Common use of Protection of Facility Clause in Contracts

Protection of Facility. 1 Property. Lessor may enter, take possession of, manage and operate all or any part of the Facility 1 Property or take any other actions which it reasonably determines are necessary to protect the Facility 1 Property and the rights and remedies of the Lessor Parties under this Agreement and the other Operative Documents, including (i) taking and possessing all of Lessee's books and records relating to the Facility 1 Property; (ii) entering into, enforcing, modifying, or canceling subleases on such terms and conditions as Lessor may consider proper; (iii) obtaining and evicting tenants; (iv) fixing or modifying sublease rents; (v) collecting and receiving any payment of money owing to Lessee; (vi) completing any unfinished Improvements; and/or (vii) contracting for and making repairs and alterations.

Appears in 2 contracts

Samples: Participation Agreement (Novellus Systems Inc), Security Agreement (Novellus Systems Inc)

AutoNDA by SimpleDocs

Protection of Facility. 1 Property. Lessor may enter, take possession of, manage and operate all or any part of the Facility 1 Property or take any other actions which it reasonably determines are necessary to protect the Facility 1 Property and the rights and remedies of the Lessor Parties (other than Novellus Participant) under this Agreement and the other Operative Documents, including (i) taking and possessing all of Lessee's books and records relating to the Facility 1 Property; (ii) entering into, enforcing, modifying, or canceling subleases on such terms and conditions as Lessor may consider proper; (iii) obtaining and evicting tenants; (iv) fixing or modifying sublease rents; (v) collecting and receiving any payment of money owing to Lessee; (vi) completing any unfinished Improvements; and/or (vii) contracting for and making repairs and alterations.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

Protection of Facility. 1 2 Property. Lessor may enter, take possession of, manage and operate all or any part of the Facility 1 2 Property or take any other actions which it reasonably determines are necessary to protect the Facility 1 2 Property and the rights and remedies of the Lessor Parties (other than Novellus Participant) under this Agreement and the other Operative Documents, including (i) taking and possessing all of Lessee's books and records relating to the Facility 1 2 Property; (ii) entering into, enforcing, modifying, or canceling subleases on such terms and conditions as Lessor may consider proper; (iii) obtaining and evicting tenants; (iv) fixing or modifying sublease rents; (v) collecting and receiving any payment of money owing to Lessee; (vi) completing any unfinished Improvements; and/or (vii) contracting for and making repairs and alterations.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

AutoNDA by SimpleDocs

Protection of Facility. 1 2 Property. Lessor may enter, take possession of, manage and operate all or any part of the Facility 1 2 Property or take any other actions which it reasonably determines are necessary to protect the Facility 1 2 Property and the rights and remedies of the Lessor Parties under this Agreement and the other Operative Documents, including (i) taking and possessing all of Lessee's books and records relating to the Facility 1 2 Property; (ii) entering into, enforcing, modifying, or canceling subleases on such terms and conditions as Lessor may consider proper; (iii) obtaining and evicting tenants; (iv) fixing or modifying sublease rents; (v) collecting and receiving any payment of money owing to Lessee; (vi) completing any unfinished Improvements; and/or (vii) contracting for and making repairs and alterations.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.