Receivership Action definition

Receivership Action means any pending receivership action, or request for a receiver in the Foreclosure Action, if any, with respect to the Property.
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Receivership Action means the receivership established by that certain Order Appointing Receiver Pendente Lite issued by the Court of Chancery for the State of Delaware on October 14, 2009, in Civil Action No. 4817-VCN, and all matters pertaining to such receivership. The Receivership Action was dismissed by that certain Order Terminating Receivership issued by said Court on May 15, 2014.
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Receivership Action means an action brought pursuant to this chapter for the appointment of a receiver of a corporation;
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Examples of Receivership Action in a sentence

  • If Seller is prohibited under Legal Requirements to assign its rights with respect to the Foreclosure Action or the Receivership Action, as applicable, Seller shall dismiss the Foreclosure Action and the Receivership Action without prejudice promptly after Closing.

  • In the event that the Foreclosure Action or the Receivership Action is pending and a foreclosure sale is not held with respect to the Foreclosure Action prior to the Closing Date, Seller shall assign its rights with respect to the Foreclosure Action and Receivership Action, as applicable, and any Foreclosure Judgment to Buyer at Closing unless prohibited by Legal Requirements.

  • The U.S. District Court presiding over the Receivership Action shall have original and exclusive jurisdiction over any such disputes.

  • In addition, to the extent a Receiver is owed any fees or costs with respect to any Receivership Action that have not been paid as of the Closing Date, Buyer and not Seller shall be responsible for the payment of any such fees and costs.

  • Seller has disclosed to Buyer and Buyer acknowledges the existence of any Foreclosure Action and/or Receivership Action.

  • If the Loan or Foreclosure Judgment (if any) is or becomes subject to any claim, action, order, lawsuit or other proceeding, administrative or otherwise, including but not limited to, the Foreclosure Action, the Receivership Action, or other foreclosure or similar action or any bankruptcy filed by or against any Borrower Party (collectively, “Litigation”), Buyer shall accept the Loan and the Foreclosure Judgment (if any) subject to such Litigation without any reduction to the Purchase Price.

  • For these purposes, Borrower hereby grants to Lender its limited power of attorney authorizing Lender to represent their consent to the entry of any order appointing a receiver that Lender may present in the Receivership Action, which order shall include such terms and provisions agreeable to Lender in its sole and absolute discretion.

  • Until such time as the payments required in paragraph 12(a)-(c) have been made or until the General Receiver has disbursed all of the Receivership Property and the Receivership Action is finally closed, whichever occurs first, NWTS, by and through its General Receiver, shall in good faith use commercially reasonable efforts to retain all records relating to compliance activities under this Agreement.

  • Borrower herewith waives any and all defenses that it may have with respect to such Receivership Action, and herewith agrees that it shall not assert any such defenses in such Receivership Action.

  • The duration of this Agreement shall be until the General Receiver has paid all compensation provided for in Paragraph 12, or until the General Receiver has disbursed all of the Receivership Property to creditors and the Receivership Action is finally closed, whichever occurs first.


More Definitions of Receivership Action

Receivership Action shall have the meaning set forth on page 1.
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Receivership Action as used herein means the action captioned ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, et al.
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Receivership Action means the litigation styled “CWCapital Asset Management, LLC, as Special Servicer for Bank of America, N.A. as successor by merger to LaSalle Bank National Association as Trustee for the Registered Holders of GMAC Commercial Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2003-C3 vs. Westhollow Landmark LP, Cause No. 2009-21766 in the 3▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Texas.
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Receivership Action means that certain action pending before the District Court in the County of El Paso, Colorado, Case No. 2010CV3797.
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Receivership Action has the meaning ascribed to it in the Recitals. (lll) “Receivership Order” has the meaning ascribed to in in the Recitals.
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Receivership Action means any action filed by the Seller requesting court appointment of a receiver for the property in connection with the Loan.
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Related to Receivership Action

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Receivership means a proceeding in which a receiver is appointed.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.