Common use of Privileges Clause in Contracts

Privileges. Each Receiver and the Security Trustee is entitled to all the rights, powers, privileges and immunities conferred by the Act on mortgagees and receivers when such receivers have been duly appointed under the Act, except that Section 103 of the Act does not apply.

Appears in 6 contracts

Samples: Share Purchase Agreement (British Energy Group PLC), Share Purchase Agreement (British Energy Group PLC), Pooling and Settlement Agreement (British Energy Group PLC)

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Privileges. Each Receiver and the Security Trustee Agent is entitled to all the rights, powers, privileges and immunities conferred by the Act on mortgagees and receivers when such receivers have been duly appointed under the Act, except that Section 103 of the Act does not apply.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement

Privileges. Each Receiver and the Security Trustee is entitled to all the rights, powers, privileges and immunities conferred by the Act on mortgagees and receivers when such receivers have been duly appointed under the Act, except that Section 103 of the Act does not apply.

Appears in 2 contracts

Samples: Security Agreement, Agreement (Halliburton Co)

Privileges. Each Receiver and the Security Trustee is entitled to all the rights, powers, privileges and immunities conferred by law (including by the Act Act), as extended by this Agreement, on mortgagees and receivers when such receivers have been duly appointed under any law (including the Act, except ) save that Section section 103 of the Act does shall not apply.

Appears in 1 contract

Samples: Security Trust Agreement

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Privileges. Each Receiver and the Security Trustee Lender is entitled to all the rights, powers, privileges and immunities conferred by the Act on mortgagees and receivers when such receivers have been duly appointed under the Act, except that Section 103 of the Act does not apply.

Appears in 1 contract

Samples: Bridge Facility Agreement (Professional Staff PLC)

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