Letter of Invitation to Appoint a Receiver

Letter

[To be printed on headed notepaper of the company]

To: Name and address of the lender who will appoint the receiver

insert name of the lender

insert address

insert fax no

insert email address

[copy specify to whom]

BY HAND OR POST OR FACSIMILE OR EMAIL

Dear insert organisation name

Invitation to appoint receivers

Facility agreement dated insert date between name of borrower as borrower (the Company) and name of lender as lender (the Lender) (the Loan Facility)

Debenture dated insert date granted by the Company in favour of the Lender (the Debenture)

Unless expressly defined otherwise, terms defined in the Facility Agreement shall have the same meaning in this letter.

References to ‘you' refer to the Lender and references to ‘we' or ‘us' refer to the directors of the Company.

1 Event of Default