Common use of Appointment: On Clause in Contracts

Appointment: On. (i) the occurrence of an Event of Default; or (ii) the request of an Obligor; or (iii) the Lender believing that any of the Secured Property is at risk of being dealt with in breach of this Agreement or a Collateral Document, the Lender may appoint in writing (and remove, replace and fix the terms of appointment of) one or more receivers or receivers and managers (either jointly or jointly and severally) in respect of the Secured Property.

Appears in 11 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!