Common use of Appointment of receivers and managers Clause in Contracts

Appointment of receivers and managers. (i) any administrative or other receiver or any manager is appointed of any Relevant Company or any material part of its assets and/or undertaking; or

Appointment of receivers and managers. (ia) any administrative or other receiver or any manager is appointed of any Relevant Company an Obligor or a Principal Subsidiary or any material part of its assets and/or undertaking; orundertakings;

Appointment of receivers and managers. (i) any administrative or other receiver or any manager is appointed of any Relevant Company Material Entity or all or any material substantial part of any of its assets and/or undertakingundertakings or (ii) the directors of any Material Entity request any person to appoint such a receiver or manager or (iii) any other legal or formal steps are taken to enforce any Encumbrance over all or any substantial part of the assets and/or undertakings of any Material Entity; or