Common use of Assembly of Collateral; Receiver Clause in Contracts

Assembly of Collateral; Receiver. Each Loan Party shall, upon the Administrative Agent’s request, assemble the Collateral and otherwise make it available to the Administrative Agent. The Administrative Agent may have a receiver appointed for all or any portion of a Loan Party’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.

Appears in 3 contracts

Sources: Bridge Loan Agreement (Venus Concept Inc.), Bridge Loan Agreement (Venus Concept Inc.), Loan and Security Agreement (Venus Concept Inc.)