Receivership and Foreclosure. (A) At the option of the City, subject to Applicable Law, this Franchise may be revoked one hundred twenty (120) days after the appointment of a receiver or trustee to take over and conduct the business of Grantee whether in a receivership, reorganization, bankruptcy or other action or proceeding, unless:
Receivership and Foreclosure. 4.11.1 At the option of the County, this Agreement shall be deemed terminated one hundred twenty (120) calendar Days after the appointment of a receiver or trustee for the Licensee, unless (a) the receivership or trustee is vacated within one hundred (120) Days of such appointment; or (b) the receiver or trustee has, within one hundred (120) Days of appointment, fully complied with all terms and conditions of this Agreement and has remedied all defaults under this Agreement
Receivership and Foreclosure. (A) At the option of the Grantor, subject to Applicable Law, this Franchise may be revoked one hundred twenty (120) days after the appointment of a receiver or trustee to take over and conduct the business of Grantee whether in a receivership, reorganization, bankruptcy or other action or proceeding, unless:
Receivership and Foreclosure. (A) At the option of Grantor, subject to applicable law, this Agreement may be revoked one-hundred twenty (120) days after the appointment of a receiver or trustee to take over and conduct the business of Grantee whether in a receivership, reorganization, bankruptcy or other action or proceeding unless:
Receivership and Foreclosure. (a) At the option of Grantor, this franchise will terminate 120 days after the appointment of a receiver, or trustee, to take over and conduct the business of Grantee, whether in a receivership, reorganization, bankruptcy or similar action or proceeding, unless that receivership or trusteeship is vacated prior to the expiration of that 120 day period, or unless:
Receivership and Foreclosure a. At the option of the County and subject to Applicable Laws, a Franchise granted hereunder may be revoked one hundred twenty (120) days after appointment of a receiver(s) or trustee(s) to take over and conduct the business of Grantee, whether in a receivership, reorganization, bankruptcy or other action or proceeding, unless:
Receivership and Foreclosure. 13.6.1. At the option of City, subject to applicable law, this agreement may be revoked 120 days after the appointment of a receiver or trustee to take over and conduct the business of Grantee whether in a receivership, reorganization, bankruptcy or other action or proceeding unless:////
Receivership and Foreclosure. Grantor and Grantee acknowledge that the following paragraphs may not be applicable or are subject to the jurisdiction of the bankruptcy court.
Receivership and Foreclosure a. The Franchise shall, at the option of the Grantors, cease and terminate one hundred twenty (120) days after the appointment of a receiver or receivers, or trustee or trustees, to take over and conduct the business of the Grantee, whether in a receivership, reorganization, or other action or proceeding, unless such receivership or trusteeship shall have been vacated prior to the expiration of said one hundred twenty (120) days, or unless such receivers or trustees shall have, within one hundred twenty (120) days after their election or appointment, fully complied with all the terms and provisions of this Franchise, and the receivers or trustees, within said one hundred twenty (120) days, shall have remedied all defaults under the Franchise; and such receivers or trustees shall, within said one hundred twenty (120) days, execute an agreement, duly approved by the court having jurisdiction of the premises, whereby such receivers or trustees assume and agree to be bound by each and every term, provisions and limitation of this Franchise. b. In the case of a foreclosure or other judicial sale or transfer in lieu thereof of the plant, property and equipment of the Grantee or any part thereof, including or excluding the Franchise, the Grantors may serve notice of termination upon the Grantee and the successful bidder at such sale or proposed transferee, in which event the Franchise and all rights and privileges of the Grantee granted hereunder shall cease and terminate one hundred twenty (120) days after service of such notice unless the Grantors shall have approved the transfer of the Franchise pursuant to section 19. Provided, however, that if such transferee is a prior secured party pursuant to section 19.a to whom the transfer has been made in lieu of foreclosure or as a result of a foreclosure or other judicial sale or is a successful bidder at foreclosure or other judicial sale whom the Grantors has not approved pursuant to Section 19, the transferee shall be permitted to continue operating the system for twelve months from the date of such transfer, while actively seeking another operator meeting Grantors' requirements for approval, if the transferee shall have covenanted and agreed with the Grantors to assume and be bound by all of the terms and conditions of the Franchise reasonably applicable under the conditions and circumstances existing during said twelve month period.
Receivership and Foreclosure. (A) At the option of the District, subject to Applicable Law, this License may be revoked one hundred twenty (120) days after the appointment of a receiver or trustee to take over and conduct the business of Grantee whether in a receivership, reorganization, bankruptcy or other action or proceeding, unless:
