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

Powers Exercisable by Trustee or Receiver. In case the Trust Estate (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Documents) shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 conferred upon the Issuer with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' Certificate required by this Article 12. If the Trustee shall be in possession of any of the collateral hereunder or under any of the Security Documents, such powers may be exercised by the Trustee, in its discretion.

Powers Exercisable by Trustee or Receiver. In case the Trust Estate Collateral (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Collateral Documents) shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 Eleven conferred upon the Issuer Company with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' ’ Certificate required by this Article 12Eleven. If the Trustee shall be in possession of any of the collateral Collateral hereunder or under any of the Security Collateral Documents, such powers may be exercised by the Trustee, in its discretion.

Powers Exercisable by Trustee or Receiver. In case the Trust Estate Collateral (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Collateral Documents) shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 Eleven conferred upon the Issuer Company with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' Certificate required by this Article 12Eleven. If the Trustee shall be in possession of any of the collateral Collateral hereunder or under any of the Security Collateral Documents, such powers may be exercised by the Trustee, in its discretion.

Powers Exercisable by Trustee or Receiver. In case the Trust Estate Collateral (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Collateral Documents) shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 13 conferred upon the Issuer Company with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' Certificate required by this Article 12Eleven. If the Trustee shall be in possession of any of the collateral Collateral hereunder or under any of the Security Collateral Documents, such powers may be exercised by the Trustee, in its discretion.

Powers Exercisable by Trustee or Receiver. In case the Trust Estate Collateral (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Documents) shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 XI conferred upon the Issuer Company with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' Certificate required by this Article 12XI. If the Trustee shall be in possession of any of the collateral Collateral hereunder or under any of the Security Documents, such powers may be exercised by the Trustee, in its discretion.

Powers Exercisable by Trustee or Receiver. In case the Trust Estate Collateral (other than any cash, Cash Equivalents, securities and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder or under the Security Documents) Documents shall be in the possession of a receiver or trustee lawfully appointed, the powers hereinbefore in this Article 12 conferred upon the Issuer with respect to the withdrawal or application of Trust Moneys may be exercised by such receiver or trustee, in which case a certificate signed by such receiver or trustee shall be deemed the equivalent of any Officers' Certificate required by this Article 12. If the Trustee shall be in possession of any of the collateral Collateral hereunder or under any of the Security Documents, such powers may be exercised by the Trustee, in its discretion.