Common use of Occupation of Business Location Clause in Contracts

Occupation of Business Location. In connection with the Collateral Agent’s exercise of the Collateral Agent’s rights under this Article 11, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Party, and may exclude each Loan Party from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s taking possession thereof, and may render any Collateral unusable to the Loan Parties. In no event shall the Collateral Agent be liable to any Loan Party for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 nor for any charge (such as wages for any Loan Party’s employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Collateral Agent’s Rights and Remedies.

Appears in 6 contracts

Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

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Occupation of Business Location. In connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's rights under this Article 11XI, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Partyany Borrower, and may exclude each Loan Party the Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s 's taking possession thereof, and may render any Collateral unusable to the Loan PartiesBorrowers. In no event shall the Collateral Agent be liable to any Loan Party the Borrowers for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 XI, nor for any charge (such as wages for any Loan Party’s the Borrowers' employees and utilities) incurred in connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's Rights and Remedies.

Appears in 3 contracts

Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Restoration Hardware Inc)

Occupation of Business Location. In connection with the Collateral Agent’s ' exercise of the Collateral Agent’s ' rights under this Article 1112, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan PartyBorrower, and may exclude each Loan Party Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s ' taking possession thereof, and may render any Collateral unusable to the Loan PartiesBorrowers. In no event shall the Collateral Agent be liable to any Loan Party Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 12, nor for any charge (such as wages for any Loan Party’s Borrowers' employees and utilities) incurred in connection with the Collateral Agent’s ' exercise of the Collateral Agent’s 's Rights and Remedies.

Appears in 3 contracts

Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)

Occupation of Business Location. In connection with the Collateral Agent’s exercise of the Collateral Agent’s rights under this Article 11XI, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Partyany Obligor, and may exclude each Loan Party the Obligors from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s taking possession thereof, and may render any Collateral unusable to the Loan PartiesObligors. In no event shall the Collateral Agent be liable to any Loan Party the Obligors for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 XI, nor for any charge (such as wages for any Loan Party’s the Obligors’ employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Collateral Agent’s Rights and Remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc)

Occupation of Business Location. In connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's rights under this Article 1112, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan PartyBorrower, and may exclude each Loan Party Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s 's taking possession thereof, and may render any Collateral unusable to the Loan PartiesBorrowers. In no event shall the Collateral Agent be liable to any Loan Party Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 12, nor for any charge (such as wages for any Loan Party’s Borrowers' employees and utilities) incurred in connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's Rights and Remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (Retail Ventures Inc)

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Occupation of Business Location. In connection with the Collateral Agent’s exercise of the Collateral Agent’s rights under this Article 1112, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Party, and may exclude each Loan Party from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s taking possession thereof, and may render any Collateral unusable to the Loan Parties. In no event shall the Collateral Agent be liable to any Loan Party for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 12, nor for any charge (such as wages for any Loan Party’s employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Collateral Agent’s Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Casual Male Retail Group Inc)

Occupation of Business Location. In connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's rights under this Article 1112, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Party, and may exclude each Loan Party from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s 's taking possession thereof, and may render any Collateral unusable to the Loan Parties. In no event shall the Collateral Agent be liable to any Loan Party for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 12, nor for any charge (such as wages for any Loan Party’s 's employees and utilities) incurred in connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Designs Inc)

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