Notice of Appointment of Receiver by Megadox

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Serve notice on a borrower that a receiver has been appointed with this Notice of Appointment of Receiver form.

The Notice of Appointment of Receiver would be served by a lender to notify a borrower that, due to the borrower's default in loan payments and failure to cure the default, the lender has exercised its right to appoint a receiver to take possession of certain assets and to carry on the borrower's business.

This Notice of Appointment of Receiver form is available as a downloadable and fully editable MS Word file.

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                   NOTICE OF APPOINTMENT OF RECEIVER
TO:    [BORROWER]
       [address]



DATE:          [date]

Dear Sirs:

Re:    Debenture in favor of [Lender]

As part of the security for its indebtedness to [Lender], [Borrower] executed a debenture dated
[debenture date]. This debenture provided that on default in payment of principal or interest,
[Lender] could, in addition to the other remedies set out in the debenture, appoint by instrument
in writing a receiver of all or part of the assets charged by the debenture. The debenture provided
that the receiver shall have the power, inter alia,
                                        
								
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