Common use of Right to Appoint a Receiver Clause in Contracts

Right to Appoint a Receiver. The Collateral Agent may appoint by instrument in writing one or more Receivers of any Collateral. Any such Receiver shall have the rights set out in this Article 6. In exercising such rights, any Receiver shall act as and for all purposes shall be deemed to be the Collateral Agent of the Company and no Beneficiary shall be responsible for any act or default of any Receiver. The Collateral Agent may remove any Receiver and appoint another from time to time. An officer or employee of the Collateral Agent may be appointed as a Receiver. No Receiver appointed by the Collateral Agent need be appointed by, nor need its appointment be ratified by, or its actions in any way supervised by, a court. If two or more Receivers are appointed to act concurrently, they shall, unless otherwise expressly provided in the instrument appointing them, so act severally and not jointly and severally. The appointment of any Receiver or anything done by a Receiver or the removal or termination of any Receiver shall not have the effect of constituting any Beneficiary a mortgagee in possession in respect of the Collateral.

Right to Appoint a Receiver. The Collateral Agent Purchaser may appoint by instrument in writing one or more Receivers of any Collateral. Any such Receiver shall have the rights set out in this Article 6. In exercising such rights, any Receiver shall act as and for all purposes shall be deemed to be the Collateral Agent agent of Taseko and the Company and no Beneficiary Purchaser shall not be responsible for any act or default of any Receiver. The Collateral Agent Purchaser may remove any Receiver and appoint another from time to time. An officer or employee of the Collateral Agent Purchaser may be appointed as a Receiver. No Receiver appointed by the Collateral Agent Purchaser need be appointed by, nor need its appointment be ratified by, or its actions in any way supervised by, a court. If two or more Receivers are appointed to act concurrently, they shall, unless otherwise expressly provided in the instrument appointing them, so act severally and not jointly and severally. The appointment of any Receiver or anything done by a Receiver or the removal or termination of any Receiver shall not have the effect of constituting any Beneficiary the Purchaser a mortgagee in possession in respect of the Collateral.

Right to Appoint a Receiver. The Collateral Agent If a Default has occurred and is continuing, the Lender may appoint by instrument in writing one or more Receivers of any CollateralCollateral Property. Any such Receiver shall have the rights set out in this Article ARTICLE 6. In exercising such rights, any Receiver shall act as and for all purposes shall be deemed to be the Collateral Agent agent of the Company Corporation and no Beneficiary the Lender shall not be responsible for any act or default of any Receiver. The Collateral Agent Lender may remove any Receiver and appoint another from time to time. An officer or employee of the Collateral Agent Lender may be appointed as a Receiver. No Receiver appointed by the Collateral Agent Lender need be appointed by, nor need its appointment be ratified by, or its actions in any way supervised by, a court. If two or more Receivers are appointed to act concurrently, they shall, unless otherwise expressly provided in the instrument appointing them, so act severally and not jointly and severally. The appointment of any Receiver or anything done by a Receiver or the removal or termination of any Receiver shall not have the effect of constituting any Beneficiary the Lender a mortgagee in possession in respect of the CollateralCollateral Property.

Right to Appoint a Receiver. The Collateral Agent may appoint by instrument in writing one or more Receivers of any Collateral. Any such Receiver shall have the rights set out in this Article 6. In exercising such rights, any Receiver shall act as and for all purposes shall be deemed to be the Collateral Agent of the Company and no Beneficiary Holder Party shall be responsible for any act or default of any Receiver. The Collateral Agent may remove any Receiver and appoint another from time to time. An officer or employee of the Collateral Agent may be appointed as a Receiver. No Receiver appointed by the Collateral Agent need be appointed by, nor need its appointment be ratified by, or its actions in any way supervised by, a court. If two or more Receivers are appointed to act concurrently, they shall, unless otherwise expressly provided in the instrument appointing them, so act severally and not jointly and severally. The appointment of any Receiver or anything done by a Receiver or the removal or termination of any Receiver shall not have the effect of constituting any Beneficiary Holder Party a mortgagee in possession in respect of the Collateral.