Common use of Powers Exercisable by Receiver or Collateral Agent Clause in Contracts

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 upon the Company or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 11.

Appears in 3 contracts

Samples: Indenture (Paxson Communications Corp), Indenture (Paxson Communications Corp), Paxson Communications Corp

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Powers Exercisable by Receiver or Collateral Agent. In case the any Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 12 upon the Company or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1112.

Appears in 3 contracts

Samples: Indenture (Cenveo, Inc), Indenture (Cenveo, Inc), Indenture (ReFinance America, LTD)

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 Eleven upon the Company Issuer or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 11.Eleven. ARTICLE TWELVE

Appears in 2 contracts

Samples: Sears Holdings Corp, Sears Holdings Corp

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 10 upon the Company Issuer or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1110.

Appears in 2 contracts

Samples: Indenture (GeoEye, Inc.), Indenture (GeoEye, Inc.)

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 Eleven upon the Company or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 11Eleven.

Appears in 2 contracts

Samples: Indenture (Hi-Crush Inc.), Collateral and Security Documents (Exide Technologies)

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 12 upon the Company Issuer or any Subsidiary Secured Guarantor, as applicable, with respect to the release, sale or other disposition of such Property property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or any Subsidiary Secured Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1112.

Appears in 1 contract

Samples: Aspect Software (Concerto Software (Japan) Corp)

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 upon the Company Issuers or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuers or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 11.

Appears in 1 contract

Samples: Skyterra Communications Inc

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Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 10 upon the Company Issuer or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1110.

Appears in 1 contract

Samples: Indenture (Orbimage Inc)

Powers Exercisable by Receiver or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 10 upon the Company Borrower or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such Property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Borrower or any Subsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1110.

Appears in 1 contract

Samples: Term Loan Agreement (Paxson Communications Corp)

Powers Exercisable by Receiver or Collateral Agent. In case the any Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 12 upon the Company or any Subsidiary Domestic Guarantor, as applicable, with respect to the release, sale or other disposition of such Property property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Subsidiary Domestic Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1112.

Appears in 1 contract

Samples: Cenveo, Inc

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