Receiver’s Powers. (1) Any receiver appointed by the Holder shall be vested with the rights and remedies which could have been exercised by the Holder in respect of the Corporation or the Charged Premises and such other powers and discretions as are granted in the instrument of appointment and any supplemental instruments. The identity of the receiver, any replacement and any remuneration shall be within the sole and unfettered discretion of the Holder.
Appears in 3 contracts
Samples: Avery Berkel Holdings LTD, Avery Berkel Holdings LTD, Sterling Chemical Inc
Receiver’s Powers. (1) Any receiver appointed by the Holder shall be is vested with the rights and remedies which could have been exercised by the Holder in respect of the Corporation Obligor or the Charged Premises and such other powers and discretions as are granted in the instrument of appointment and any supplemental instruments. The identity of the receiver, any replacement and any remuneration shall be are within the sole and unfettered discretion of the Holder.
Appears in 3 contracts
Samples: Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.), Purchase Agreement (Halo Resources LTD)
