Examples of Special Receiver in a sentence
Special Receiver Claims are actions or claims held by the Receiver only by virtue of his status as a receiver, including but not limited to such claims or actions as preference, fraudulent conveyance, turnover, violation of stay or equitable subordination, and for which none of the Released Parties are or would be: (a) jointly or severally liable; or (b) subject to claims for indemnity, contribution, or any other claims concerning any of the Released Claims.
The terms of this Section 7.1 shall not apply to Special Receiver Claims, unless the defendant in such Special Receiver Claim seeks indemnity, contribution or any other claim concerning any of the Released Claims from any of the Released Parties or as a defense to a Special Receiver Claim seeks to attribute fault to any of the Released Parties.
Not required for this type of report PART#ENDNOTE1.1Served as Court Appointed Special Receiver for Peoples Bank vs.
Esq., is hereby appointed as Special Receiver for the Florida Property, referenced in Section V, Paragraph B.2, for the purpose of taking the necessary steps to market and sell the Florida Property and to secure, inventory, and liquidate the contents located therein.
While Count III does contain allegations that Defendant obtained the appointment of a Special Receiver and the transfer of domain names in the Virginia state court proceedings, these allegations do not support a conclusion that Defendant sought these orders to accomplish any “immediate purpose” other than to garnish assets in efforts to collect on the Final Default Judgment.Plaintiff seems to concede this point.
At its expense, the Company will, as soon as practicable thereafter, issue and deliver to such Holder, at such principal office, a certificate or certificates for the number of equity securities to which such Holder is entitled upon such conversion, together with any other securities and property to which the Holder is entitled upon such conversion under the terms of this Note, including a check payable to the Holder for any cash amounts payable as described herein.
The damages awarded in accordance with this order are intended to compensate for the damage to the minority shareholders’ share value by permitting the Special Receiver to sell assets to pay thedamages awarded herein over the time necessary to obtain the maximum value for the minority shareholders.
However, in an earlier interpleader action, the United States District Court for the Eastern District of Virginia, Alexandria Division, has already decided that any royalties owing under the license should be paid to a Special Receiver for Interlase.
Appellant Resolution Oversight Corporation (“Resolution”), as Special Receiver of Financial Insurance Company of America (“FIC”) sought to enforce subrogation rights against funds paid by Home State County Mutual Insurance Company (“Home State”) to appellee Arturo Garza.
The Court does not doubt that Special Receiver contends with complicated financial circumstances.