Common use of Power of Entry Clause in Contracts

Power of Entry. The Debtor shall forthwith upon demand assemble and deliver to the Collateral Agent possession of all of the Collateral at such place or places as may be reasonably specified by the Collateral Agent. The Collateral Agent may take such steps as it considers necessary or desirable to obtain possession of all or any part of the Collateral and, to that end, the Debtor agrees that the Collateral Agent, its servants or agents or Receiver (as hereinafter defined) may, at any time, during the day or night, enter upon lands and premises where the Collateral may be found for the purpose of taking possession of and/or removing the Collateral or any part thereof. In the event of the Collateral Agent taking possession of the Collateral, or any part thereof, the Collateral Agent shall have the right to maintain the same upon the premises on which the Collateral may then be situate. The Collateral Agent may take such action or do such things as to render any Equipment unusable.

Appears in 4 contracts

Samples: Credit Agreement (Warnaco Group Inc /De/), General Security Agreement (Warnaco Group Inc /De/), General Security Agreement (Warnaco Group Inc /De/)

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Power of Entry. The Debtor shall forthwith upon demand assemble and deliver to the Collateral Agent Lender possession of all of the Collateral at such place or places as may be reasonably specified by the Collateral AgentLender. The Collateral Agent Lender may take such steps as it considers necessary or desirable to obtain possession of all or any part of the Collateral and, to that end, the Debtor agrees that the Collateral AgentLender, its servants or agents or Receiver (as hereinafter defined) may, at any time, during the day or night, enter upon lands and premises where the Collateral may be found for the purpose of taking possession of and/or removing the Collateral or any part thereof. In the event of the Collateral Agent Lender taking possession of the Collateral, or any part thereof, the Collateral Agent Lender shall have the right to maintain the same upon the premises on which the Collateral may then be situate. The Collateral Agent may Lender may, in a reasonable manner, take such action or do such things as to render any Equipment unusable.

Appears in 1 contract

Samples: General Security Agreement (Maxim Mortgage Corp/)

Power of Entry. The Debtor shall forthwith upon demand assemble and deliver to the Collateral Agent possession of all of the Collateral at such place or places as may be reasonably specified by the Collateral Agent. The Collateral Agent may take such steps as it considers necessary or desirable to obtain possession of all or any part of the Collateral and, to that end, the Debtor agrees that the Collateral Agent, its servants or agents or Receiver (as hereinafter defined) may, at any time, during the day or night, enter upon lands and premises where the Collateral may be found for the purpose of taking possession of and/or removing the Collateral or any part thereof. In the event of the Collateral Agent taking possession of the Collateral, or any part thereof, the Collateral Agent shall have the right to maintain the same upon the premises on which the Collateral may then be situate. The Collateral Agent may take such action or do such things as to render any Equipment unusable.

Appears in 1 contract

Samples: General Security Agreement (Nexeo Solutions Finance Corp)

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Power of Entry. The Debtor shall forthwith upon demand demand, after the occurrence and during the continuance of an Event of Default, assemble and deliver to the Collateral Agent Lender possession of all of the Collateral at such place or places as may be reasonably specified by the Collateral AgentLender. The Collateral Agent Lender may take such steps as it considers necessary or desirable to obtain possession of all or any part of the Collateral and, to that end, the Debtor agrees that the Collateral AgentLender, its servants or agents or Receiver (as hereinafter defined) may, at any time, during the day or night, enter upon lands and premises where the Collateral may be found for the purpose of taking possession of and/or removing the Collateral or any part thereof. In the event of the Collateral Agent Lender taking possession of the Collateral, or any part thereof, the Collateral Agent Lender shall have the right to maintain the same upon the premises on which the Collateral may then be situate. The Collateral Agent Lender may take such reasonable action or do such things as to render any Equipment unusable.

Appears in 1 contract

Samples: General Security Agreement (Tarpon Industries, Inc.)

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