the Collateral and apply the such proceeds, over and above the cost of the receivership, against the Indebtedness Obligations or as the court may direct. 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 Indebtedness Obligations by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver.

Appears in 1 contract

Samples: Loan and Security Agreement (Primoris Services Corp)

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 Indebtedness or as the court may directIndebtedness. 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 Indebtedness 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 (Applied Optoelectronics, 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 Indebtedness or as the court may direct. 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 Indebtedness by a substantial amount. Employment by Xxxxxx Lender shall not disqualify a person from serving as a receiver. Loan No.: 20007961462 TRUSTEE AIRCRAFT SECURITY AGREEMENT Page 11 (Continued)

Appears in 1 contract

Samples: Trustee Aircraft Security Agreement (Air T 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 Indebtedness or as the court may directIndebtedness. 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 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/)

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