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 a Default, the Agent shall be entitled to occupy and use any premises owned or leased by Float 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 Float for such use and occupancy.

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Agent shall be entitled to occupy and use any premises owned or leased by Float Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid for a reasonable period in order to effectuate its rights and remedies hereunder or the Collateral is removed therefrom, whichever first occursunder law, without any obligation to pay Float Borrower for such use and occupancy.

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a -------------------------------------- Default, the Agent shall be entitled to occupy and use any premises owned or leased by Float 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 Float such Debtor for such use and occupancy.

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Agent shall be entitled to occupy and use any premises owned or leased by Float Jetride 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 Float Jetride for such use and occupancy.

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

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