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Common use of Joint Receivers Clause in Contracts

Joint Receivers. Where two or more persons are appointed to be a Receiver, the Agent may in the appointment declare whether any act required or authorised to be done by a Receiver is to be done by any one or more of them for the time being holding office and, subject thereto, any such persons may act jointly and/or severally.

Appears in 2 contracts

Samples: Debenture (Diametrics Medical Inc), Debenture (Diametrics Medical Inc)

Joint Receivers. Where two or more persons are appointed to be a Receiver, the Administrative Agent may in the appointment declare whether any act required or authorised to be done by a Receiver is to be done by any one or more of them for the time being holding office and, subject thereto, any such persons may act jointly and/or severally.

Appears in 1 contract

Samples: Revolving Credit Agreement (CKX, Inc.)

Joint Receivers. Where two or more persons are appointed to be a Receiver, the Collateral Agent may in the appointment declare whether any act required or authorised to be done by a Receiver is to be done by any one anyone or more of them for the time being holding office and, subject thereto, any such persons may act jointly and/or severally.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AbitibiBowater Inc.)