Common use of Assembling Collateral Clause in Contracts

Assembling Collateral. Upon an Event of Default, Borrower, immediately upon demand by Lender, shall assemble the Collateral and make it available to Lender at a place or places to be designated by Lender which are reasonably convenient to Lender and Borrower. Borrower recognizes that if it fails to perform, observe or discharge any of its obligations or liabilities under this Loan Agreement or the Other Agreements, no remedy of law will provide adequate relief to Lender, and Borrower agrees that Lender shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

Assembling Collateral. Upon an Event of Default, Borrower, immediately upon demand by LenderAgent, shall assemble the Collateral and make it available to Lender Agent at a place or places to be designated by Lender Agent which are reasonably convenient to Lender Agent and Borrower. Borrower recognizes that if it fails to perform, observe or discharge any of its obligations or liabilities under this Loan Agreement or the Other Agreements, no remedy of law will provide adequate relief to LenderAgent and Lenders, and Borrower agrees that Lender Agent and Lenders shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.