Benefit for Receiver etc Sample Clauses
The 'Benefit for Receiver etc' clause establishes that the rights, protections, and benefits provided under the agreement extend to the receiver and potentially other specified parties, such as agents or successors. In practice, this means that if a receiver is appointed—often in the context of insolvency or enforcement of security—they are entitled to rely on and enforce the terms of the agreement as if they were the original party. This clause ensures that the receiver can effectively manage or realize assets without legal obstacles, thereby facilitating the smooth administration or enforcement of the agreement in situations where control shifts from the original party to a receiver.
Benefit for Receiver etc. The Security Trustee will be deemed to have accepted the benefit of this clause 11 as agent for the Receiver and any attorney, agent or other person appointed under this Deed or by the Security Trustee who are not parties to this Deed and the Security Trustee will hold the benefit of such provisions on trust for the benefit of those grantees. -------------------------------------------------------------------------------- 12. Protection of persons dealing with Security Trustee or Receiver
Benefit for Receiver etc. The Security Trustee shall be deemed to have accepted the benefit of this clause 17 as agent for the Receiver and any attorney, agent or other person appointed hereunder or by the Security Trustee who are not parties to this Deed and the Security Trustee shall hold the benefit of such provisions on trust for the benefit of those grantees. -------------------------------------------------------------------------------- 18 ASSURANCE
18.1 FURTHER ASSURANCE The Issuing Trustee shall procure that all persons having or claiming any estate or interest in the Charged Property or any part thereof shall from time to time and at all times hereafter upon the request of the Security Trustee and at the cost of the Issuing Trustee, make do and execute or cause to be made, done and executed all such acts, deeds and assurances whatsoever for more satisfactorily securing to the Security Trustee the payment of the Secured Moneys or for assuring or more satisfactorily assuring the Charged Property to the Security Trustee or as the Security Trustee may direct and in particular shall, whenever requested by the Security Trustee so to do, execute in favour of the Security Trustee such legal mortgages transfers assignments or other assurances of all or any part of the Charged Property in such form and containing such powers and provisions as the Security Trustee shall require.