Appointment of Receiver definition

Appointment of Receiver. At any time: 14.1.1. after failure by the Charging Company to pay any Secured Sum due from it under clause 2.2 on the due date for payment; or 14.1.2. following the occurrence and/or during the continuance of an Event of Default; or 14.1.3. if at any time the Agent shall be of the reasonable opinion that any material part of the Charged Property of the Charging Company is in imminent danger of seizure, distress or other legal process; the Agent may appoint by writing any person or persons to be a receiver and manager or receivers and managers of all or any part of the Assets of the Charging Company and, in the case of clause 14.1.3, such appointment shall only be in relation to the part of the Charged Property which the Agent believes to be in such danger.
Sample 1
Appointment of Receiver without regard to: (i) the adequacy of the security for the obligations by virtue of this Security Agreement or (ii) the solvency of the Pledgor, seek the appointment of a receiver or receivers to take possession of any or all of the Collateral, with the power to preserve, protect, and operate the Collateral preceding foreclosure or sale and apply the proceeds, over and above the cost of the receivership, against the Obligations, The receiver or receivers may serve without bond if permitted by law.
Sample 1

Examples of Appointment of Receiver in a sentence

  • On January 17, 2012, the SEC filed its Complaint and Ex Parte Emergency Motion for Appointment of Receiver.

  • Appointment of Receiver 60 (a) Time for Motion 60 (b) Temporary Receiver 60 (c) Permanent Receiver 60 (d) Parties to be Notified 60 (e) Bond 60 66-2.

  • On October 5, 2018, the Court entered an Order Granting Plaintiff’s Motion for Statutory Restraining Order, Appointment of Receiver, an Accounting and Other Equitable Relief (the “Statutory Restraining Order”).

  • None of the covenants in this Clause 14 (Appointment of Receiver) shall be construed as limiting any powers exercisable by any Receiver under this Debenture.

  • See Complaint and Ex Parte Emergency Motion for Appointment of Receiver (the “SEC Complaint”) (ECF No. 1).MIC VII is a Delaware limited liability company incorporated in March 2005, with its principal place of business formerly in Clayton, Missouri.

  • Every Receiver appointed in accordance with Clause 9.1 (Appointment of Receiver) shall have and be entitled, subject to the terms of the Option Agreement, to exercise all of the powers of the Mortgagee conferred by Clause 8.2 (Powers) in addition to the powers conferred by applicable law on any receiver.

  • On March 6, 2020, the Court granted the Commission’s Motion for Appointment of Receiver and entered an Order appointing Mark A.

  • The powers of appointment of a Receiver pursuant to Clause 19.1 (Appointment of Receiver) above shall be in addition to all statutory and other powers of appointment of the Lender under the LPA (as extended by this Deed), the Insolvency Act or otherwise and such powers shall remain exercisable from time to time by the Lender in respect of any part of the Security Assets and shall be exercisable without the restrictions contained in sections 103 and 109 of the LPA or otherwise.

  • Voluntary Bankruptcy; Appointment of Receiver, etc 57 Section 7.08.

  • Name and title of appointing authorityorm 8 Letter to Institution Informing It of Appointment of Receiver Name of Bank Address of BankSubject: Appointment of Receiver Dear Sir/Madam:This is to notify you that [the appointing authority] has appointed a Receiver for [name and address of bank] and authorized the undersigned to deliver notice of such appointment.

Related to Appointment of Receiver

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • Serviced Appointment has the meaning set forth in Section 1.1.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  • Provisional appointment means the employment of a person to a vacant position for no more than a six-month period for emergency or in interim conditions. The General Manager may extend a provisional appointment for up to an additional six-month period.

  • Receiver means a receiver or receiver and manager or administrative receiver of the whole or any part of the Charged Property.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • Liquidator has the meaning set forth in Section 13.2.A hereof.

  • Bankruptcy Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.

  • Official Receiver means the Official Assignee appointed under the Bankruptcy Act (Cap. 20) and includes the deputy of any such Official Assignee and any person appointed as Assistant Official Assignee;

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Probationary appointment means employment for a designated period of time during which the probationer is evaluated as a candidate to be awarded tenure. In the event an academic employee is employed full-time as a temporary academic employee and the next year with a probationary appointment as an academic employee, the consecutive College quarters in which the individual was so employed full-time shall be credited towards tenure consideration.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Appointed means the act of naming or designating someone to a position or office.

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Temporary appointment means an employee hired into a position of limited duration or for completion of a specific task or project without following the rules regarding recruitment and selection. Temporary employees serve at the pleasure of the appointing authority and may be removed at any time without cause, notice or any right of appeal. Temporary employees are not eligible for benefits other than those required by state or federal law.

  • Court appointed special advocate means a volunteer guardian ad litem appointed by the court who is responsible for: researching the background of assigned child abuse, neglect and dependency cases; representing the child's best interests; speaking for the child in all hearings, reviews and other relevant case activities; monitoring the child during the life of the case; and advocating for a safe and permanent home for the child.

  • Curator means any person who is authorized to act under letters of curatorship granted or signed and sealed by a Master, or under an endorsement made under section seventy-two;

  • Notice of Removal means a notice, under clause 17.4.5, from an Association to a Nominated Person Removing the Nominated Person.

  • Appointment Expiration Time has the meaning set forth in Section 3.7.

  • appointor means in relation to an alternate Director, the Director who appointed the alternate to act as his alternate;

  • Successor Servicer has the meaning specified in Section 3.07(e) of the Indenture.

  • Exclusive representative means the labor organization that, as a result of certification by