Common use of Powers Exercisable by Receiver or Trustee Clause in Contracts

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, 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 any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 10 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

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Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any other Collateral Grantor, 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 other Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 10 contracts

Samples: Supplemental Indenture, Indenture, Indenture (Comstock Oil & Gas, LP)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon the Issuer or any Collateral Grantorother obligor, 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 Issuer or any Collateral Grantorother obligor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12Article.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust), Indenture (Daimlerchrysler Master Owner Trust), Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Ten upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 12Ten.

Appears in 5 contracts

Samples: Indenture (Clean Harbors Inc), Clean Harbors Inc, Indenture (Doe Run Resources Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 5 contracts

Samples: Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo), Indenture (Goodman Conveyor Co)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Eleven and the Security Documents upon any Collateral Grantor, as applicable, the Company and the Guarantors 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 any Collateral Grantor, as applicable, the Company or a Guarantor or of any officer Officer or officers thereof Officers of the Company or a Guarantor required by the provisions of this Article 12Eleven.

Appears in 5 contracts

Samples: Indenture (Huntsman Polymers Corp), Crown Holdings Inc, Huntsman Advanced Materials (UK) LTD

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor 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 any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 4 contracts

Samples: Notes Indenture (WeWork Inc.), Secured Notes Indenture (WeWork Inc.), WeWork Inc.

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, 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 any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 4 contracts

Samples: Pledge Agreement (Mbia Inc), Security Agreement (Mbia Inc), Indenture (Mbia Inc)

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

Appears in 3 contracts

Samples: Note Accession Agreement (Hungarian Telephone & Cable Corp), Invitel Holdings a/S, Invitel Holdings a/S

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any Collateral Grantorother Pledgor, 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 Collateral Grantorother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 2 contracts

Samples: Indenture (Metal Management Inc), Security Agreement (Metal Management Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Eleven and the Security Documents upon any Collateral Grantor, as applicable, the Issuer and the Guarantors 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer Officer or officers thereof Officers of the Issuer or a Guarantor required by the provisions of this Article 12Eleven.

Appears in 2 contracts

Samples: Global Crossing LTD, Global Crossing Uk Telecommunications LTD

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any Collateral Grantor, 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 Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 2 contracts

Samples: Vantage Drilling International, Indenture (Pacific Drilling S.A.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 2 contracts

Samples: Indenture (Consolidated Container Co LLC), Healthcor Holdings Inc

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 IV, upon any Collateral Grantorthe Company or the Guarantors, 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 any Collateral Grantorthe Company or the Guarantors, as applicable, or of any officer or officers thereof required by the provisions of this Article 12IV.

Appears in 2 contracts

Samples: Indenture (RCN Corp /De/), Indenture (RCN Corp /De/)

Powers Exercisable by Receiver or Trustee. In Subject to the Collateral Documents and the Intercreditor Agreement, in case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 17 upon any Collateral Grantor, as applicablethe Guarantor, 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 any Collateral Grantor, as applicablethe Guarantor, or of any officer or officers thereof required by the provisions of this Article 1217.

Appears in 2 contracts

Samples: Indenture (Guardian II Acquisition CORP), Indenture (Oscient Pharmaceuticals Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Issuers or any Collateral GrantorGuarantor, 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 Issuers or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Trump Indiana Inc), Priority Intercreditor Agreement (Trump Indiana Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any Collateral GrantorGuarantor, 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 Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 2 contracts

Samples: Indenture (Endeavor International Corp), Indenture (Endeavour International Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 13 upon any Collateral Grantor, as applicable, the Issuers or a Guarantor 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 any Collateral Grantor, as applicable, the Issuers or a Guarantor or of any officer Officer or officers Officers thereof required by the provisions of this Article 12.Article

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Company or any Collateral GrantorGuarantor, 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 Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Samples: Defaults and Remedies (New Pier Operating Co Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Company or any Collateral GrantorSubsidiary 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 Collateral GrantorSubsidiary Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Samples: Indenture (Raceland Truck Plaza & Casino LLC)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon any Collateral Grantorthe Company or a 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 any Collateral Grantorthe Company or a Guarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Samples: Supplemental Indenture (Thermadyne Australia Pty Ltd.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Issuer or any other Collateral Grantor, 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 Issuer or any other Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Samples: First Preferred Mortgage (Pacific Drilling S.A.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Samples: Pledge and Security Agreement (WeWork Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon any Collateral Grantor, as applicable, the Company or a Guarantor 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 any Collateral Grantor, as applicable, the Company or a Guarantor or of any officer Officer or officers Officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Samples: Note Purchase Agreement (LSB Industries Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 1210; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Metaldyne Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Twelve upon the Company or any Collateral GrantorGuarantor, 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 Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12Twelve.

Appears in 1 contract

Samples: Indenture (Hexacomb CORP)

Powers Exercisable by Receiver or Trustee. In case the ----------------------------------------- Collateral or Second Lien Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon Issuer or any Collateral Grantorother Pledgor, 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 Issuer or any Collateral Grantorother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Samples: Supplemental Indenture (Terra Industries Inc)

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Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 1211; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Metaldyne Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trusteeTrustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer with respect to the release, sale or other disposition of such property may be exercised by such receiver or trusteeTrustee, and an instrument signed by such receiver or trustee Trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Samples: Indenture (Hungarian Telephone & Cable Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Ten upon any Collateral Grantor, as applicable, the Company and its Subsidiaries 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 any Collateral Grantorthe Company or of its Subsidiaries, as applicable, or of any officer or officers thereof required by the provisions of this Article 12Ten.

Appears in 1 contract

Samples: Doe Run Resources Corp

Powers Exercisable by Receiver or Trustee. In case the Discount Notes Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuers 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 any Collateral Grantor, as applicable, Coaxial LLC or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Samples: Coaxial LLC

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Company or any Collateral Grantorother Pledgor, 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 Collateral Grantorother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Samples: Indenture (Alaris Medical Systems Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Eleven upon any Collateral Grantor, as applicable, the Company 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 any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 12Eleven.

Appears in 1 contract

Samples: Exide Technologies

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession sion of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Samples: Intercreditor Agreement (Campbell Alliance Group Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer with respect to the release, sale release or other disposition 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 any Collateral Grantor, as applicable, the Issuer or of any officer or officers thereof required by the provisions of this Article 1211; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Appears in 1 contract

Samples: Sorrento Therapeutics, Inc.

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon Issuer or any Collateral Grantorother Pledgor, 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 Issuer or any Collateral Grantorother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Samples: Terra Capital Inc

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Samples: Supplemental Indenture (PQ Group Holdings Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 15 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 1215.

Appears in 1 contract

Samples: Form of Note Purchase Agreement (APX Group Holdings, Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 14 upon the Company or any Collateral GrantorGuarantor, 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 Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1214.

Appears in 1 contract

Samples: First Supplemental Indenture (Aaipharma Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall will be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon the Issuer or any Collateral Grantorother obligor, 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 will be deemed the equivalent of any similar instrument of the Issuer or any Collateral Grantorother obligor, as applicable, or of any officer or officers thereof 124 required by the provisions of this Article 12Article.

Appears in 1 contract

Samples: Citibank South Dakota N A

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 and the Security Documents upon any Collateral Grantor, as applicable, the Issuer and the Guarantors 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer Officer or officers thereof Officers of the Issuer or a Guarantor required by the provisions of this Article 12.

Appears in 1 contract

Samples: Supplemental Indenture (Basic Energy Services Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor 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 any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Samples: Indenture (Campbell Alliance Group Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, Issuer 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 any Collateral Grantor, as applicable, Issuer or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Samples: Pledge Agreement (Decora Industries Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon the Company or any Collateral Grantorof the Guarantors, 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 Collateral Grantorof the Guarantors, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.. 134

Appears in 1 contract

Samples: Indenture (Sanchez Energy Corp)

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