Common use of Appointment of receivers and managers Clause in Contracts

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of the Borrower; or

Appears in 5 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any other Security Party or other member of the Group or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of the BorrowerBorrower or any other Security Party or other member of the Group; or

Appears in 2 contracts

Sources: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (DryShips Inc.)

Appointment of receivers and managers. any administrative or other receiver is appointed anywhere of the Borrower or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of the Borrower; or

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or all or any substantial part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any substantial part of the assets of the Borrower; or

Appears in 2 contracts

Sources: Loan Agreement (Golar LNG Partners LP), Facility Agreement (Golar LNG LTD)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any material part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of the Borrower; or

Appears in 2 contracts

Sources: Loan Facility Agreement (Bookham, Inc.), Loan Facility Agreement (Bookham, Inc.)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower that person or any part of its assets and/or undertaking or any other material steps are taken to enforce any Encumbrance over all or any part of the assets of the Borrower; orthat person,

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Aurelia Energy N V)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any part of its material assets and/or undertaking undertakings or the Borrower requests any other steps are taken person to enforce any Encumbrance over all or any part of the assets of the Borrowerappoint such a receiver; or

Appears in 1 contract

Sources: Loan Agreement (Weichai America Corp.)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance encumbrance over all or any part of the assets of the Borrower; or

Appears in 1 contract

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)

Appointment of receivers and managers. any administrative or other receiver is appointed of the Borrower or any part of its assets and/or undertaking or any other steps are taken to enforce any Encumbrance over all or any part of the assets of the Borrower; , or

Appears in 1 contract

Sources: Loan Agreement (Safe Bulkers, Inc.)