Common use of Protection of Premises Clause in Contracts

Protection of Premises. Upon the occurrence and during the continuance of an Event of Default, the Mortgagee may take such actions, including, but not limited to disbursements of such sums, as the Mortgagee in its sole but reasonable discretion deems necessary to protect the Mortgagee’s interest in the Premises.

Appears in 22 contracts

Samples: Credit Agreement (Hertz Corp), Abl Credit Agreement (Veritiv Corp), Second Lien Credit Agreement (Us LBM Holdings, Inc.)

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Protection of Premises. Upon the occurrence and during the continuance of an Event of Default, the Mortgagee may take such actions, including, but not limited to disbursements of such sums, as the Mortgagee in its sole but reasonable discretion deems necessary in good faith to protect the Mortgagee’s interest in the Premises.

Appears in 2 contracts

Samples: Term Loan Guarantee and Collateral Agreement (Cornerstone Building Brands, Inc.), Notes Collateral Agreement (Cornerstone Building Brands, Inc.)

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Protection of Premises. Upon the occurrence and during the continuance of an Event of Default, the Mortgagee may take such actions, including, but not limited to to, disbursements of such sums, sums as the Mortgagee in its sole but reasonable discretion deems necessary to protect the Mortgagee’s interest in the Premises.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Nci Building Systems Inc)

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