Common use of Appointment of a Receiver Clause in Contracts

Appointment of a Receiver. If a receiver of the Trust Estate shall be appointed in judicial proceedings, the Trustee may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Trustee shall be entitled to retain possession and control of all cash held by or deposited with it or its agents pursuant to any provision of this Agreement or any Security Document.

Appears in 3 contracts

Samples: Trust Agreement (Caremark Rx Inc), Trust Agreement (Caremark Rx Inc), Trust Agreement (Caremark Rx Inc)

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Appointment of a Receiver. If a receiver of the Trust Estate shall be appointed in judicial proceedings, the Lender or the Indenture Trustee may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Collateral Trustee shall shall, to the extent permitted by law, be entitled to retain possession and control of all cash held by or deposited with it or its agents or co-trustees pursuant to any provision of this Agreement or any Security Collateral Document.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

Appointment of a Receiver. If a receiver of the Trust Estate shall be appointed in judicial proceedings, the Bank Administrative Agent, the 1992 Indenture Trustee, the 1996 Indenture Trustee, or the Senior Note Indenture Trustee may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Collateral Trustee shall shall, to the extent permitted by law, be entitled to retain possession and control of all cash held by or deposited with it or its agents or co-trustees pursuant to any provision of this Agreement or any Security Shared Collateral Document.

Appears in 1 contract

Samples: Collateral Trust Agreement (FMC Corp)

Appointment of a Receiver. If a receiver of the Trust Estate ------------------------- shall be appointed in judicial proceedings, the Lender or the Indenture Trustee may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Collateral Trustee shall shall, to the extent permitted by law, be entitled to retain possession and control of all cash held by or deposited with it or its agents or co-trustees pursuant to any provision of this Agreement or any Security Collateral Document.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

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Appointment of a Receiver. If a receiver of the Trust ------------------------- Estate shall be appointed in judicial proceedings, the Lender or the Indenture Trustee may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Collateral Trustee shall shall, to the extent permitted by law, be entitled to retain possession and control of all cash held by or deposited with it or its agents or co-trustees pursuant to any provision of this Agreement or any Security Collateral Document.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

Appointment of a Receiver. If a receiver of the Trust Estate shall be appointed in judicial proceedings, the Trustee Administrative Agent may be appointed as such receiver. Notwithstanding the appointment of a receiver, the Trustee shall shall, to the extent permitted by law, be entitled to retain possession and control of all cash held by or deposited with it or its agents or co-trustees pursuant to any provision of this Agreement or any Security Collateral Document.

Appears in 1 contract

Samples: Collateral Trust Agreement (Westpoint Stevens Inc)

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