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

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

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Powers Exercisable by Receiver or Trustee. In case the Notes Collateral shall be in the possession of a receiver or trustee, lawfully appointedappointed pursuant to the terms of this Indenture and the Collateral Trust Agreement and the other Security Documents, the powers conferred in this Article Eleven and the Security Documents 11 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 officer or Officers of the Company or a Guarantor officers thereof required by the provisions of this Article Eleven11; and if the Trustee shall be in the possession of the Notes Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Appears in 3 contracts

Samples: Indenture (Ak Steel Holding Corp), Indenture (Ak Steel Holding Corp), Supplemental Indenture (Ak Steel Corp)

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

Samples: Global Crossing LTD, Global Crossing Uk Telecommunications 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 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

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

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

Samples: Supplemental Indenture (Thermadyne Australia Pty Ltd.)

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

Samples: Mezzanine Indenture (Waterford Wedgwood PLC)

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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

Samples: Indenture (Raceland Truck Plaza & Casino LLC)

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

Samples: 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 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

Samples: Supplemental Indenture (Basic Energy Services Inc)

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