Common use of Assembly of Collateral; Receiver Clause in Contracts

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.

Appears in 1 contract

Sources: Loan Agreement (Beyond Air, Inc.)

Assembly of Collateral; Receiver. The Borrower Company shall, upon L▇▇▇▇▇’s the Lenders' request, assemble the Collateral and otherwise make it available to Lenderthe Lenders. Lender The Lenders may have a receiver appointed for all or any portion of the Borrower’s 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.

Appears in 1 contract

Sources: Security Agreement (Geerlings & Wade Inc)