Examples of Receivership Order in a sentence
Unless otherwise ordered (whether before or after the date of this Order), the Receiver shall not make any distributions to creditors of net proceeds from sale of the Purchased Assets without further order of this Court, provided however the Receiver may apply any part of such net proceeds to repay any amounts the Receiver has borrowed for which it has issued a Receiver’s Certificate pursuant to the Receivership Order.
A Corrected Receivership Order, which corrected formatting errors, was entered the next day, Docket No. 491.
The assets of 12 of these affiliates had been frozen by the initial Receivership Order.
On July 11, 2019, the Court entered a Consolidated Receivership Order, which is now the operative document governing the Receiver’s activities.
Pursuant to paragraph 10 of the Receivership Order, Court approval of any motion filed by the Receiver shall be given as a matter of course within 10 days after the motion is filed and served.