Common use of Use of Premises and Equipment Clause in Contracts

Use of Premises and Equipment. The Borrower agrees that until the Obligations are fully paid and all of the Commitments and the Letters of Credit and Bond Letters of Credit have been terminated or have expired, the Agent (a) after and during the continuance of a Default or an Event of Default, may use the 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 the Borrower's owned or leased property.

Use of Premises and Equipment. The Borrower agrees that until the Obligations (other than Contingent Indemnification Obligations) are fully paid and all of the Commitments and the Letters of Credit and Bond Letters of Credit have this Agreement has been terminated or have expiredterminated, the Agent Lender (a) after and during the continuance of a Default or an Event of Default, may use any of the 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 Borrower's owned or leased property.