Common use of Trustee’s Right to Receiver; Compliance with Act Clause in Contracts

Trustee’s Right to Receiver; Compliance with Act. As provided by the Act, the Trustee shall be entitled as of right to the appointment of a receiver; and the Trustee, the Bondholders and any receiver so appointed shall have such rights and powers and be subject to such limitations and restrictions as are contained in the Act.

Appears in 2 contracts

Samples: Supplemental Indenture (Middlesex Water Co), Indenture (Elite Pharmaceuticals Inc /De/)

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Trustee’s Right to Receiver; Compliance with Act. As provided by the Act, the The Trustee shall be entitled as of right to the appointment of a receiver; receiver and the Trustee, the Bondholders and any receiver so appointed shall have such rights and powers and be subject to such limitations and restrictions as are contained in the ActAct and other applicable law of the State.

Appears in 1 contract

Samples: Master Trust Indenture

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Trustee’s Right to Receiver; Compliance with Act. As provided by the Act, the Trustee shall be entitled as of right to the appointment of a receiver; and the Trustee, the Bondholders Owners of the Bonds and any receiver so appointed shall have such rights and powers and be subject to such limitations and restrictions as are contained in the Act.

Appears in 1 contract

Samples: Trust Indenture (Sterigenics International)

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