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(o)(vi) annexed 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 bailees and landlords, as applicable, who from time to time have possession of Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing shall not be required if the value of the Pledged Collateral held by such bailee or landlord is less than $50,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000.

Appears in 2 contracts

Samples: Security Agreement (Ionics Inc), Credit Agreement (Ionics Inc)

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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(o)(viSCHEDULE 4.01(N)(VI) annexed 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 Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing . A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee or landlord at the relevent location is less than then $50,000, provided further that 100,000. A Landlord Access Agreement and/or landlord's lien waiver shall not be required if the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, at the relevant leased location is less than then $500,000100,000.

Appears in 1 contract

Samples: Security Agreement (Ply Gem Industries 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(o)(vi4.01(m)(vi) annexed to the Credit Agreement, 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 ’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of any Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that . Notwithstanding the foregoing 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 or landlord is less than then $50,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000250,000 in the aggregate.

Appears in 1 contract

Samples: Security Agreement (Southern Graphic Systems, 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(o)(vi4.01(p)(vi) annexed 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 Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing . A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee or landlord is less than then $50,00010,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000200,000 in the aggregate.

Appears in 1 contract

Samples: Credit Agreement (SFBC International 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(o)(vi4.01(p)(vi) annexed 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 ’s lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of Pledged Collateral in the ordinary course of such Pledgor's ’s business and if reasonably requested by the Collateral Agent; provided that the foregoing . A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee or landlord is less than then $50,00010,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000200,000 in the aggregate.

Appears in 1 contract

Samples: Security Agreement (SFBC International Inc)

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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(o)(vi4.01(n) annexed 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 Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing Trustee. A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee or landlord is less than then $50,00010,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000200,000 in the aggregate.

Appears in 1 contract

Samples: Pledge and Security Agreement (Builders FirstSource, 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(o)(vi) annexed required pursuant to the Credit Agreement, Facility Documents 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 in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing . A waiver of bailee’s lien shall not be required if not required by the Credit Facility Documents or, if no such documents are then in effect, the value of the Pledged Collateral held by such bailee or landlord is less than then $50,00010,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,000200,000 in the aggregate.

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(o)(vi7.01(xiv) annexed 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 Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent; provided that the foregoing . A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee or landlord is less than then $50,000100,000, provided further that the aggregate value of the Pledged Collateral held by all such bailees and landlords who have not delivered a Bailee Letter and/or Landlord Access Agreement, as applicable, is less than $500,0001.0 million in the aggregate.

Appears in 1 contract

Samples: Security Agreement (Atrium Companies Inc)

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