Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 16.1 (Appointment and Removal) shall be:
(a) entitled to act individually or together with any other person appointed or substituted as Receiver;
(b) for all purposes deemed to be the agent of the Companies which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Security Agent; and
(c) entitled to remuneration for his services at a rate to be fixed by the Security Agent from time to time (without being limited to the maximum rate specified by the Law of Property Act 1925).
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 12.1 (Appointment and Removal) shall be:
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 9.1 (Appointment and removal) will be:
(a) entitled to act individually or together with any other person appointed or substituted as Receiver;
(b) for all purposes deemed to be the agent of the Chargor which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Secured Party; and
(c) entitled to remuneration for his services at a rate to be fixed by the Secured Party from time to time.
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 15.1 shall be:
(a) entitled to act individually or together with any other person appointed or substituted as Receiver;
(b) for all purposes deemed to be the agent of each Chargor which shall be solely responsible for his acts (other than acts of gross negligence, wilful misconduct, fraud or dishonesty) and for the payment of his remuneration and no Receiver shall at any time act as agent for the Collateral Agent; and
(c) entitled to remuneration for his services by the Chargors (with the Chargors jointly and severally liable for such remuneration) at a rate to be fixed by the Collateral Agent from time to time (without being limited to the maximum rate specified by the Law of Property Act 1925).
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 16.1 (Appointment and Removal) shall be:
16.2.1 entitled to act individually or together with any other person appointed or substituted as Receiver;
16.2.2 for all purposes shall be deemed to be the agent of the Company, who shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Security Trustee; and
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 9.1 (Appointment and removal) will be:
(a) entitled to act individually or together with any other person appointed or substituted as Receiver;
(b) for all purposes deemed to be the agent of the Chargor which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Security Trustee; and
(c) entitled to remuneration for his services at a rate to be fixed by the Security Trustee from time to time (without being limited to the maximum rate specified by the Law of Property Act 1925).
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 8.1 (Appointment and Removal) shall be:
8.2.1 entitled to act individually or together with any other person appointed or substituted as Receiver;
8.2.2 for all purposes shall be deemed to be the agent of the Chargor which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Security Agent; and
8.2.3 entitled to remuneration for his services at a rate to be fixed by the Security Agent from time to time.
Capacity of Receivers. Each person appointed to be an Administrative Receiver pursuant to Clause 11.1 (Appointment following Loan Event of Default) or 11.2 (Appointment - Administration) above shall:
11.3.1 be entitled to act individually or together with any other person appointed or substituted as Administrative Receiver;
11.3.2 for all purposes be deemed to be the agent of the relevant Obligor which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Administrative Receiver shall at any time act as agent for the Bond Trustee; and
11.3.3 be entitled to remuneration for his services at a rate to be fixed by the Bond Trustee from time to time.
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 12.1 (Appointment and Removal) shall be:
12.2.1 entitled to act individually or together with any other person appointed or substituted as Receiver;
12.2.2 for all purposes shall be deemed to be the agent of the relevant Charging Companies which shall be solely responsible for his acts, defaults and liabilities and for the payment of his remuneration and no Receiver shall at any time act as agent for the Interim Security Agent; and
12.2.3 entitled to remuneration for his services at a rate to be fixed by the Interim Security Agent from time to time (without being limited to the maximum rate specified by the Law of Property Act 1925).
Capacity of Receivers. Each person appointed to be a Receiver pursuant to Clause 11(a) (Appointment and Removal) shall be:
(i) entitled to act individually or together with any other person appointed or substituted as Receiver;
(ii) for all purposes deemed to be the agent of the Chargor which shall be solely responsible for his acts, defaults and liabilities (except to the extent in connection with gross negligence, fraud or wilful misconduct) and for the payment of his reasonable remuneration and no Receiver shall at any time act as agent for the Chargee; and
(iii) entitled to remuneration for his services at a rate to be fixed by the Chargee from time to time, acting reasonably.
