Appointment of Receivers. The Secured Party may at any time while an Event of Default is continuing: (a) either before or after it has taken possession of the Secured Property appoint: (i) any one or more persons to be a receiver or receiver and manager of the Secured Property or a part of it; and (ii) a different receiver or receiver and manager for different parts of the Secured Property; (b) if more than one person is appointed as Receiver of any property, empower them to act jointly or jointly and severally; (c) remove the Receiver, appoint another in his or her place if the Receiver is removed, retires or dies, and reappoint a Receiver who has retired or been removed; and (d) fix the reasonable remuneration of the Receiver.
Appears in 4 contracts
Samples: Specific Security Agreement, User Funding β Specific Security Agreement, User Funding β Specific Security Agreement
