Common use of Location Contracts Clause in Contracts

Location Contracts. The Borrowers shall notify the Agent if at any time a Location Contract evidences more than seven and one-half percent (7 1/2%) of the consolidated revenues of the Credit Parties and their Subsidiaries. The Borrowers shall take such action as reasonably requested by the Agent to ensure that either (a) any such Location Contract is assignable or (b) the land owner or operator that is party to such Location Contract has consented in writing to the security interest of the Lenders therein.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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Location Contracts. The Borrowers shall notify the Collateral ------------------ Agent if at any time a Location Contract evidences more than seven and one-half percent (7 1/2%) of the consolidated revenues of the Credit Parties and their Subsidiaries. The Borrowers shall take such action as reasonably requested by the Collateral Agent to ensure that either (a) any such Location Contract is assignable or (b) the land owner or operator that is party to such Location Contract has consented in writing to the security interest of the Lenders therein.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Location Contracts. The Borrowers shall notify the Collateral Agent if at any time a Location Contract evidences more than seven and one-half percent (7 1/2%) of the consolidated revenues of the Credit Parties and their Subsidiaries. The Borrowers shall take such action as reasonably requested by the Collateral Agent to ensure that either (a) any such Location Contract is assignable or (b) the land owner or operator that is party to such Location Contract has consented in writing to the security interest of the Lenders therein.

Appears in 1 contract

Samples: Credit Agreement (Phonetel Technologies Inc)

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Location Contracts. -82- The Borrowers Borrower shall notify the Collateral Agent if at any time a Location Contract evidences more than seven and one-half percent (7 1/2%) of the consolidated revenues of the Credit Parties and their Subsidiaries. The Borrowers Borrower shall take such action as reasonably requested by the Collateral Agent to ensure that either (a) any such Location Contract is assignable or (b) the land owner or operator that is party to such Location Contract has consented in writing to the security interest of the Lenders therein.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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