Common use of Appoint Receiver Clause in Contracts

Appoint Receiver. To the extent permitted by applicable law, the Secured Party shall have the following rights and remedies regarding the appointment of a receiver: (i) the Secured Party may have a receiver appointed as a matter of right, (ii) the receiver may be an employee of the Secured Party and may serve without bond, and (iii) all fees of the receiver and his or her attorney shall become part of the Obligations secured by this Agreement and shall be payable on demand, with interest at the Floating Rate from the date of expenditure until repaid.

Appears in 2 contracts

Samples: Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc)

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Appoint Receiver. To the extent permitted by applicable law, the Secured Party shall have the following rights and remedies regarding the appointment of a receiver: (i) the Secured Party may have a receiver appointed as a matter of right, (ii) the receiver may be an employee of the Secured Party and may serve without bond, and (iii) all fees of the receiver and his or her attorney shall become part of the Obligations Indebtedness secured by this Agreement and shall be payable on demand, with interest at the Floating Rate Note rate from the date of expenditure until repaid.

Appears in 1 contract

Samples: Security Agreement (Welund Fund Inc)

Appoint Receiver. To the extent permitted by applicable law, the Secured Party shall have the following rights and remedies regarding the appointment of a receiver: (i) the Secured Party may have a receiver appointed as a matter of right, ; (ii) the receiver may be an employee of the Secured Party and may serve without bond, ; and (iii) all fees of the receiver and his or her attorney shall become part of the Obligations Indebtedness secured by this Agreement and shall be payable on demand, with interest at the Floating Default Rate set forth in the Note from the date of expenditure until repaid.

Appears in 1 contract

Samples: Commercial Security Agreement (Giant Motorsports Inc)

Appoint Receiver. To the extent permitted by applicable law, the Secured Party shall have the following rights right and remedies regarding the appointment of a receiver: ; (ia) the Secured Party may have a receiver appointed as a matter of right, (iib) the receiver may be an employee of the Secured Party and may serve without bond, and (iiic) all fees of the receiver and his or her attorney shall become part of the Obligations indebtedness secured by this Security Agreement and shall be payable on demand, with interest at the Floating Rate Note rate from the date of expenditure until repaid.

Appears in 1 contract

Samples: Security Agreement (Heska Corp)

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Appoint Receiver. To the extent In addition to all rights permitted by applicable lawLaws, the Secured Party shall also have the following rights and remedies regarding the appointment of a receiver: (i) the Secured Party may have a receiver appointed as a matter of right, ; (ii) the receiver may be an employee or agent of the Secured Party and may serve without bond, ; and (iii) all fees of the receiver and his or her attorney shall become part of the Obligations Indebtedness secured by this Agreement and shall be he payable on demand, with interest at the Floating Rate from the date of expenditure until repaiddefault interest rate.

Appears in 1 contract

Samples: Commercial Security Agreement (Catalyst Semiconductor Inc)

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