Common use of Landlord and Mortgagee Agreements Clause in Contracts

Landlord and Mortgagee Agreements. If, after the Effective Date, the Borrowers or any of the Guarantors acquires or leases any distribution centers used as a warehouse facility containing any Collateral, the Borrowers shall, or shall cause such Guarantor to, use commercially reasonably efforts to deliver to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee, as applicable, of any such distribution center, in each case in form and substance satisfactory to the Administrative Agent. Each Borrower shall continue to use its commercially reasonable efforts to provide to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee of any distribution center listed on Schedule 11.21, in each case in form and substance satisfactory to the Administrative Agent, which have not been previously provided to the Administrative Agent; provided that, with respect to any distribution center for which such a landlord or mortgagee waiver and access agreement has not been so delivered, the First Lien Agent shall implement a reserve against the ABL Borrowing Base.

Landlord and Mortgagee Agreements. If, after the Effective Closing Date, the Borrowers or any of the Guarantors their Subsidiaries acquires or leases any distribution centers used as a warehouse facility containing any Collateral, the Borrowers shall, or shall cause such Guarantor Subsidiary to, use commercially reasonably efforts to deliver to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee, as applicable, of any such distribution center, in each case in form and substance satisfactory to the Administrative Agent. Each Borrower shall continue to use its commercially reasonable efforts to provide to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee of any distribution center listed on Schedule 11.21, in each case in form and substance satisfactory to the Administrative Agent, which have not been previously provided to the Administrative AgentAgent pursuant to Section 11.21; provided that, with respect to any distribution center for which such a landlord or mortgagee waiver and access agreement has not been so delivered, the First Lien Administrative Agent shall may, in its reasonable commercial judgment, implement a reserve against the ABL Domestic Borrowing Base and/or the Aggregate Borrowing Base.

Landlord and Mortgagee Agreements. If, after the Effective Date, the Borrowers or any of the Guarantors acquires or leases any distribution centers used as a warehouse facility containing any Collateral, the Borrowers shall, or shall cause such Guarantor to, use commercially reasonably efforts to deliver to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee, as applicable, of any such distribution center, in each case in form and substance satisfactory to the Administrative Agent. Each Borrower shall continue to use its commercially reasonable efforts to provide to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee of any distribution center listed on Schedule 11.21, in each case in form and substance satisfactory to the Administrative Agent, which have not been previously provided to the Administrative AgentAgent pursuant to §11.21; provided that, with respect to any distribution center for which such a landlord or mortgagee waiver and access agreement has not been so delivered, the First Lien Administrative Agent shall may, in its reasonable commercial judgment, implement a reserve against the ABL Aggregate Borrowing Base.

Landlord and Mortgagee Agreements. If, after the Effective Closing Date, the Borrowers or any of the Guarantors their Subsidiaries acquires or leases any distribution centers used as a warehouse facility containing any Collateral, the Borrowers shall, or shall cause such Guarantor Subsidiary to, use commercially reasonably efforts to deliver to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee, as applicable, of any such distribution center, in each case in form and substance satisfactory to the Administrative Agent. Each Borrower shall continue to use its commercially reasonable efforts to provide to the Administrative Agent a landlord or mortgagee waiver and access agreement executed by the landlord or mortgagee of any distribution center listed on Schedule 11.21, in each case in form and substance satisfactory to the Administrative Agent, which have not been previously provided to the Administrative AgentAgent pursuant to Section 11.21; provided that, with respect to any distribution center for which such a landlord or mortgagee waiver and access agreement has not been so delivered, the First Lien Administrative Agent shall may, in its reasonable commercial judgment, implement a reserve against the ABL Domestic Borrowing Base, the Aggregate Borrowing Base or the Last Out Borrowing Base.