Common use of Powers of Receiver Clause in Contracts

Powers of Receiver. (a) Every Receiver appointed in accordance with Clause 12.1 (Appointment of Receiver) shall have and be entitled to exercise all of the powers set out in paragraph (b) of this Clause 12.2 in addition to those conferred by the Law of Property Xxx 0000 on any receiver appointed thereunder. If at any time there is more than one Receiver of all or any part of the Charged Assets, each such Receiver may (unless otherwise stated in any document appointing him) exercise all of the powers conferred on a Receiver under this Debenture individually and separately from each other Receiver.

Appears in 4 contracts

Samples: www.sec.gov, Facility Agreement (Constar International Inc), Constar International Inc

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Powers of Receiver. (a) Every Receiver appointed in accordance with Clause 12.1 10.1 (Appointment of Receiver) shall have and be entitled to exercise all of the following powers set out in paragraph (b) of this Clause 12.2 10.2 in addition to those conferred by the Law of Property Xxx Axx 0000 on any receiver appointed thereunder. If at any time there is more than one Receiver of all or any part of the Charged AssetsAssigned Property, each such Receiver may (unless otherwise stated in any document appointing him) exercise all of the powers conferred on a Receiver under this Debenture Assignment individually and separately from each other Receiver.

Appears in 1 contract

Samples: Affiliated Computer Services Inc

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Powers of Receiver. (a) Every Receiver appointed in accordance with Clause 12.1 10.1 (Appointment of Receiver) shall have and be entitled to exercise all of the following powers set out in paragraph (b) of this Clause 12.2 10.2 in addition to those conferred by the Law of Property Xxx 0000 on any receiver appointed thereunder. If at any time there is more than one Receiver of all or any part of the Charged AssetsAssigned Property, each such Receiver may (unless otherwise stated in any document appointing him) exercise all of the powers conferred on a Receiver under this Debenture Assignment individually and separately from each other Receiver.

Appears in 1 contract

Samples: www.sec.gov

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