Removal and Remuneration. The Administrative Agent may from time to time by writing under its hand remove any Receiver appointed by it and may, whenever it may deem it expedient, appoint a new Receiver in the place of any Receiver whose appointment may for any reason have terminated and may from time to time fix the remuneration of any Receiver appointed by it.
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Samples: Share Mortgage (Constar International Inc), Share Mortgage (Constar International Inc), Share Mortgage (Constar International Inc)
Removal and Remuneration. The Administrative Agent may from time to time by writing under its hand (subject to any requirement for an order of the court in the case of an administrative receiver) remove any Receiver appointed by it and may, whenever it may deem it expedient, appoint a new Receiver in the place of any Receiver whose appointment may for any reason have terminated and may from time to time fix the remuneration of any Receiver appointed by it.
Appears in 1 contract
Samples: Credit Agreement (Genicom Corp)
Removal and Remuneration. The Administrative Agent may from time to time by for writing under its hand (subject to any requirement for an order of the court in the case of an administrative receiver) remove any Receiver appointed by it and may, whenever it may deem it expedient, appoint a new Receiver in the place of any Receiver whose appointment may for any reason have terminated and may from time to time fix the remuneration of any Receiver appointed by it.
Appears in 1 contract
