Common use of Appointment of receivers and managers Clause in Contracts

Appointment of receivers and managers. (i) any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like is appointed in respect of the Borrower or the Guarantor or any substantial part of its/their assets; or (ii) the directors of the Borrower or the Guarantor requests the appointment of a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like; or

Appointment of receivers and managers. (ia) any Any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like is appointed in respect of the Borrower an Obligor or the Guarantor a Principal Subsidiary or any substantial material part of its/their assetsits assets or undertaking; or (iib) the directors of the Borrower an Obligor or the Guarantor requests a Principal Subsidiary request the appointment of a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like; or.

Appointment of receivers and managers. (ia) any Any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like is appointed in respect of the Borrower any Obligor or the Guarantor Principal Subsidiary or any substantial part of its/their its assets; or (iib) the directors of the Borrower an Obligor or the Guarantor Principal Subsidiary requests the appointment of a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like; or.

Appointment of receivers and managers. (ia) any Any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like is appointed in respect of the Borrower or the Guarantor an Obligor or any substantial Principal Subsidiary or any material part of its/their assetsits assets or undertaking; or (iib) the directors of the Borrower an Obligor or the Guarantor requests any Principal Subsidiary request the appointment of a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like; or.

Appointment of receivers and managers. (ia) any Any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like is appointed in respect of the Borrower an Obligor or the Guarantor all or any substantial a material part of its/their its assets; or (iib) the directors of the Borrower or the Guarantor requests an Obligor request the appointment of a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or the like; or (c) any other formal steps are taken to enforce any Security Interest over any material part of the assets of an Obligor.