Ceasing to be agent. If for any reason (including operation of law) a Receiver ceases to be the agent of a Chargor because of an order passed to wind up the Chargor, the Receiver immediately becomes the agent of the Chargee who appointed it.
Appears in 4 contracts
Samples: Production Joint Venture Agreement (BHP Billiton PLC), Rio Tinto LTD, Rio Tinto LTD
Ceasing to be agent. If for any reason (including operation of law) a Receiver ceases to be the agent of a the Chargor because of an order passed to wind up the Chargor, the Receiver immediately becomes the agent of the Chargee who appointed itChargee.
Appears in 4 contracts
Samples: Production Joint Venture Agreement (BHP Billiton PLC), Rio Tinto LTD, Rio Tinto LTD
