Common use of Effect of Appointment of Receiver Clause in Contracts

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a Receiver, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the Collateral will cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a Receiver, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the with respect to that Collateral will shall cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a receiver (the “Receiver”), all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the with respect to that Collateral will shall cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a Receiver, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the with respect to that Collateral will shall cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a Receiver, all powers, functions, ,m rights and privileges of the directors and officers of the Debtor concerning the with respect to that Collateral will shall cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as Immediately upon the Secured Party takes taking possession of any Collateral or appoints appointing a Receiver, all powers, functions, rights and privileges of the directors and officers of each of the Debtor Debtors concerning the Collateral will cease, unless specifically continued by the written consent of the Secured Party or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a ReceiverReceiver over any Collateral, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the in and to that Collateral will cease, cease unless specifically continued by the written consent of the Secured Party or the Receiverany Receiver agrees in writing to specifically continue those rights.

Effect of Appointment of Receiver. As soon as the Secured Party Parties takes possession of any Collateral or appoints appoint a Receiver, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the Collateral will cease, unless specifically continued by the written consent of the Secured Party Parties or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a Receiver, all powers, functions, rights and privileges of the directors and officers of the Debtor concerning Pledgor with respect to the Collateral will cease, unless specifically continued by the written consent of the Secured Party Party, on advice of counsel, or the Receiver.

Effect of Appointment of Receiver. As soon as the Secured Party takes Parties take possession of any Collateral or appoints a receiver (the “Receiver”), all powers, functions, rights and privileges of the directors and officers of the Debtor concerning the with respect to that Collateral will shall cease, unless specifically continued by the written consent of the Secured Party Parties or the Receiver.