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 X upon any Issuer or any Subsidiary, 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 Issuer or any Subsidiary, as applicable, or of any officer or officers thereof required by the provisions of this Article X.

Appears in 4 contracts

Samples: Indenture (Petro Financial Corp), Indenture (Petro Holdings Financial Corp), Indenture (Petro Stopping Centers L P)

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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 X upon any Issuer or any Domestic Subsidiary, 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 Issuer or any Domestic Subsidiary, as applicable, or of any officer or officers thereof required by the provisions of this Article X.

Appears in 2 contracts

Samples: RPP Capital Corp, RPP Capital Corp

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 X upon any the Issuer or any Subsidiaryother 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 any the Issuer or any Subsidiaryother obligor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.Article.

Appears in 2 contracts

Samples: Citibank Credit Card Issuance Trust, Citibank Credit Card Master Trust I

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 X XI upon any Issuer the Company or any Subsidiaryother 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 any Issuer the Company or any Subsidiaryother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.XI.

Appears in 2 contracts

Samples: Covenants (Rti Capital Corp), Blue Steel Capital 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 X upon any the Issuer or any SubsidiaryGuarantor, 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 the Issuer or any SubsidiaryGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.

Appears in 1 contract

Samples: Umt Holdings 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 X XIII upon any the Issuer or any Subsidiaryother 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 any the Issuer or any Subsidiaryother obligor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.XIII.

Appears in 1 contract

Samples: Indenture (WF Card Funding 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 X upon any Issuer or any Subsidiary, 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 Issuer or any Subsidiary, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article X.

Appears in 1 contract

Samples: Section (Toms Foods 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 X upon any Issuer the Issuing Entity or any Subsidiaryother 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 any Issuer the Issuing Entity or any Subsidiaryother obligor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.Article.

Appears in 1 contract

Samples: Navistar Financial Dealer (Navistar 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 X and the Security Documents upon any Issuer or any Subsidiary, 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 Issuer the Company or any Subsidiary, as applicable, a Guarantor or of any officer Officer or officers thereof Officers of the Company or a Guarantor required by the provisions of this Article X.

Appears in 1 contract

Samples: Indenture (Inspecciones Maritimas 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 X upon any the Issuer or any Restricted Subsidiary, 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 the Issuer or any Restricted Subsidiary, as applicable, or of any officer Officer or officers Officers thereof required by the provisions of this Article X.

Appears in 1 contract

Samples: Security Agreement (Verasun Energy 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 X upon any the Issuer or any Domestic Subsidiary, 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 the Issuer or any SubsidiaryGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article X.

Appears in 1 contract

Samples: Indenture (Aventine Renewable Energy Holdings Inc)

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