Appointment and Removal. After this Charge becomes enforceable in accordance with Clause 8 (Security Enforcement), the Secured Party may by writing or otherwise, without prior notice to the Chargor: (a) appoint one or more persons to be a Receiver of the whole or any part of the Charged Portfolio; (b) appoint one or more Receivers of separate parts of the Charged Portfolio respectively; (c) remove (so far as it is lawfully able) any Receiver so appointed; and (d) appoint another person(s) as an additional or replacement Receiver(s).
Appears in 4 contracts
Samples: Shares Purchase Agreement (MIE Holdings Corp), First Amendment and Restatement Agreement (MIE Holdings Corp), Series a Preferred Shares Subscription and Put Option Agreement (MIE Holdings Corp)
