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 12:, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Borrower, and may exclude each 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 Borrowers. In no event shall the Collateral Agent be liable to any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article 12:, nor for any charge (such as wages for any Borrower'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 (Homebase Inc)

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

Appears in 1 contract

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

Occupation of Business Location. In connection with the Collateral Agent's exercise of the Collateral Agent's rights under this Article 12:, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Borrower, and may exclude each 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 Borrowers. In no event shall the Collateral Agent be liable to any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article 12:, nor for any charge (such as wages for any Borrower'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 (Gymboree Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Value City Department Stores Inc /Oh)

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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 12:, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Borrower, and may exclude each 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 all Borrowers. In no event shall the Collateral Agent be liable to any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article 12:, nor for any charge (such as wages for any a Borrower's employees and utilities) incurred in connection with the Collateral Agent's exercise of the Collateral Agent's Agents' Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

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