Entry Upon Premises and Access to Information. In the event of a Default, Agent shall have the right to enter upon the premises of any Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to any Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender or any agent of Agent or any Lender, for such time as Agent may desire, in order effectively to collect or liquidate the Collateral, and/or Agent may require any Borrower to assemble the Collateral and make it available to Agent or any Lender at a place or places to be designated by Agent. In the event of a Default, Agent shall have the right to obtain access to data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Agent deems appropriate; and Agent shall have the right to notify post office authorities to change the address for delivery of mail of any Borrower to an address designated by Agent and to receive, open and deal with all mail addressed to such Borrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (Abc Rail Products Corp), Loan and Security Agreement (Abc Rail Products Corp), Loan and Security Agreement (Abc Rail Products Corp)
Entry Upon Premises and Access to Information. In the event of a Default, Agent shall have the right to enter upon the premises of any Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to any Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender or any agent of Agent or any Lender, for such time as Agent may desire, in order effectively to collect or liquidate the Collateral, and/or Agent may require any Borrower to assemble the Collateral and make it available to Agent or any Lender at a place or places to be designated by Agent. In the event of a Default, Agent shall have the right to obtain access to data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Agent deems appropriate; and Agent shall have the right to notify post office authorities to change the address for delivery of mail of any Borrower to an address designated by Agent and to receive, open and deal with all mail addressed to such Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Webco Industries Inc), Loan and Security Agreement (Webco Industries Inc)
Entry Upon Premises and Access to Information. In Upon the event occurrence of a Default, the Agent shall have the right to enter upon the any premises of any the Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to any the Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender the Agent or any agent of Agent or any Lenderthe Agent, for such time as the Agent may desire, in order effectively to collect or liquidate the Collateral, and/or the Agent may require any the Borrower to assemble the Collateral and make it available to the Agent or any Lender at a place or places to be designated by the Agent. In Upon the event occurrence of a Default, the Agent shall have the right to obtain access to the Borrower's data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Agent deems appropriate; and the Agent shall have the right to notify post office authorities to change the address for delivery of the Borrower's mail of any Borrower to an address designated by the Agent and to receive, open and deal with process all mail addressed to such the Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amcraft Building Products Co Inc), Loan and Security Agreement (American Builders & Contractors Supply Co Inc)
Entry Upon Premises and Access to Information. In Upon the event occurrence and during the continuance of a an Event of Default, Agent shall have the right to enter upon the premises of Grantor where any Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to any BorrowerGrantor, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender Agent or any agent of Agent or any LenderAgent, for such time as Agent may desire, in order effectively to collect or liquidate the Collateral, and/or Agent may require any Borrower Grantor to assemble the Collateral and make it available to Agent or any Lender at a place or places to be designated by Agent. In Upon the event occurrence and during the continuance of a an Event of Default, Agent shall have the right to obtain access to Grantor's data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Agent deems appropriate; and Agent shall have the right to notify post office authorities to change the address for delivery of Grantor's mail of any Borrower to an address designated by Agent Lender and to receive, open and deal with all mail addressed to such BorrowerGrantor.
Appears in 1 contract
Entry Upon Premises and Access to Information. In the event of a DefaultDefault shall have occurred and be continuing, Agent shall have the right to enter upon the premises of any Borrower Obligor where the Collateral is located (or is believed to be located) without any obligation to pay rent to any BorrowerObligor, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender Agent or any agent of Agent or any LenderAgent, for such time as Agent may desire, in order effectively to collect or liquidate the Collateral, and/or Agent may require any Borrower the Obligors to assemble the Collateral and make it available to Agent or any Lender at a place or places to be designated by Agent. In the event of a DefaultDefault shall have occurred and be continuing, Agent shall have the right to obtain access to the Obligors' data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Agent deems appropriate; and Agent shall have the right to notify post office authorities to change the address for delivery of the Obligors' mail of any Borrower to an address designated by Agent and to receive, open and deal with all mail addressed to such Borrowerthe Obligors.
Appears in 1 contract
Samples: Loan and Security Agreement (Action Performance Companies Inc)
Entry Upon Premises and Access to Information. In Upon the event --------------------------------------------- occurrence of a Default, the Agent shall have the right to enter upon the any premises of any the Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to any the Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of Agent, any Lender the Agent or any agent of Agent or any Lenderthe Agent, for such time as the Agent may desire, in order effectively to collect or liquidate the Collateral, and/or the Agent may require any the Borrower to assemble the Collateral and make it available to the Agent or any Lender at a place or places to be designated by the Agent. In Upon the event occurrence of a Default, the Agent shall have the right to obtain access to the Borrower's data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Agent deems appropriate; and the Agent shall have the right to notify post office authorities to change the address for delivery of the Borrower's mail of any Borrower to an address designated by the Agent and to receive, open and deal with process all mail addressed to such the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (American Builders & Contractors Supply Co Inc)