Judicial Action. If an Event of Default occurs that is continuing and is not cured or waived by Lender, and if Lender, at its option, seeks to take possession of any or all of the Collateral by court process, Borrower irrevocably and unconditionally agrees that a receiver may be appointed by a court for such purpose without regard to the adequacy of the security for the Secured Obligations and such receiver may, at Lender’s option, collect or dispose of all or part of the Collateral.
Appears in 2 contracts
Sources: Security Agreement, Security Agreement (Greenhill & Co Inc)
Judicial Action. If an Event of Default occurs that is continuing and is not cured by Debtor or waived by Lender, and if Lender, at its option, seeks to take possession of any or all of the Collateral by court process, Borrower Debtor hereby irrevocably and unconditionally agrees that a receiver may be appointed by a court for such purpose without regard to the adequacy of the security for the Secured Obligations and such receiver may, at Lender’s option, collect or dispose of all or part of the Collateral.
Appears in 2 contracts
Sources: Third Party Security Agreement (Greenhill & Co Inc), Third Party Security Agreement (Greenhill & Co Inc)
Judicial Action. If an Event of Default occurs that is continuing and is not cured by Borrower or waived by Lender, and if Lender, at its option, seeks to take possession of any or all of the Collateral by court process, Borrower irrevocably and unconditionally agrees that a receiver may be appointed by a court for such purpose without regard to the adequacy of the security for the Secured Obligations and such receiver may, at Lender’s option, collect or dispose of all or part of the Collateral.
Appears in 1 contract