Common use of Receiver’s certificates Clause in Contracts

Receiver’s certificates. A Receiver appointed pursuant to paragraph (a) may, with the consent in writing of the Holder, borrow money for the maintenance, protection or preservation of the Mortgaged Property or for the carrying on of the business or undertaking of the Corporation, and any Receiver may issue certificates (in this paragraph called “Receiver’s Certificates”) for such amounts as will in the opinion of the Holder be sufficient for obtaining upon the security of the Mortgaged Property the amounts from time to time required, and such Receiver’s Certificates may be payable either to order or bearer and may be payable at such time or times as the Holder may consider expedient, and shall bear such interest as shall therein be provided and the Receiver may sell, deposit, pledge or otherwise dispose of the same in such manner as the Holder may consider advisable and may pay such commission on the sale thereof as he may consider reasonable, and the amounts from time to time payable by virtue of such Receiver’s Certificates shall at the option of the Holder be entitled to the security of the lien hereof in priority to the Obligations.

Receiver’s certificates. A Receiver appointed pursuant to paragraph (a) may, with the consent in writing of the HolderSecured Party, borrow money for the maintenance, protection or preservation of the Mortgaged Property Collateral or for the carrying on of the business or undertaking of the CorporationDebtor, and any Receiver may issue certificates (in this paragraph called “Receiverreceiver’s Certificates”) certificates), for such amounts as will in the opinion of the Holder Secured Party be sufficient for obtaining upon the security of the Mortgaged Property Collateral the amounts from time to time required, and such Receiverreceiver’s Certificates certificates may be payable either to order or bearer and may be payable at such time or times as the Holder Secured Party may consider expedient, and shall bear such interest as shall therein be provided and the Receiver may sell, deposit, pledge or otherwise dispose of the same in such manner as the Holder Secured Party may consider advisable and may pay such commission on the sale thereof as he may consider reasonable, and the amounts from time to time payable by virtue of such Receiverreceiver’s Certificates certificates shall at the option of the Holder Secured Party be entitled to the security of the lien hereof in priority to the Obligations.

Receiver’s certificates. A Receiver appointed pursuant to paragraph (a) may, with the consent in writing of the Holder, borrow money for the maintenance, protection or preservation of the Mortgaged Property or for the carrying on of the business or undertaking of the CorporationDebtor, and any Receiver may issue certificates (in this paragraph called “"Receiver’s 's Certificates”) "), for such amounts as will in the opinion of the Holder be sufficient for obtaining upon the security of the Mortgaged Property the amounts from time to time required, and such Receiver’s 's Certificates may be payable either to order or bearer and may be payable at such time or times as the Holder may consider expedient, and shall bear such interest as shall therein be provided and the Receiver may sell, deposit, pledge or otherwise dispose of the same in such manner as the Holder may consider advisable and may pay such commission on the sale thereof as he the Receiver may consider reasonable, and the amounts from time to time payable by virtue of such Receiver’s 's Certificates shall at the option of the Holder be entitled to the security of the lien hereof in priority to the Obligations.

Receiver’s certificates. A Receiver appointed pursuant to paragraph (a) may, with the consent in writing of the Holder, borrow money for the maintenance, protection or preservation of the Mortgaged Property or for the carrying on of the business or undertaking of the CorporationDebtor, and any Receiver may issue certificates (in this paragraph called “Receiver’s Certificates”) ), for such amounts as will in the opinion of the Holder be sufficient for obtaining upon the security of the Mortgaged Property the amounts from time to time required, and such Receiver’s Certificates may be payable either to order or bearer and may be payable at such time or times as the Holder may consider expedient, and shall bear such interest as shall therein be provided and the Receiver may sell, deposit, pledge or otherwise dispose of the same in such manner as the Holder may consider advisable and may pay such commission on the sale thereof as he the Holder may consider reasonable, and the amounts from time to time payable by virtue of such Receiver’s Certificates shall at the option of the Holder be entitled to the security of the lien hereof in priority to the Obligations.