Assembly of Collateral; Receiver Clause Samples
The 'Assembly of Collateral; Receiver' clause establishes the lender's right to require the borrower to gather and deliver all collateral securing a loan, and to appoint a receiver to manage or dispose of such collateral if necessary. In practice, this means that if the borrower defaults or certain trigger events occur, the lender can demand that all pledged assets be collected in a specified location and may have a court-appointed receiver take control of the assets to protect their value or facilitate repayment. This clause is designed to safeguard the lender's interests by ensuring efficient recovery and management of collateral, minimizing losses in the event of borrower default.
Assembly of Collateral; Receiver. Edge may request that the Company assemble the Collateral and otherwise make it available to Edge and the Company and its officers and directors shall comply with such request. Edge may have a receiver appointed for all or any portion of the Company's assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.
Assembly of Collateral; Receiver. Each Loan Party shall, upon the Administrative Agent’s request, assemble the Collateral and otherwise make it available to the Administrative Agent. The Administrative Agent may have a receiver appointed for all or any portion of a Loan Party’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.
Assembly of Collateral; Receiver. The Company shall, upon the Collateral Agent's written request, assemble the Collateral and otherwise make it available to the Collateral Agent. The Collateral Agent may have a receiver appointed for all or any portion of the Company's assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.
Assembly of Collateral; Receiver. The Borrower shall, upon L▇▇▇▇▇’s request, assemble the Collateral and otherwise make it available to Lender. Lender may have a receiver appointed for all or any portion of the Borrower’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.
Assembly of Collateral; Receiver. Upon Secured Party's written request, assemble the Collateral and otherwise make it available to Secured Party. Secured Party may have a receiver appointed for all or any portion of Company's assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral.
Assembly of Collateral; Receiver. The Borrower shall, upon the Lender’s request, assemble the Collateral and otherwise make it available to the Lender. The Borrower shall cooperate with the Lender and, upon the Lender’s request transfer or sell, at the direction of Lender, any portion or all of the Collateral. The Lender may have a receiver appointed for all or any portion of the Borrower’s assets or business which constitutes the Collateral in order to manage, protect, preserve, sell and otherwise dispose of all or any portion of the Collateral in accordance with the terms of the Credit Documents, to continue the operations of the Borrower and to collect all revenues and profits therefrom to be applied to the payment of the Credit Obligations, including the compensation and expenses of such receiver, all in accordance with Applicable Laws.