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 11, the 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 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 Borrowers. In no event shall the Agent be liable to any Borrower for use or occupancy by the Agent of any premises pursuant to this Article 11, nor for any charge (such as wages for any 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 (Drugmax Inc)

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Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11:, the Agent may enter upon, occupy, and use any premises owned or occupied by each any Borrower, and may exclude each Borrower the 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 Borrowers. In no event shall the Agent be liable to any Borrower the Borrowers for use or occupancy by the Agent of any premises pursuant to this Article 11:, nor for any charge (such as wages for any the 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 (Sports Authority Inc /De/)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Dynamics Research Corp)

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Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11, the Agent may enter upon, occupy, and use any premises owned or occupied by each the Borrower, and may exclude each 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 BorrowersBorrower. In no event shall the Agent be liable to any the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 11, nor for any charge (such as wages for any Borrowers' employees and utilities) incurred in connection with the Agent's exercise of the Agent's Rights and Remedies.

Appears in 1 contract

Samples: Revolving Credit Facility (Sun Television & Appliances Inc)

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