Common use of Powers Exercisable by Receiver or Trustee Clause in Contracts

Powers Exercisable by Receiver or Trustee. In case Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents upon the Company and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor or of any Officer or Officers of the Company or a Guarantor required by the provisions of this Article Eleven.

Appears in 5 contracts

Sources: Indenture (Huntsman Advanced Materials (UK) LTD), Indenture (Crown Holdings Inc), Indenture (Huntsman Polymers Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral owned by the Co-Issuers or any Secured Guarantor shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents upon the Company Co-Issuers and the Secured Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Co-Issuers or a Guarantor the relevant Secured Guarantor, as the case may be, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article Eleven.

Appears in 3 contracts

Sources: Eighth Supplemental Indenture (Navios Maritime Holdings Inc.), Supplemental Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Holdings Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents IV, upon the Company and or the Guarantors Guarantors, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor the Guarantors, as applicable, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article ElevenIV.

Appears in 2 contracts

Sources: Indenture (RCN Corp /De/), Indenture (RCN Corp /De/)

Powers Exercisable by Receiver or Trustee. In case Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents upon the Company Issuer and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or a Guarantor or of any Officer or Officers of the Company Issuer or a Guarantor required by the provisions of this Article Eleven.

Appears in 2 contracts

Sources: Indenture (Global Crossing Uk Telecommunications LTD), Indenture (Global Crossing LTD)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents Twelve upon the Company and the Guarantors or any Guarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor any Guarantor, as applicable, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article ElevenTwelve.

Appears in 1 contract

Sources: Indenture (Hexacomb CORP)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven 12 and the Security Documents upon the Company Issuer and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company Issuer or a Guarantor or of any Officer or Officers of the Company Issuer or a Guarantor required by the provisions of this Article Eleven12.

Appears in 1 contract

Sources: Indenture (Basic Energy Services Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents 10 upon the Company and the Guarantors or any Subsidiary Guarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor any Subsidiary Guarantor, as applicable, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article Eleven10.

Appears in 1 contract

Sources: Indenture (Raceland Truck Plaza & Casino LLC)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents 10 upon the Company and the Guarantors or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor or of any Officer or Officers of the Company or a Guarantor thereof required by the provisions of this Article Eleven10.

Appears in 1 contract

Sources: Note Purchase Agreement (LSB Industries Inc)

Powers Exercisable by Receiver or Trustee. In case Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven X and the Security Documents upon the Company and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor or of any Officer or Officers of the Company or a Guarantor required by the provisions of this Article Eleven.X.

Appears in 1 contract

Sources: Indenture (Inspecciones Maritimas S.A)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents 10 upon the Company and the Guarantors or any Guarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor any Guarantor, as applicable, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article Eleven10.

Appears in 1 contract

Sources: Indenture (New Pier Operating Co Inc)

Powers Exercisable by Receiver or Trustee. In case Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven XIII and the Security Documents upon the Company and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor or of any Officer or Officers of the Company or a Guarantor required by the provisions of this Article ElevenXIII.

Appears in 1 contract

Sources: Mezzanine Indenture (Waterford Wedgwood PLC)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article Eleven and the Security Documents 10 upon the Company and the Guarantors or a Guarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor Guarantor, as applicable, or of any Officer officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article Eleven10.

Appears in 1 contract

Sources: Indenture (Thermadyne Australia Pty Ltd.)