Common use of Other New Locations Clause in Contracts

Other New Locations. In the event that any Credit Party leases or acquires a new Leasehold Property or enters into an arrangement with a third party for physical or electronic storage of any material books and records or other information related to its business or operations, such Credit Party shall immediately commence using its commercially reasonably efforts to obtain a Collateral Access Agreement or a similar instrument executed by the relevant lessor or other counterparty in favor of Collateral Agent, for the benefit of the Secured Parties, with respect to such location simultaneously with entering into such lease or other arrangement.

Other New Locations. In the event that any Credit Party leases or acquires a new Leasehold Property location or enters into an arrangement with a third party for a new headquarters or for physical or electronic storage of any material books and records or other material information of the Credit Parties’ related to its their business or operations, in each case, such Credit Party shall immediately commence using its commercially reasonably efforts to obtain a Landlord Collateral Access Agreement or a similar instrument executed by the relevant lessor or other counterparty in favor of Collateral Agent, Agent for the benefit of the Secured Parties, Parties with respect to such location simultaneously with entering into such lease or other arrangementarrangements.