Common use of Ongoing Right to Collect Rents; Receivers Clause in Contracts

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent to continue to collect the moneys described in Sections 2(a), (b) and (c) of this Assignment, then it is agreed by the Lessor Trust that any proof of claim or similar document filed by the Administrative Agent in connection with the breach or rejection of the Assigned Lease by the Lessee or the trustee of the Lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative Agent's rights conferred in said paragraphs be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease Event of Default), the Lessor Trust hereby consents to the appointment of a receiver for the Property as a matter of right and without any requirement for notice to the Lessor Trust and without regard to the solvency of the Lessor Trust or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Agreement and the other Operative Documents.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Assignee to continue to collect the moneys described in Sections 2(aparagraphs 2 (a), (b), (c), (d) and (ce) of this Assignment, then it is agreed by the Lessor Trust Assignor that any proof of claim or similar document filed by the Administrative Agent Assignee in connection with the breach or rejection of the Assigned Lease by the Lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative Agent's Assignee' s rights conferred in said paragraphs paragraph 2(e) and to the extent permitted under applicable law be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease an Event of Default), the Lessor Trust Assignor hereby consents to the appointment of a receiver for any or all of the Property Equipment as a matter of right and without any requirement for notice to the Lessor Trust Assignor and without regard to the solvency of the Lessor Trust Assignor or to the collateral that may be available for the satisfaction of the Notes Securities and all other obligations under the Loan Agreement Indenture and the other Operative DocumentsAgreements.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Assignee to continue to collect the moneys described in Sections 2(aparagraphs 2 (a), (b), (c) and (cd) of this Assignment, then it is agreed by the Lessor Trust Assignor that any proof of claim or similar document filed by the Administrative Agent Assignee in connection with the breach or rejection of the Assigned Lease by the Lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative AgentAssignee's rights conferred in said paragraphs paragraph 2(d) be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease an Event of Default), the Lessor Trust Assignor hereby consents to the appointment of a receiver for any or all of the Property Properties as a matter of right and without any requirement for notice to the Lessor Trust Assignor and without regard to the solvency of the Lessor Trust Assignor or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Credit Agreement and the other Operative DocumentsAgreements.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Lenders to continue to collect the moneys described in Sections paragraphs 2(a), (b) and (c) of this Assignment, then it is agreed by the Lessor Trust that any proof of claim or similar document filed by the Administrative Agent Lenders in connection with the breach or rejection of the Assigned any Lease by the Lessee lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative Agent's Lenders' rights conferred in said paragraphs be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease Event of Default), the Lessor Trust hereby consents to the appointment of a receiver for any or all of the Property Properties as a matter of right and without any requirement for notice to the Lessor Trust and without regard to the solvency of the Lessor Trust or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Agreement and the other Operative Documents.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Assignee to continue to collect the moneys described in Sections 2(aparagraphs 2 (a), (b), (c), (d) and (ce) of this Assignment, then it is agreed by the Lessor Trust Assignor that any proof of claim or similar document filed by the Administrative Agent Assignee in connection with the breach or rejection of the Assigned Lease by the Lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative AgentAssignee's rights conferred in said paragraphs paragraph 2(e) and to the extent permitted under applicable law be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease an Event of Default), the Lessor Trust Assignor hereby consents to the appointment of a receiver for any or all of the Property Equipment as a matter of right and without any requirement for notice to the Lessor Trust Assignor and without regard to the solvency of the Lessor Trust Assignor or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Credit Agreement and the other Operative DocumentsAgreements.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the ---------------------------------------------- terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Assignee to continue to collect the moneys described in Sections 2(aparagraphs 2 (a), (b), (c), (d) and (ce) of this Assignment, then it is agreed by the Lessor Trust Assignor that any proof of claim or similar document filed by the Administrative Agent Assignee in connection with the breach or rejection of the Assigned Lease by the Lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative Agent's Assignee' s rights conferred in said paragraphs paragraph 2(e) and to the extent permitted under applicable law be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease an Event of Default), the Lessor Trust Assignor hereby consents to the appointment of a receiver for any or all of the Property Equipment as a matter of right and without any requirement for notice to the Lessor Trust Assignor and without regard to the solvency of the Lessor Trust Assignor or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Credit Agreement and the other Operative DocumentsAgreements.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Indenture Trustee to continue to collect the moneys described in Sections 2(a), (b) and (c) Section 2 of this Assignment, then it is agreed by the Lessor Trust that any proof of claim or similar document filed by the Administrative Agent Indenture Trustee in connection with the breach or rejection of the Assigned Lease Leases by the Lessee or the trustee of the Lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative AgentIndenture Trustee's rights conferred in said paragraphs be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement an Indenture Event of Default (not existing solely by virtue of a Lease Event of Default), the Lessor Trust hereby consents to the appointment of a receiver for the each Property as a matter of right and without any requirement for notice to the Lessor Trust and without regard to the solvency of the Lessor Trust or to the collateral that may be available for the satisfaction of the Notes and all other obligations under the Loan Participation Agreement and the other Operative Documents. SECTION 10.

Ongoing Right to Collect Rents; Receivers. If notwithstanding the ----------------------------------------- terms of this Assignment, a petition or order for sequestration of rents, or the appointment of a receiver or some similar judicial action or order is deemed required under applicable state law to allow the Administrative Agent Lenders to continue to collect the moneys monies described in Sections 2(a), (b) and (c) of this Assignment, then it ------------- --- --- is agreed by the Lessor Trust that any proof of claim or similar document filed by the Administrative Agent Lenders in connection with the breach or rejection of the Assigned Master Lease by the Lessee lessee thereunder or the trustee of the Lessee any lessee under any federal or state insolvency statute shall for the purpose of perfecting the Administrative Agent's Lenders, rights conferred in said paragraphs be deemed to constitute action required under such state law. Upon the occurrence and during the continuance of a Loan Agreement Event of Default (not existing solely by virtue of a Lease Event of Default), the Lessor Trust hereby consents to the appointment of a receiver for any or all of the Property Equipment as a matter of right and without any requirement for notice to the Lessor Trust and without regard to the solvency of the Lessor Trust or to the collateral that may be available for the satisfaction of the Notes and all other obligations Obligations under the Loan Agreement and the other Operative Documents.