Common use of Removal of Receiver Clause in Contracts

Removal of Receiver. The Security Agent may (subject to section 45 of the Insolvency Act 1986) remove a Receiver from all or any of the Assets of which it is the Receiver.

Removal of Receiver. The Security Agent may (subject to section Section 45 of the Insolvency Act 1986) remove a the Receiver from all or any of the Assets of which it he is the Receiver.