Common use of Use of Premises and Equipment Clause in Contracts

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and the Commitment and the Letters of Credit have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ owned or leased property.

Appears in 3 contracts

Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)

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Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and all of the Commitment Commitments and the Letters of Credit have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Versar Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and all of the Commitment and the Letters of Credit Commitments have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers' owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers' owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Argan Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and the Revolving Credit Commitment and the Letters of Credit have has been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers' owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers' owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Spacehab Inc \Wa\), Financing and Security Agreement (Spacehab Inc \Wa\)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and the Commitment and the Letters of Credit have this Agreement has been terminated or have expiredterminated, the Lender (a) after and during the continuance of a Default or an Event of Default, may use any of the Borrowers' owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers' owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Kimberton Enterprises Inc), Financing and Security Agreement (Clean Towel Service Inc)

Use of Premises and Equipment. The Borrowers agree Borrower agrees that until the Obligations are fully paid and the Commitment and the Letters of Credit have this Agreement has been terminated or have expiredterminated, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ Borrower's owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower's owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Pec Solutions Inc), Financing and Security Agreement (Dcap Group Inc/)

Use of Premises and Equipment. The Borrowers agree Borrower agrees that until the Obligations are fully paid and all of the Commitment and the Letters of Credit Commitments have been terminated or have expired, the Lender Agent (a) after and during the continuance of a Default or an Event of Default, may use any of the Borrowers’ Borrower’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower’s owned or leased property.

Appears in 2 contracts

Samples: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and all of the Commitment Commitments and the Letters of Credit have been terminated or have expired, the Lender Agent (a) after and during the continuance of an Event of Default, may use any of the Borrowers' owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers' owned or leased property.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Use of Premises and Equipment. The Borrowers agree Each Borrower agrees that until the Obligations are fully paid and the Commitment and the Letters of Credit have this Agreement has been terminated or have expiredterminated, the Lender (a) after and during the continuance of a Default or an Event of Default, may use any of the Borrowers’ Borrower's owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower's owned or leased property.

Appears in 1 contract

Samples: Financing and Security Agreement (Paradise Color Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and all of the Commitment Revolving Credit Commitments and the Letters of Credit have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers' owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers' owned or leased property.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

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Use of Premises and Equipment. The Borrowers agree Borrower agrees that until the Obligations are fully paid and the Commitment and the Letters of Credit have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ Borrower's owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower's owned or leased property.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensytech Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and all of the Commitment Commitments and the Letters of Credit have been terminated or have expired, the Lender Agent (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ owned or leased property.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Use of Premises and Equipment. The Borrowers agree Borrower agrees that until the Obligations are fully paid and the Commitment and the Letters of Credit have this Agreement has been terminated or have expiredterminated, the Lender (a) after and during the continuance of a Default or an Event of Default, may use any of the Borrowers’ Borrower's owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower's owned or leased property.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

Use of Premises and Equipment. The Borrowers agree that until the Obligations are fully paid and the Commitment and the Letters of Credit Commitments have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ owned or leased property.

Appears in 1 contract

Samples: Financing and Security Agreement (Rand Worldwide Inc)

Use of Premises and Equipment. The Borrowers agree Borrower agrees that until the Obligations are fully paid and the Commitment and the Letters of Credit have been terminated or have expired, the Lender (a) after and during the continuance of an Event of Default, may use any of the Borrowers’ Borrower’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (b) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of the Borrowers’ Borrower’s owned or leased property.

Appears in 1 contract

Samples: Financing and Security Agreement (ARGON ST, Inc.)

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