Receiver definition

Receiver means a receiver or receiver and manager or administrative receiver of the whole or any part of the Charged Property.

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Receiver is a person or business entity that is sent a Payment Instruction through the Zelle and Other Payment Services.

Receiver means receiver, liquidator, rehabilitator, or conservator as the context requires.

Examples of Receiver in a sentence

• Except as may be otherwise directed by the Agent, all money received from time to time by such Receiver in carrying out his/her/its appointment shall be received in trust for and be paid over to the Agent and any surplus shall be applied in accordance with Applicable Law.

• Any such Receiver shall, to the extent permitted by Applicable Law, be deemed the agent of such Debtor and not of the Agent, and the Agent shall not be in any way responsible for any misconduct, negligence or non-feasance on the part of any such Receiver or its servants, agents or employees.

• To facilitate the foregoing powers, any such Receiver may, to the exclusion of all others, including any Debtor, enter upon, use and occupy all premises owned or occupied by such Debtor wherein the Collateral may be situate, maintain the Collateral upon such premises, as such Receiver shall, in its reasonable discretion, determine.

• Every such Receiver may, in the discretion of the Agent, be vested with, in addition to the rights set out herein, all or any of the rights and powers of the Agent described in the Credit Agreement, the PPSA, the Companies Creditors Arrangement Act (Canada), the Winding-up and Restructuring Act (Canada) or the Bankruptcy and Insolvency Act (Canada).

More Definitions of Receiver

Receiver means a receiver, a manager or a receiver and manager.

Receiver means receiver or receiver and manager according to the nature of the appointment;

Receiver has the meaning set forth in the introduction to this Agreement.

Receiver means a receiver or receiver and manager or, where permitted by law, an administrative receiver of the whole or any part of the Collateral, and that term will include any appointee under joint and/or several appointments.

Receiver is a person or business entity that is sent a Payment Instruction through the Service.

Receiver means any receiver, receiver and manager, receiver-manager or trustee of the Lands or any other similar Person appointed from time to time by the Bank or by any court of competent jurisdiction;

Receiver means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law.