Common use of Use and Possession of Certain Premises Clause in Contracts

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 6 contracts

Samples: Pledge and Security Agreement (Tredegar Corp), Pledge and Security Agreement (Tredegar Corp), Pledge and Security Agreement (Tredegar Corp)

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Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 5 contracts

Samples: Credit Agreement (Tennant Co), Credit Agreement (Journal Media Group, Inc.), Credit Agreement (ResCare Finance, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy reasonable use and use occupancy of any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 4 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Encore Capital Group Inc), Pledge and Security Agreement (Encore Capital Group Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Grantor where any of the such Grantor’s Collateral or any records relating to the such Grantor’s Collateral are located until the Secured Obligations are paid or the such Grantor’s Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Meritor Inc), Pledge and Security Agreement (Meritor Inc), Pledge and Security Agreement (Meritor Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Layne Christensen Co), Pledge and Security Agreement (American Medical Systems Holdings Inc), Pledge and Security Agreement (Kendle International Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of DefaultDefault and the acceleration of the Obligations under the Credit Agreement pursuant to Article VII thereof, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 3 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Endo Pharmaceuticals Holdings Inc), Pledge and Security Agreement (Endo Pharmaceuticals Holdings Inc)

Use and Possession of Certain Premises. Upon the occurrence of an Event of Default and during the continuance of an Event of Defaultthereof, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors Company where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Company for such use and occupancy.

Appears in 2 contracts

Samples: Credit Agreement (General Communication Inc), Credit Agreement (Gci Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations (other than Unliquidated Obligations) are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Cimpress N.V.), Pledge and Security Agreement (Vistaprint N.V.)

Use and Possession of Certain Premises. Upon Following the occurrence and during the continuance of an a Payment Event of DefaultDefault or Acceleration Event, the Administrative Agent shall be entitled to occupy and use enter any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located solely for the purpose of exercising its remedies in the Collateral and solely until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Advisory Board Co), Pledge and Security Agreement (Advisory Board Co)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of If an Event of DefaultDefault has occurred and is continuing, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor such Debtor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Vanguard Natural Resources, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance continuation of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Headwaters Inc), Pledge and Security Agreement (Headwaters Inc)

Use and Possession of Certain Premises. Upon Following the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Wellcare Health Plans, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an a Payment Event of DefaultDefault or Acceleration Event, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (JDS Uniphase Corp /Ca/)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Grantor where any of the such Grantor’s Pledged Collateral or any records relating to the such Grantor’s Pledged Collateral are located until the Secured Obligations are paid or the such Grantor’s Pledged Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations (other than Unliquidated Obligations) are paid in full or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innerworkings Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Techteam Global Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy, subject to Section 8.2 hereof all respects.

Appears in 1 contract

Samples: u.s. Pledge and Security Agreement (Weatherford International PLC)

Use and Possession of Certain Premises. Upon the occurrence and during During the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Priceline Com Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Grantor where any of the such Grantor’s Pledged Collateral or any records relating to the such Grantor’s Pledged Collateral are located until the Secured Obligations are paid or the such Grantor’s Pledged Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Arvinmeritor Inc)

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Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations (other than obligations expressly stated to survive such payment or termination) are paid in full or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Microchip Technology Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (NewStar Financial, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance continuation of an Event of a Default, subject to compliance with applicable Cemetery Laws, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Stonemor Partners Lp)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance continuation of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Gorman Rupp Co)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors Guarantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Guarantor for such use and occupancy.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Golden Entertainment, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Borrower for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (HII Technologies, Inc.)

Use and Possession of Certain Premises. Upon the occurrence If a Default has occurred and during the continuance of an Event of Defaultis continuing, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Inergy L P)

Use and Possession of Certain Premises. Upon Following the occurrence and during the continuance of an Event of DefaultDefault and subject to the receipt of all Necessary Regulatory Approvals, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Wellcare Health Plans, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Borrower for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Teton Energy Corp)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors any Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor such Debtor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

Use and Possession of Certain Premises. Upon Following the occurrence and during the continuance of an a Payment Event of DefaultDefault or Acceleration Event, the Administrative Agent shall be entitled to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Advisory Board Co)

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