Common use of Appointment of Receiver or Trustee Clause in Contracts

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. Borrowers hereby irrevocably agree that Agent, for the ratable benefit of Lenders, has the right under this Agreement, upon the occurrence and during the continuance 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. Borrowers Borrower hereby irrevocably agree agrees that Administrative 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 Borrower to effect the transactions contemplated by this Agreement, and that Administrative Agent is entitled to seek such relief. Borrowers hereby irrevocably agree not to object to such appointment on any grounds.