Collateral Consents. (a) In the case of any tangible personal property that is Collateral with a fair market value equal to or greater than $500,000 and that as of the Closing Date is in the possession or control of a warehouseman, bailee or agent, the Borrower will use commercially reasonable efforts to deliver to the Administrative Agent all such customary estoppel letters, bailee letters, consents and waivers from such warehouseman, bailee or agent, as applicable, as may be reasonably required by the Administrative Agent.
Collateral Consents. As and to the extent set forth below in this paragraph (n), each Obligor will grant to the Administrative Agent, for the benefit of the Lenders, a Lien on the items of Property referred to below. Such Liens shall constitute valid and enforceable perfected liens superior to and prior to the rights of all other persons and subject to no other Liens other than Liens permitted by Section 5.02(a). The Puerto Rico Security Documents or other instruments related thereto shall be duly recorded or filed at the times set forth below in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Administrative Agent, for the benefit of the Lenders, and all taxes, fees and other charges payable in connection therewith shall be paid in full at such times:
Collateral Consents. With respect to any tangible personal property Collateral (other than motor vehicles covered by a certificate of title or any tangible personal property located at a Temporary Staging Site) owned by any Credit Party which the Borrower reasonably estimates has a net book value of more than $2,000,000 as of the Closing Date and which is either (i) located at a premises leased by a Credit Party or (ii) is in the possession or control of a warehouseman, bailee or any agent or processor of a Credit Party, the Borrower will use commercially reasonable efforts to obtain such estoppel letters, bailee letters, consents and waivers from the landlords on such Real Property, such warehouseman, bailee, agent or processor, as applicable, as may be reasonably be required by the Administrative Agent. If the Borrower, using commercially reasonable efforts for a period of 45 days after the Closing Date (or with respect to Gopher, the Gopher Effective Date) is unable to obtain any of the letters, consents and waivers requested by Administrative Agent from any such Person, the Borrower shall have no further obligation to pursue or obtain such letters, consents and waivers from such Person.
Collateral Consents. (i) In the case of any tangible personal property that is Collateral with a fair market value equal to or greater than $1,000,000 and that is either (a) located at a premises leased by a Credit Party or (b) in the possession or control of a warehouseman, bailee or agent, in each case, other than with respect to tangible personal property in transit or out for repair or servicing, which is located in the Ordinary Course of Business at a customer location, or is in the possession of employees in the Ordinary Course of Business, the Borrower will use commercially reasonable efforts to deliver to the Administrative Agent all such customary estoppel letters, bailee letters, consents and waivers from the landlords on such Real Property or such warehouseman, bailee or agent, as applicable, as may be reasonably required by the Administrative Agent.
Collateral Consents. 76 Section...5.16 Further Assurances. 76 ARTICLE VI NEGATIVE COVENANTS 77 Section...6.1 Indebtedness. 77 Section...6.2 Liens. 78
