Powers of the Receiver. Subject, in the case of the Current Issuer Jersey Secured Property, to the provisions of the Jersey Security Law, the Receiver of the Current Issuer, in addition to any powers conferred on an administrative receiver, receiver, manager or receiver and manager by statute or common law, shall have the power to:
(a) take possession of, get in and collect the Current Issuer Charged Property;
(b) (subject to any restrictions under or in respect of relevant Current Issuer Charged Property) sell, transfer, convey, license, release or otherwise dispose of vary or deal with, and also grant any option to purchase, and effect exchanges of, the whole or any part of the Current Issuer Charged Property or any interest therein and grant or accept surrenders, disclaimers and variations in relation to or otherwise affecting the Current Issuer Charged Property in each case in such manner, for such consideration (if any) and generally upon such terms (including by deferred payment of payment by instalments) as it may think fit and/or concur in any of the foregoing (and nothing shall preclude any such disposal being made to a Current Issuer Secured Creditor);
(c) carry out any transaction, scheme or arrangement which it may, in its absolute discretion, consider appropriate with a view to or in connection with the sale of the Current Issuer Charged Property;
(d) insure the Current Issuer Charged Property against such risks and for such amounts as it may consider prudent and obtain bonds and performance guarantees;
(e) otherwise protect, maintain or improve, the Current Issuer Charged Property or any part thereof in any manner and for any purpose whatsoever as it shall think fit;
(f) transfer all or any of the Current Issuer Charged Property and/or any of the liabilities to any other company or body corporate, whether or not formed or acquired for the purpose (and whether or not a subsidiary or associated company of the Note Trustee or any other party to the Current Issuer Transaction Documents) and to form a subsidiary or subsidiaries of the Current Issuer;
(g) carry on and manage or concur in managing or appoint a manager of, the whole or any part of the business of the Current Issuer in such manner as it shall in its absolute discretion think fit including the power to enter into any contract and to perform, repudiate, rescind or vary any contract to which the Current Issuer is a party;
(h) sell or concur in selling the whole or any part of the Current Issuer's business wheth...
Powers of the Receiver. Any Receiver will have all of the rights and powers that the Secured Party is entitled to exercise pursuant to Section 4.3 but the Secured Party will not be in any way responsible for any misconduct or negligence of any such Receiver.
Powers of the Receiver. AND IT IS HEREBY FURTHER AGREED AND DECLARED THAT
(a) the receipt of the said Receiver for the time being shall be an effectual discharge to such tenants occupants and persons for such rents and profits;
(b) the said Receiver shall have power to make such allowances to and arrangements with such tenants, occupiers and other persons as he shall think fit and to give notice to quit and bring and take actions or proceedings for ejectment or recovery of possession of any of the said premises on the expiration or determination or forfeiture of any tenancy or otherwise and to relet the said premises or any part thereof from time to time to such person or persons as he shall think fit on yearly or monthly tenancies at the best rents which may be reasonably obtainable.,
(c) that the said Receiver shall by and out of all moneys received by him, In the first place, pay all rents. taxes, and revenue. rates, assessments, and outgoing whatsoever affecting the mortgaged premises and which shall not be otherwise paid and the expenses of repairing or insuring against loss or damage by fire and riot any building or other structure which he may think fit to repair or insure and In the next place pay the expenses of collection and management and deduct and retain for his own use so much not exceeding Rs. 5/- for every Rs. 100/- received as in the opinion of the Mortgagees the said Receiver shall be reasonably entitled to for his trouble and in the next place, pay to the Mortgagees by equal payments the interest from time to time accruing due on the security of these presents and shall allow the surplus if any of the said rents and profits to accumulate and when it amounts to Rs... pay it to the Mortgagees In reduction of the principal amount due to them AND shall pay the residue (if any) of the money received by him to the person who. but for the possession of the Receiver, would have been entitled to receive the Income of which he is appointed Receiver or who is otherwise entitled to the mortgaged premises;
(d) that the said Receiver may be removed and a new Receiver may be appointed from time to time by writing signed by or on behalf of the Mortgagees and the Mortgagor.
(e) that the Receiver shall be deemed to be in all respects the agent of the Mortgagor and that the Mortgagor shall be solely responsible for the acts and/or defaults of the Receiver and the Mortgagees shall not under any circumstances be answerable for any loss or misapplication of the said rents and profi...
Powers of the Receiver. (1) Any Receiver will have all of the rights and powers that the Collateral Agent is entitled to exercise pursuant to Section 5.02 but the Collateral Agent will not be in any way responsible for any misconduct or negligence of any such Receiver.
Powers of the Receiver. 14.1. It is hereby further agreed and declared that: ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■
Powers of the Receiver. Any Receiver will have all of the rights and powers that the Agent and Lender are entitled to exercise pursuant to Section 4.01 but neither the Agent nor the Lender will be in any way responsible for any misconduct or negligence of any such Receiver.
Powers of the Receiver. Subject to the provisions of the instrument appointing it, a Receiver shall have the power to take possession of Collateral, to preserve Collateral or its value in such manner as it considers appropriate, to carry on or concur in carrying on all or any part of the business of any Debtor and to sell, lease or otherwise dispose of or concur in selling, leasing or otherwise disposing of Collateral in such manner and on such terms as it considers to be commercially reasonable. To facilitate the foregoing powers, the Receiver may enter upon, use and occupy all premises owned or occupied by the Debtors wherein Collateral may be situate to the exclusion of all others to the extent permitted by law, maintain Collateral upon such premises, borrow money on a secured or unsecured basis, incur reasonable expenses in the exercise of the rights, powers and remedies set out in this Agreement and use Collateral directly in carrying on any Debtor’s business or as security for loans or advances to enable it to carry on any Debtor’s business or otherwise, as such Receiver shall, in its discretion, determine. In addition, the Receiver shall have the following rights, powers and remedies: (i) to make payments to persons having a Lien on properties on which a Debtor may hold a Lien and to persons having a Lien on the Collateral, and (ii) to demand, commence, continue or defend proceedings in the name of the Agent or of the Receiver or in the name of a Debtor for the purpose of protecting, seizing, collecting, realizing or obtaining possession or payment of the Collateral and to give effectual receipts and discharges therefore.
Powers of the Receiver. (1) Any Receiver will have all of the rights and powers that the Noteholder is entitled to exercise pursuant to Section 5.02 but the Noteholder will not be in any way responsible for any misconduct or negligence of any such Receiver.
Powers of the Receiver
