Common use of Landlord’s Access Agreements/Bailee Letters Clause in Contracts

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi) to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $25,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 in the aggregate for all Pledgors.

Appears in 2 contracts

Samples: Security Agreement (Norcraft Holdings, L.P.), Canadian Security Agreement (Norcraft Holdings, L.P.)

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Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi7(a)(I) to of the Credit AgreementPerfection Certificate, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Administrative Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than then $25,00010,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 200,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Security Agreement (Brocade Communications Systems Inc)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall shall, following the reasonable request of the Collateral Agent, use its commercially reasonable efforts to obtain as soon as practicable after the date hereof of such request, with respect to each location set forth in Schedule 4.01(n)(vi) to required by the Credit AgreementCollateral Agent , where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s 's lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by in the Collateral Agentordinary course of such Pledgor's business. A waiver of bailee’s 's lien shall not be required if the value of the Pledged Collateral held by such bailee is less than then $25,000100,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 500,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi) to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if and to the extent reasonably requested by the Collateral Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $25,000500,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 5.0 million in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Security Agreement (Itron Inc /Wa/)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi4.01(m)(vi) to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than then $25,00010,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 200,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Security Agreement (AGY Holding Corp.)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi8(a) to the Credit AgreementPerfection Certificate, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Landlord’s Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Administrative Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than then $25,00050,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 250,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Control Agreement (Secure Computing Corp)

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Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi) to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $25,00010,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 200,000 in the aggregate for all Pledgors.aggregate

Appears in 1 contract

Samples: Credit Agreement (Navisite Inc)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi) to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Agent. A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than then $25,0005,000,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 10,000,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Security Agreement (Sciele Pharma, Inc.)

Landlord’s Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(n)(vi4.01(m)(vi) to the Credit Agreement, where such Pledgor maintains Pledged CollateralCollateral (other than Customer Locations), a Bailee Letter and/or Landlord Access Agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, Landlord Access Agreement and/or landlord’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral if reasonably requested by the Collateral Agent. A Notwithstanding the foregoing, a waiver of bailee’s lien shall not be required in any event if the value of the Pledged Collateral held by such bailee is less than $25,00050,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $100,000 250,000 in the aggregate for all Pledgorsaggregate.

Appears in 1 contract

Samples: Canadian Security Agreement (Southern Graphic Systems, Inc.)

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