Common use of Appointment of receivers and managers Clause in Contracts

Appointment of receivers and managers. any administrative or other receiver, liquidator, compulsory manager or other similar officer is appointed of any Security Party or other Relevant Party or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of any Security Party or other Relevant Party; or

Appointment of receivers and managers. any administrative or other receiver, liquidator, compulsory manager or other similar officer is appointed of any Security Party or any other Relevant Party member of the Group or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of any Security Party or any other Relevant Partymember of the Group; or

Appointment of receivers and managers. any administrative or other receiver, liquidator, compulsory manager or other similar officer is appointed of any Security Party or other Relevant Party member of the Group or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of any Security Party or other Relevant Partymember of the Group; or