Common use of Appointment of Receiver or Trustee Clause in Contracts

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. In connection with the exercise of Secured Parties' Lenders’ 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 ’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 ’s Permits to the receiver or trustee.

Appointment of Receiver or Trustee. In connection with the exercise of Secured Parties' Creditor’s rights under this Agreement or any other Loan Document, Administrative Agent Secured Creditor 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 maturityexists, obtain the appointment of a receiver or trustee to assume, upon receipt of all any necessary judicial or other Governmental Authority consents or approvals, control of or ownership of any PermitsCollateral. Such receiver or trustee shall have all rights and powers provided to it by Law or by court order or provided to Administrative Agent Secured Creditor 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 such Collateral to the receiver or trustee. To the extent required by applicable Law, Secured Creditor shall provide to each Grantor notice of the request for or appointment of such receiver or trustee.

Appointment of Receiver or Trustee. In connection with the exercise of Secured PartiesLenders' 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.