Common use of Multiple Receivers Clause in Contracts

Multiple Receivers. If at any time there is more than one Receiver of all or any part of the Charged Assets and/or the income of the Charged Assets, each Receiver shall have power to act individually (unless otherwise stated in the appointment document).

Appears in 1 contract

Samples: Assignment Agreement (Global Pharm Holdings Group, Inc.)

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Multiple Receivers. If at any time there is more than one Receiver of all or any part of the Charged Security Assets and/or the income of the Charged Security Assets, each Receiver shall have the power to act individually (unless otherwise stated in the appointment document).

Appears in 1 contract

Samples: Fixed Charge on Non Vesting Debts and Floating Charge (Lakeland Industries Inc)

Multiple Receivers. If at any time there is more than one Receiver of all or any part of the Charged Security Assets and/or the income of the Charged Security Assets, each Receiver shall have power to act individually (unless otherwise stated in the appointment document).

Appears in 1 contract

Samples: Abl Credit Agreement (Tesla, Inc.)

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Multiple Receivers. If at any time there is more than one Receiver of all or any part of the Charged Security Assets and/or the income of the Charged Security Assets, each Receiver shall have power to act individually (unless otherwise stated in the appointment document).

Appears in 1 contract

Samples: Debenture

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