Common use of Receiver’s Powers Clause in Contracts

Receiver’s Powers. (a) Any receiver appointed by the Pledgee pursuant to Section 7 hereof is vested with the rights and remedies which could have been exercised by the Pledgee in respect of any Pledgor or the Collateral and such other powers and discretions as are granted in the instrument of appointment and any supplemental instruments. The identity of the receiver, its replacement and its remuneration are within the sole and unfettered discretion of the Pledgee.

Appears in 10 contracts

Samples: Security Agreement (Ciena Corp), Pledge Agreement (Ciena Corp), Term Loan Pledge Agreement (Ciena Corp)

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Receiver’s Powers. (a%4) Any receiver appointed by the Pledgee pursuant to Section 7 hereof is vested with the rights and remedies which could have been exercised by the Pledgee in respect of any Pledgor or the Collateral and such other powers and discretions as are granted in the instrument of appointment and any supplemental instruments. The identity of the receiver, its replacement and its remuneration are within the sole and unfettered discretion of the Pledgee.

Appears in 1 contract

Samples: Credit Agreement (Ciena Corp)

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Receiver’s Powers. (a1) Any receiver appointed by the Pledgee pursuant to Section 7 hereof is shall be vested with the rights and remedies which could have been exercised by the Pledgee in respect of any Pledgor the Pledgor, or the Collateral and such other powers and discretions as are granted in the instrument of appointment and any supplemental instruments. The identity of the receiver, its replacement and its remuneration are shall be within the sole and unfettered discretion of the Pledgee.

Appears in 1 contract

Samples: Security Agreement (Nortel Networks Corp)

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