Common use of Receiver’s Powers Clause in Contracts

Receiver’s Powers. (1) Any receiver appointed by the Lender is vested with the rights and remedies which could have been exercised by the Lender in respect of 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 within the sole and unfettered discretion of the Lender.

Appears in 2 contracts

Samples: Securities Pledge Agreement (Canada Goose Holdings Inc.), Securities Pledge Agreement (Canada Goose Holdings Inc.)

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Receiver’s Powers. (1) Any receiver appointed by the Lender is shall be vested with the rights and remedies which could have been exercised by the Lender in respect of the Pledgor Borrower 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 Lender, acting reasonably.

Appears in 1 contract

Samples: sec.report

Receiver’s Powers. (1) Any receiver appointed by the Lender is shall be vested with the rights and remedies which could have been exercised by the Lender in respect of the Pledgor Corporation 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 Lender.

Appears in 1 contract

Samples: Security Agreement (Zixit Corp)

Receiver’s Powers. (1) Any receiver appointed by the Lender is shall be vested with the rights and remedies which could have been exercised by the Lender in respect of the Pledgor Company 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 Lender.

Appears in 1 contract

Samples: Security Agreement (Cephalon Inc)

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Receiver’s Powers. (1) Any receiver appointed by the Lender is vested with the rights and remedies which could have been exercised by the Lender in respect of the Pledgor Borrower 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 Lender.

Appears in 1 contract

Samples: Security Agreement (Gilla Inc.)

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