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HomeMy WebLinkAbout2347 i i fi ~ 4 ~ ~ ARTICLL XIV ~ 14. Appointment of Receiver. If an Event of Default ~ shall have occurred, the Trustees shall, as a matter of right, ~ be entit3ed to the appointr.~ent of a receiver or receivers of any or all of the Properties or any part thereof, whether such ~ receivership be incidental to a proposEd sale thereof or other- ~ wise, and the Company hereby consents to the appointment of - such a receiver or receivers and will not oppose any such ap- pointment. , ARTZCLE XV 15. Possession, rlanagement and Income. If an Event of Default shall have occurred, the Trustees, subject . to any prior rights of Lessee under the Lease, without ; further notice, may enter upon and take possession of any or ; all of the Properties or any part thereof by reasonable ` force, summary proceedings, ejectment or otherwise and may F remove the Company and all other persons and any and all x property tlierefrom, and may hold, operate and manage the same, ~ make all necessary repairs, renewals, and replacements, and i ~ useful alterations, additions, betterments and improvements ; ~ thereto and thereon as may seem to them advisable, and insure ~ and reinsure all or any of the Properties as may seem to ~ them advisable, and may.hold, operate and manage the sa~ ~ and receive all earnings, income, rents, issues and proceeds ~ accruing with respect thereto. Th e Trustees shall be under ~ , ~ no liability for or by reason of any such taking of possession, t ~ entry, removal or holding,-operation or management. Any ~ ~ amounts so received by the Trustees shall be applied (a) to ~ pay (i) the expenses of operating the Properties and of all - ~ maintenance, repairs, renewals, replacements, alterations, ~ additions, betterments, improvements, taxes, assessments, ~ _ insurance premiums, reasonable compensation for the services ~fr of the Trustees and all attorneys, counsel, agents and other ~ 5~ employees engaged or employed by them and of all other costs and expenses of entering upon, taking possession of, owning, - operating and managing all or any of the Properties, and (ii) any lien prior to the security interest of this Indenture which the Trustees may consider it necessary or desirable to discharge and then (b) in the manner provided in Article XV I . - ' 2 2 ~oo~~ -F: , . _ - - _ - - - , . _ ~ _ _ _ _ _ -~^y