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

Entry Upon Premises and Access to Information. In the event of a Default, Lender shall have the right to enter upon the premises of the Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to the Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral temporarily unusable or remove the Collateral therefrom to the premises of Lender or any agent of Lender, for such time as Lender may desire, in order effectively to collect or liquidate the Collateral, and/or Lender may require the Borrower to assemble the Collateral and make it available to Lender at a place or places to be designated by Lender. In the event of a Default, Lender shall have the right to obtain access to Borrower's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Lender deems appropriate; and Lender shall have the right to notify post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender and to receive, open and properly distribute all mail addressed to Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tower Tech Inc)

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Entry Upon Premises and Access to Information. In the event If an Event of a DefaultDefault occurs and is continuing, Lender shall have the right to enter upon the premises of the either Borrower where the any Collateral is located (or is believed to be located) without any obligation to pay rent to the such Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral temporarily unusable or remove the Collateral therefrom to the premises of Lender or any agent of Lender, for such time as Lender may desire, in order effectively to collect or liquidate the Collateral, and/or Lender may require the either Borrower to assemble the Collateral and make it available to Lender at a place or places to be designated by Lender. In the event If an Event of a DefaultDefault occurs and is continuing, Lender shall have the right to obtain access to either Borrower's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Lender deems appropriate; and Lender shall have the right to notify post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender and to receive, open and properly distribute all mail addressed to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Entry Upon Premises and Access to Information. In the event If an Event of a DefaultDefault occurs and is continuing, Lender shall have the right to enter upon the premises of the Borrower any Obligor or Parent where the Collateral is located (or is believed to be located) without any obligation to pay rent to the Borrowerany Obligor or Parent, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral temporarily unusable or remove the Collateral therefrom to the premises of Lender or any agent of Lender, for such time as Lender may desire, in order effectively to collect or liquidate the Collateral, and/or Lender may require the Borrower any Obligor or Parent to assemble the Collateral and make it available to Lender at a place or places to be designated by Lender. In the event If an Event of a DefaultDefault occurs and is continuing, Lender shall have the right to obtain access to Borrowerany Obligor's or Parent's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any such manner as Lender deems appropriate; and Lender shall have the right to notify post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender and to receive, open and properly distribute all mail addressed to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Brooks Fiber Properties Inc)

Entry Upon Premises and Access to Information. In the event If an Event of a DefaultDefault occurs, Lender shall have the right to enter upon the premises of the Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to the Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral temporarily unusable or remove the Collateral therefrom to the premises of Lender or any agent of Lender, for such time as Lender may desire, in order effectively to collect or liquidate the Collateral, and/or Lender may require the Borrower to assemble the Collateral and make it available to Lender at a place or places to be designated by Lender. In the event If an Event of a DefaultDefault occurs, Lender shall have the right to obtain access to the Borrower's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner Lender deems appropriate; and Lender shall have the right to notify post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender and to receive, open and properly distribute all mail addressed to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Inc)

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Entry Upon Premises and Access to Information. In Upon acceleration of the event of a DefaultObligations, the Lender shall have the right to enter upon the premises of the Borrower where the Collateral is located (or is believed to be located) without any obligation to pay rent to the Borrower, or any other place or places where the Collateral is believed to be located and kept, and to render the Collateral temporarily unusable usable or salable, to remove the Collateral therefrom to the premises of the Lender or any agent of Lender, the Lender for such time as the Lender may desire, desire in order effectively to collect or liquidate the Collateral, and/or Lender may to require the Borrower to assemble the Collateral and make it available to the Lender at a place or places to be designated by the Lender. In Upon acceleration of the event of a DefaultObligations, the Lender shall have the right to take possession of the Borrower's original books and records, to obtain access to the Borrower's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Lender deems appropriate; and Lender shall have the right to notify post office authorities to change the address for delivery of Borrower's mail to an address designated by Lender and to receive, open and properly distribute all mail addressed to Borrower.

Appears in 1 contract

Samples: Revolving Credit Facility and Security Agreement (LCC International Inc)

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