Common use of Entry Upon Premises and Access to Information Clause in Contracts

Entry Upon Premises and Access to Information. Upon the occurrence and during the continuance of an Event of Default, Administrative Agents may (or shall at the direction of Required Lenders) (a) enter upon the premises leased or owned by Reseller where Collateral is located (or is believed to be located) without any obligation to pay rent to Reseller, or any other place or places where Collateral is believed to be located, (b) render Collateral usable or saleable, (c) remove Collateral therefrom to the premises of an Administrative Agent or any agent of an Administrative Agent for such time as Administrative Agents may desire in order effectively to collect or liquidate Collateral; (d) take possession of, and make copies and abstracts of, Reseller’s original books and records, obtain access to Reseller’s data processing equipment, computer hardware and software relating to any of the Collateral and use all of the foregoing and the information contained therein in any manner Administrative Agents deem appropriate in connection with the exercise of Administrative Agents’ rights; and (e) notify postal authorities to change the address for delivery of Reseller’s mail to an address designated by Administrative Agents and to receive, open and process all mail addressed to Reseller.

Appears in 3 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

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Entry Upon Premises and Access to Information. Upon the occurrence and during the continuance of an Event of Default, Administrative Agents Agent may (or shall at the direction of the Required Lenders) (ai) enter upon the premises leased or owned by Reseller Borrower where Collateral is located (or is believed to be located) without any obligation to pay rent to ResellerBorrower, or any other place or places where Collateral is believed to be located, (bii) render Collateral usable or saleable, (ciii) remove Collateral therefrom to the premises of an Administrative Agent or any agent of an Administrative Agent for such time as Administrative Agents Agent may desire in order effectively to collect or liquidate Collateral; (div) take possession of, and make copies and abstracts of, Reseller’s Borrower's original books and records, obtain access to Reseller’s Borrower's data processing equipment, computer hardware and software relating to any of the Collateral and use all of the foregoing and the information contained therein in any manner Administrative Agents deem Agent deems appropriate in connection with the exercise of Administrative Agents’ Agent's rights; and (ev) notify postal authorities to change the address for delivery of Reseller’s Borrower's mail to an address designated by Administrative Agents Agent and to receive, open and process all mail addressed to ResellerBorrower.

Appears in 3 contracts

Samples: Credit Facilities Agreement (Pomeroy Computer Resources Inc), Credit Facilities Agreement (Gtsi Corp), Credit Facilities Agreement (Pomeroy It Solutions Inc)

Entry Upon Premises and Access to Information. Upon the occurrence and during the continuance of an Event of DefaultDefault and acceleration of the Loan Obligations as provided herein, and at any time thereafter: Administrative Agents Agent may (or shall at the direction of Required Lenders) (ai) enter upon the premises leased or owned by Reseller Borrower where Collateral is located (or is believed to be located) without any obligation to pay rent to ResellerBorrower, or any other place or places where Collateral is believed to be located, (bii) render Collateral usable or saleable, (ciii) remove Collateral therefrom to the premises of an Administrative Agent or any agent of an Administrative Agent for such time as Administrative Agents Agent may desire in order effectively to collect or liquidate Collateral; , (div) take possession of, and make copies and abstracts of, Reseller’s Borrower's original books and records, obtain access to Reseller’s Borrower's data processing equipment, computer hardware and software relating to any of the Collateral and use all of the foregoing and the information contained therein in any manner Administrative Agents deem Agent deems appropriate in connection with the exercise of Administrative Agents’ Agent's rights; , and (ev) notify postal authorities to change the address for delivery of Reseller’s Borrower's mail to an address designated by Administrative Agents Agent and to receive, open and process all mail addressed to ResellerBorrower.

Appears in 2 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

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Entry Upon Premises and Access to Information. Upon the occurrence and during the continuance of an Event of DefaultDefault and acceleration of the Loan Obligations as provided herein, and at any time thereafter: Administrative Agents Agent may (or shall at the direction of Required Lenders) (ai) enter upon the premises leased or owned by Reseller Borrower where Collateral is located (or is believed to be located) without any obligation to pay rent to ResellerBorrower, or any other place or places where Collateral is believed to be located, (bii) render Collateral usable or saleable, (ciii) remove Collateral therefrom to the premises of an Administrative Agent or any agent of an Administrative Agent for such time as Administrative Agents Agent may desire in order effectively to collect or liquidate Collateral; (div) take possession of, and make copies and abstracts of, Reseller’s Borrower's original books and records, obtain access to Reseller’s Borrower's data processing equipment, computer hardware and software relating to any of the Collateral and use all of the foregoing and the information contained therein in any manner Administrative Agents deem Agent deems appropriate in connection with the exercise of Administrative Agents’ Agent's rights; and (ev) notify postal authorities to change the address for delivery of Reseller’s Borrower's mail to an address designated by Administrative Agents Agent and to receive, open and process all mail addressed to ResellerBorrower.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

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