Common use of Right to Receiver Clause in Contracts

Right to Receiver. Following the occurrence of an Event of Default, if Tenant fails after receipt of a Notice of Default to cure the default within the time period set forth in this Agreement, the Landlord, at its option, may have a receiver appointed to take possession of the interest of Tenant in the Premises with power in the receiver (a) to administer the interest in the Premises held by Tenant, (b) to collect all funds available in connection with the operation of the Premises, and (c) to perform all other acts consistent with the obligations of Tenant under this Agreement, as the court deems proper.

Right to Receiver. Following the occurrence of an Event of Default, if the Tenant fails after receipt of a Notice of Default to cure the default within the time period set forth in this AgreementLease, the Landlord, at its option, may have a receiver appointed to take possession of the Tenant’s interest of Tenant in the Premises with power in the receiver receiver: (a) to administer the Tenant’s interest in the Premises held by Tenant, Premises; (b) to collect all funds available in connection with the operation of the Premises, ; and (c) to perform all other acts consistent with the Tenant’s obligations of Tenant under this AgreementLease, as the court deems proper.