Power to take proceedings. If an Event of Default has occurred and is continuing and a Receiver has not been appointed, the Agent alone has full power to make, enforce, settle, compromise, xxx on and discharge all claims and recover and receive all moneys payable in respect of any claim under any insurance policy.
Appears in 2 contracts
Samples: Facility Agreement (Apollo Gold Corp), Facility Agreement (Apollo Gold Corp)
Power to take proceedings. If an Event of Default has occurred and is continuing and a Receiver has not been appointed, the Agent alone has full power to make, enforce, settle, compromise, xxx on and discharge all claims and recover and receive all moneys payable in respect of of:
(1) any claim under any insurance policy; and
(2) any compensation claim in respect of any injury to an employee of the Agent, Receiver or Attorney suffered while exercising or attempting to exercise any Power.
Appears in 2 contracts
Samples: Term Facility Agreement (Paringa Resources LTD), Project Facility Agreement (Paringa Resources LTD)
Power to take proceedings. If if an Event of Default has occurred and is continuing and a Receiver has not been appointed, the Agent alone has full power to make, enforce, settle, compromise, xxx on and discharge all claims and recover and receive all moneys payable in respect of of:
(1) any claim under any insurance policy; and
(2) any compensation claim in respect of any injury to an employee of a Finance Party, Receiver or Attorney suffered while exercising or attempting to exercise any Power.
Appears in 2 contracts
Samples: Neutron Energy Facility Extension (Neutron Energy, Inc.), Facility Agreement (Neutron Energy, Inc.)
Power to take proceedings. If if an Event of Default has occurred and is continuing and a Receiver has not been appointed, the Agent alone has full power to make, enforce, settle, compromise, xxx sxx on and discharge all claims and recover and receive all moneys payable in respect of of:
(1) any claim under any insurance policy; and
(2) any compensation claim in respect of any injury to an employee of a Finance Party, Receiver or Attorney suffered while exercising or attempting to exercise any Power.
Appears in 1 contract
