Common use of Occupation of Business Location Clause in Contracts

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

Appears in 2 contracts

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

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Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article XI12:, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article XI12:, nor for any charge (such as wages for the Borrower’s 's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article XI11, the Agent may enter upon, occupy, and use any premises owned or occupied by the any Borrower, and may exclude the Borrower Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent be liable to the Borrower Borrowers for use or occupancy by the Agent of any premises pursuant to this Article XI11, nor for any charge (such as wages for the Borrower’s Borrowers' employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunglass Hut International Inc), Loan and Security Agreement (Sports Authority Inc /De/)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Wild Oats Markets Inc)

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

Appears in 1 contract

Samples: Agreement (Harvard Bioscience Inc)

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Occupation of Business Location. In connection with the Agent’s exercise of the Agent’s rights under this Article XI12, the Agent may enter upon, occupy, and use any premises owned or occupied by the BorrowerBorrowers, and may exclude the Borrower Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent be liable to the Borrower Borrowers for use or occupancy by the Agent of any premises pursuant to this Article XI12, nor for any charge (such as wages for the Borrower’s Borrowers’ employees and utilities) incurred in connection with the Agent’s exercise of the Agent’s Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article XI6, the Agent may enter upon, occupy, and use any premises owned or occupied by the BorrowerGuarantor, and may exclude the Borrower Guarantor from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the BorrowerGuarantor. In no event shall the Agent be liable to the Borrower Guarantor for use or occupancy by the Agent of any premises pursuant to this Article XI6, nor for any charge (such as wages for the Borrower’s Guarantor's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.

Appears in 1 contract

Samples: Stock Pledge Agreement (Sunglass Hut International Inc)

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