Common use of Powers Exercisable by Receiver or Trustee Clause in Contracts

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 10 contracts

Sources: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any other Collateral Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any other Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 10 contracts

Sources: Supplemental Indenture, Indenture, Indenture

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Company with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Company or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 5 contracts

Sources: Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo), Indenture (Goodman Conveyor Co)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Eleven and the Security Documents upon any Collateral Grantor, as applicable, the Company and the Guarantors with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Company or a Guarantor or of any officer Officer or officers thereof Officers of the Company or a Guarantor required by the provisions of this Article 12Eleven.

Appears in 5 contracts

Sources: Indenture (Huntsman Advanced Materials (UK) LTD), Indenture (Crown Holdings Inc), Indenture (Huntsman Polymers Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 4 contracts

Sources: Indenture (Mbia Inc), Subordinated Indenture (Mbia Inc), Indenture (Mbia Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 4 contracts

Sources: Second Lien Exchangeable Senior Secured Pik Notes Indenture (WeWork Inc.), First Lien Senior Secured Pik Notes Indenture (WeWork Inc.), Third Lien Exchangeable Senior Secured Pik Notes Indenture (WeWork Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral the Company or Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 3 contracts

Sources: Indenture (FTAI Infrastructure Inc.), Indenture (Vistra Corp.), Indenture (Vistra Energy Corp.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Issuers or any Collateral GrantorGuarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuers or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 2 contracts

Sources: Indenture (Trump Indiana Inc), Indenture (Trump Indiana Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 13 upon any Collateral Grantor, as applicable, the Issuers or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuers or a Guarantor or of any officer Officer or officers Officers thereof required by the provisions of this Article 12.Article

Appears in 2 contracts

Sources: Indenture, Indenture

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any Collateral GrantorGuarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 2 contracts

Sources: Indenture (Endeavor International Corp), Indenture (Endeavour International Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Company or any Collateral Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 2 contracts

Sources: Indenture (Vantage Drilling International), Indenture (Pacific Drilling S.A.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer with respect to the release, sale release or other disposition Disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or of any officer or officers thereof required by the provisions of this Article 1211; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Appears in 1 contract

Sources: Indenture (Sorrento Therapeutics, Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral the Issuer or Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuer or any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Supplemental Indenture (Talen Energy Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon the Company or any Collateral Grantorof the Guarantors, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral Grantorof the Guarantors, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Indenture (Sanchez Energy Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Indenture (Campbell Alliance Group Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession sion of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Indenture (Campbell Alliance Group Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 IX upon any Collateral Vistra Operations or Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of Vistra Operations or any Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12IX.

Appears in 1 contract

Sources: Facility Agreement (Vistra Corp.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 14 upon the Company or any Collateral GrantorGuarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1214.

Appears in 1 contract

Sources: First Supplemental Indenture (Aaipharma Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon the Issuer or any other Collateral Grantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuer or any other Collateral Grantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Sources: Indenture (Pacific Drilling S.A.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon any Collateral Grantorthe Company, as applicable, the Co-Obligor or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Master Senior Secured Notes Note Purchase Agreement (WeWork Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trusteeTrustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer with respect to the release, sale or other disposition of such property may be exercised by such receiver or trusteeTrustee, and an instrument signed by such receiver or trustee Trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Sources: Indenture (Hungarian Telephone & Cable Corp)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon Issuer or any Collateral Grantorother Pledgor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of Issuer or any Collateral Grantorother Pledgor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12.

Appears in 1 contract

Sources: Indenture (Terra Capital Inc)

Powers Exercisable by Receiver or Trustee. In case the Discount Notes Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuers with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, Coaxial LLC or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Sources: Indenture (Coaxial LLC)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 15 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 1215.

Appears in 1 contract

Sources: Note Purchase Agreement (APX Group Holdings, Inc.)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, Issuer with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, Issuer or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Sources: Indenture (Decora Industries Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 Twelve upon the Company or any Collateral GrantorGuarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 12Twelve.

Appears in 1 contract

Sources: Indenture (Hexacomb CORP)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 10 upon the Company or any Collateral GrantorGuarantor, as applicable, with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or any Collateral GrantorGuarantor, as applicable, or of any officer or officers thereof required by the provisions of this Article 1210.

Appears in 1 contract

Sources: Indenture (New Pier Operating Co Inc)

Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 11 upon any Collateral Grantor, as applicable, the Issuer or a Guarantor with respect to the release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of any Collateral Grantor, as applicable, the Issuer or a Guarantor or of any officer or officers thereof required by the provisions of this Article 1211.

Appears in 1 contract

Sources: Indenture (PQ Group Holdings Inc.)