Use and Possession of Certain Premises. If an Event of Default has occurred and is continuing, Secured Party shall be entitled to occupy and use any premises owned or leased by 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 Debtor for such use and occupancy.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc)
Use and Possession of Certain Premises. If Upon the continuance of an Event of Default has occurred and is continuingDefault, Secured Party shall be entitled to occupy and use any premises owned or leased by 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 such Debtor for such use and occupancy.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Home Solutions of America Inc), Pledge and Security Agreement (Home Solutions of America Inc)
Use and Possession of Certain Premises. If Subject to the rights of lessors, mortgagees or other third parties, upon the occurrence and during the continuance of an Event of Default has occurred and is continuingDefault, the Secured Party shall be entitled to occupy and use any premises owned or leased by Debtor the 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 Debtor the Grantor for such use and occupancy.
Appears in 2 contracts
Samples: Pledge and Security Agreement (KonaRed Corp), Pledge and Security Agreement (Acusphere Inc)
Use and Possession of Certain Premises. If Upon the occurrence and during the continuance of an Event of Default has occurred and is continuingDefault, Secured Party shall be entitled to occupy possess and use any premises owned or leased by 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 Debtor for such use and occupancy.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Rf Monolithics Inc /De/), Pledge and Security Agreement (Rf Monolithics Inc /De/)
Use and Possession of Certain Premises. If an Event of Default has occurred and is continuing, Secured Party shall be entitled to occupy and use any premises owned or leased by 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 such Debtor for such use and occupancy.
Appears in 1 contract
Samples: Pledge and Security Agreement (Wilhelmina International, Inc.)
Use and Possession of Certain Premises. If Upon the occurrence of an Event of Default has occurred and is continuingDefault, Secured Party shall be entitled to occupy and use any premises owned or leased by 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 such Debtor for such use and occupancy.
Appears in 1 contract
Samples: Pledge and Security Agreement (Integrated Performance Systems Inc)
Use and Possession of Certain Premises. If Upon the occurrence of an Event of Default has occurred and is continuingDefault, Secured Party shall be entitled to occupy and use any premises owned or leased by Debtor 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 Debtor Grantor for such use and occupancy.
Appears in 1 contract
Samples: Pledge Agreement
Use and Possession of Certain Premises. If Upon the occurrence of an Event of Default has occurred and is continuingDefault, the Secured Party shall be entitled to occupy and use any premises owned or leased by the 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 the Debtor for such use and occupancy.
Appears in 1 contract
Use and Possession of Certain Premises. If Upon the occurrence of an Event of Default has occurred and is continuingDefault, Secured Party shall be entitled to occupy and use any premises owned or or, subject to any applicable landlord approval, leased by any Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations Indebtedness are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor for such use and occupancy.
Appears in 1 contract
