Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.
Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.
Receivers. “Solo” receivers support 1 TV and contain 1 tuner. Solo receiver models currently include: HD Solo Non-DVR; HD Solo DVR; and Xxxxx. “Duo” receivers support up to 2 TVs and contain 2 tuners. Duo receiver models currently include: HD Duo Non-DVR and HD Duo DVR. Xxxxxx, Xxxxxx Duo, Xxxxxx with Xxxxx, Xxxxxx 3, Xxxx, Xxxxx Xxxx, Wireless Xxxx and 4K Xxxx each connect to 1 TV.
Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s business, or the Borrower’s business is terminated, or if the Borrower is liquidated or dissolved.
Receivers. 7.8.1. At any time after the occurrence of an Enforcement Event, the Chargee may by a written instrument and without notice to any party appoint a Receiver of the Charged Property or any part of it. A Receiver so appointed shall be the agent of the Chargor and the Chargor shall be solely responsible for his acts, defaults and remuneration but the Chargee will have power from time to time to fix the remuneration of any Receiver and direct payment thereof out of the proceeds of the Charged Property. The restrictions contained in section 108(1) and the provisions of sub-sections 108(4) and (7) (Appointment of a Receiver) of the Act will not apply to the appointment of a Receiver under this clause 7.8.1;
7.8.2. The Chargee may by instrument in writing delegate to any such Receiver all or any of the rights, powers and discretions vested in it by this Charge pursuant to section 108(3) of the Act;
7.8.3. The Chargee may by instrument in writing delegate to any such Receiver all or any of the rights, powers and discretions vested in it by this Charge;
7.8.4. In addition to the powers conferred on the Chargee by this Charge, the Receiver appointed pursuant to Clause 7.8.1 shall have in relation to the Charged Property all the powers conferred by the Act (as extended by this Charge) on a Receiver appointed under that Act;
7.8.5. The Chargee shall not be responsible for any negligence on the part of a Receiver, provided that the Chargee shall have used bona fides in the appointment of such Receiver;
7.8.6. Neither the Chargee nor any Receiver appointed under this Charge shall be liable to account as mortgagee in possession in respect of any of the Charged Property or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever (except to the extent that the same results from their or his gross negligence or willful default in connection with any of the Charged Property) for which a mortgagee in possession might as such be liable and all costs, charges and expenses incurred by the Chargee or any Receiver appointed hereunder (including the costs of any proceedings to enforce the security) together with all Value Added Tax thereon shall be paid by the Chargor on a solicitor and own client basis and shall form part of the Secured Obligations and be charged on and paid out of the Charged Property; and
7.8.7. All amounts realized by the Chargee in connection with the exercise of rights and remedies hereunder shall be applied by the Chargee...
Receivers. Borrower and each other Credit Party irrevocably agree that upon the occurrence of an Event of Default, Lender may obtain an order, ex parte, from a state or federal court appointing a receiver for (a) the business operations of Borrower and/or any of the other Credit Parties; (b) for the Collateral; and/or (c) for any or all of the assets and property rights of Borrower and/or of such other Credit Parties. Lender’s right to obtain an order ex parte from a state or federal court appointing a receiver as provided herein shall be as a matter of right and without notice to Borrower or any other Credit Party or anyone claiming under Borrower or any other Credit Party, and without regard to the then value of the Collateral or the interest of Borrower or any other Credit Party therein. BORROWER AND EACH OTHER CREDIT PARTY WAIVES ANY RIGHT TO A HEARING OR NOTICE OF HEARING PRIOR TO THE APPOINTMENT OF A RECEIVER AND IRREVOCABLY CONSENTS TO SUCH APPOINTMENT. Borrower and each other Credit Party irrevocably agree that any receiver appointed pursuant to this Section may have all of the powers and duties of receivers in like or similar cases, including the right, with Lender’s express written consent, to operate and sell all property of the receivership estate, and that such powers and duties shall be vested in the receiver until the later of (x) the date of confirmation of sale of the receivership estate, (y) the date of expiration of any redemption period, or (z) the date the receiver is discharged. All expenses incurred by the receiver or its agents, including obligations to repay funds borrowed by the receiver, shall constitute a part of the Obligations. Any revenues collected by the receiver shall be applied first to the expenses of the receivership, including reasonable attorneys’ fees incurred by the receiver and Lender, together with interest thereon at the default rate of interest from the date incurred until paid, and the balance shall be applied toward the Obligations or in such other manner as the court may direct. Borrower and each other Credit Party expressly waive any and all rights it may have to object to the appointment of a receiver as provided herein or to the receiver’s operation or disposition of the receivership estate.
Receivers. “Solo” receivers support 1 TV and contain 1 tuner. Solo receiver models currently include: HD Solo Non-DVR; HD Solo DVR; and Xxxxx. “Duo” receivers support up to 2 TVs and contain 2 tuners. Duo receiver models currently include: HD Duo Non-DVR; and HD Duo DVR. Xxxxxx, Xxxxxx Duo, Xxxxxx with Xxxxx, Xxxxxx 3, Xxxx, Xxxxx Xxxx, Wireless Xxxx and 4K Xxxx each connect to 1 TV. Smartbox systems support multiple TVs (the exact number of which will vary and will depend on, among other things, the location at which you desire to receive services).
Receivers. “Solo” receivers support 1 TV and contain 1 tuner (or in the case of a 512 or 612, 2 tuners). Solo receiver models currently include: Solo (301, 311, 381); HD Solo (211, 211k, 411); Solo DVR (512); and HD Solo DVR (612). “Duo” receivers support up to 2 TVs and contain 2 tuners. Duo receiver models currently include: Duo (322); HD Duo (222, 222k); DuoDVRTM (522, 625); and HD DuoDVR (622, 722, 722k). SlingLoaded DVR (922) receivers support 2 TVs and contain 2 tuners. Xxxxxx 2000 and Joey 1.0 each connect to 1 TV.
Receivers. A receiver or similar official is appointed for a substantial portion of any Loan Party’s or any Material Subsidiary’s business, or the business is terminated; or
Receivers. Upon the occurrence, and during the continuance of an Event of Default under any of the Loan Documents, Lender may seek and obtain the appointment of a court-appointed receiver, regardless of the adequacy of Lender’s security, and each Borrower Party irrevocably consents to the appointment of such receiver. Any action or proceeding to obtain the appointment of a receiver may be brought any state or federal court having jurisdiction over such Borrower Party or the Collateral, and each Borrower Party hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such jurisdictions. Each Borrower Party hereby agrees that (a) the receiver may enter upon and take possession and control of the Collateral and shall perform all acts necessary and appropriate to implement the order appointing such receiver; (b) the receiver shall have access to the books and records used in the operation and maintenance of such Borrower Party’s business or the Collateral; and (c) Lender shall not be liable to any Borrower Party, or anyone claiming under or through any Borrower Party by reason of the appointment of a receiver or receiver’s actions or failure to act.
