Appointment of Receiver or Trustee. Borrowers hereby irrevocably agree that Bank, has the right under this Agreement, upon the occurrence of an Event of Default, to seek the appointment of a receiver, trustee or similar official over Borrowers to effect the transactions contemplated by this Agreement, and that Bank is entitled to seek such relief. Borrowers hereby irrevocably agree not to object to such appointment on any grounds.
Appointment of Receiver or Trustee. In connection with the exercise of Secured Party’s rights under this Agreement or any other Loan Document, Secured Party may, if an Event of Default exists, obtain the appointment of a receiver or trustee to assume, upon receipt of any necessary judicial or other Governmental Authority consents or approvals, control of or ownership of any Collateral. Such receiver or trustee shall have all rights and powers provided to it by Law or by court order or provided to Secured Party under this Agreement or any other Loan Document. Upon the appointment of such trustee or receiver, Grantor shall cooperate, to the extent necessary or appropriate, in the expeditious preparation, execution, and filing of an application to any Governmental Authority or for consent to the transfer of control or assignment of such Collateral to the receiver or trustee. To the extent required by applicable Law, Secured Party shall provide to Grantor notice of the request for or appointment of such receiver or trustee.
Appointment of Receiver or Trustee. In connection with the exercise of its remedies under this Agreement, the Agent or the Collateral Agent may, upon the occurrence of an Event of Default, obtain the appointment of a receiver or trustee to assume, upon receipt of all necessary judicial, FCC, any PUC or other Governmental Authority consents or approvals, control of or ownership of any of the Governmental Approvals. Such receiver or trustee shall have all rights and powers provided to it by law or by court order or provided to the Agent or the Collateral Agent under this Agreement. Upon the appointment of such trustee or receiver, the Borrowers agree to cooperate, to the extent necessary or appropriate, in the expeditious preparation, execution and filing of an application to the FCC, any PUC or any other Governmental Authority or for consent to the transfer of control or assignment of any Borrower's Governmental Approvals to the receiver or trustee.
Appointment of Receiver or Trustee. In connection with the exercise of Secured Parties' rights under this Agreement or any other Loan Document, Administrative Agent may, if an Event of Default exists resulting in the acceleration of any of the Secured Obligations or following any Loan Party's failure to pay any of the Secured Obligations at maturity, obtain the appointment of a receiver or trustee to assume, upon receipt of all necessary judicial or other Governmental Authority consents or approvals, control of or ownership of any Permits. Such receiver or trustee shall have all rights and powers provided to it by Law or by court order or provided to Administrative Agent under this Agreement or any other Loan Document. Upon the appointment of such trustee or receiver, each Grantor shall cooperate, to the extent necessary or appropriate, in the expeditious preparation, execution, and filing of an application to any Governmental Authority or for consent to the transfer of control or assignment of each Grantor's Permits to the receiver or trustee.
Appointment of Receiver or Trustee. Borrower hereby irrevocably agrees that Lender has the right under this Agreement, upon the occurrence of an Event of Default, to seek the appointment of a receiver, trustee or similar official over Borrower to effect the transactions contemplated by this Agreement, and that Lender is entitled to seek such relief. Borrower hereby irrevocably agrees not to object to such appointment on any grounds.
Appointment of Receiver or Trustee. Borrowers hereby irrevocably agree that Agent, for the ratable benefit of Lenders, has the right under this Agreement, upon the occurrence of an Event of Default, to seek the appointment of a receiver, trustee or similar official over Borrowers to effect the transactions contemplated by this Agreement, and that Agent is entitled to seek such relief. Borrowers hereby irrevocably agree not to object to such appointment on any grounds.
Appointment of Receiver or Trustee. In connection with the exercise of Administrative Agent’s rights under this Agreement or any other Loan Document, Administrative Agent may, if an Event of Default exists, obtain the appointment of a receiver or trustee to assume, upon receipt of any necessary judicial or other Governmental Authority consents or approvals, control or ownership of any Collateral. Such receiver or trustee shall have all rights and powers provided to it by law or by court order or provided to Administrative Agent under this Agreement or any other Loan Document. Upon the appointment of such trustee or receiver, each Debtor shall cooperate, to the extent necessary or appropriate, in the expeditious preparation, execution, and filing of an application to any Governmental Authority or for consent to the transfer, control or assignment of such Collateral to the receiver or trustee. To the extent required by applicable law, Administrative Agent shall provide to each Debtor notice of the request for or appointment of such receiver or trustee.
Appointment of Receiver or Trustee. 83 SECTION 9.09. RIGHT OF SETOFF........................................84 ARTICLE X THE AGENT AND THE COLLATERAL AGENT..............................84 SECTION 10.01.
Appointment of Receiver or Trustee. The appointment of a receiver or trustee for the business or property of TTPU, unless such appointment shall be vacated within ninety (90) days after its entry
Appointment of Receiver or Trustee. In addition to all rights and remedies of the Senior Secured Lender under the Credit Agreement, the other Credit Documents or otherwise, any time prior to initiating a power of sale in any foreclosure or other legal proceedings to exercise rights or remedies against any Borrower, any Guarantor, or any Collateral, upon five (5) Business Days’ prior written notice to the Borrowers, the Senior Secured Lender may make application to a court of competent jurisdiction for the appointment of a receiver or trustee, without (i) the necessity of a bond, for all or any part of business operations of Borrowers or the Collateral securing all or any of the Obligations owed to the Senior Secured Lender, as a matter of strict right, (ii) regard to the adequacy of the Collateral for the repayment of the Obligations owed to the Senior Secured Lender, (iii) regard to the solvency of Borrowers or any other individual or entity responsible for the sums due under the Credit Agreement, any of the other Credit Documents or any other document or agreement otherwise evidencing the Obligations (together or separately) owed to the Senior Secured Lender, or (iv) regard to the joint liability or solvency of any other person(s) or property liable for payment of such Obligations.
