Common use of Assembly of Collateral; Receiver Clause in Contracts

Assembly of Collateral; Receiver. The Borrower shall, upon Lenders’ request, assemble the Collateral and otherwise make it available to Lenders. Lenders may have a receiver appointed for all or any portion of the Borrower’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.

Appears in 1 contract

Sources: Loan and Security Agreement (Beyond Air, Inc.)

Assembly of Collateral; Receiver. The Borrower Company shall, upon the Lenders' request, assemble the Collateral and otherwise make it available to the Lenders. The Lenders may have a receiver appointed for all or any portion of the Borrower’s Company's assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.

Appears in 1 contract

Sources: Security Agreement (Geerlings & Wade Inc)

Assembly of Collateral; Receiver. The Borrower shall, upon Lenders’ L▇▇▇▇▇’s request, assemble the Collateral and otherwise make it available to LendersLender. Lenders Lender may have a receiver appointed for all or any portion of the Borrower’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.

Appears in 1 contract

Sources: Loan Agreement (Beyond Air, Inc.)