Common use of Appointment of receiver, legal process Clause in Contracts

Appointment of receiver, legal process. an encumbrancer takes possession of, or a trustee or administrative receiver or other receiver or similar officer is appointed in respect of, all or any part of the business or assets of the Issuer, or distress or any form of execution or diligence is levied or enforced upon or sued out against any such assets and is not discharged within 21 days of being levied, enforced or sued out, or any Security Interest which may for the time being affect any of its assets becomes enforceable; or

Appointment of receiver, legal process. an encumbrancer takes possession of, or a trustee or administrative receiver or other trustee, receiver or similar officer is appointed in respect of, all or any part of the business or assets of the Issuer, Borrower or distress or any form of execution or diligence is levied or enforced upon or sued out against any such business or assets and is not discharged within 21 seven (7) days of being levied, enforced or sued out, or any Security Interest which may for the time being affect any of its business or assets becomes enforceable; or;

Appointment of receiver, legal process. an encumbrancer takes possession of, or a trustee or administrative receiver or other receiver or similar officer is appointed in respect of, all or any part of the business or assets of the Issuer, Borrower or distress or any form of execution or diligence is levied or enforced upon or sued out against any such assets and is not discharged within 21 fifteen days of being levied, enforced or sued out, or any Security Interest encumbrance which may for the time being affect any of its assets becomes enforceable; or;

Appointment of receiver, legal process. an encumbrancer takes possession of, or a trustee or administrative receiver or other trustee, receiver or similar officer is appointed in respect of, all or any part of the business respective businesses or assets of the Issuer, Borrower or the Guarantor or distress or any form of execution or diligence is levied or enforced upon or sued out against any such business or assets and is not discharged within 21 seven (7) days of being levied, enforced or sued out, or any Security Interest which may for the time being affect any of its their respective businesses or assets becomes enforceable; or;