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 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 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 Borrower. In no event shall the Collateral Agent be liable to the 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 the Borrower’s employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Agent’s Rights and Remedies.

Appears in 1 contract

Samples: 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 12Article, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by the BorrowerDebtor, and may exclude the Borrower Debtor 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 BorrowerDebtor. In no event shall the Collateral Agent be liable to the Borrower Debtor for use or occupancy by the Collateral Agent of any premises pursuant to this Article 12Article, nor for any charge (such as wages for the BorrowerDebtor’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: Security Agreement (Claudius IV, LLC)

Occupation of Business Location. In connection with the Collateral Agent’s 's exercise of the Collateral Agent’s 's rights under this Article 12, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by the each Borrower, and may exclude the 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 's taking possession thereof, and may render any Collateral unusable to the Borrowerall Borrowers. In no event shall the Collateral Agent be liable to the 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 the a Borrower’s 's employees and utilities) incurred in connection with the Collateral Agent’s 's exercise of the Agent’s Agents' Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Homeplace of America 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 12, the Collateral 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 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 Borrower. In no event shall the Collateral any Agent be liable to the 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 the Borrower’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 (Baker J Inc)

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