Common use of Take Possession Clause in Contracts

Take Possession. power to take immediate possession of, collect and get in all or any part of the Security Assets including without limitation all payment, dividends, interests and other monies arising therefrom or accruing thereto (whether before or after the date of his appointment) and without prejudice to the foregoing, to cause to be registered all or any part of the Security Assets in its own name or in the name of its nominee(s) or in the name of any purchaser(s) thereof;