Examples of Landlord Personal Property Collateral Access Agreement in a sentence
In no event shall the failure to obtain any Landlord Personal Property Collateral Access Agreement or bailee letter, as applicable, constitute a Default or an Event of Default so long as such Credit Party has used its commercially reasonable efforts to obtain same as required above.
Notwithstanding the foregoing, no Credit Party shall be required to pay any consideration to obtain any Landlord Personal Property Collateral Access Agreement or bailee letter, as applicable (other than the reasonable fees and expenses of counsel).
Collateral Agent shall have received from each applicable Credit Party a fully executed Landlord Personal Property Collateral Access Agreement relating to each Leasehold Property listed in Schedule 3.1(g).
In the event that any Credit Party acquires a Material Real Estate Asset which is a Leasehold Property, then such Credit Party, contemporaneously with acquiring such Material Real Estate Asset and/or for a Credit and Guaranty Agreement commercially reasonable period thereafter, shall use commercially reasonable efforts to obtain a Landlord Personal Property Collateral Access Agreement with respect thereto.
Each Guarantor agrees to obtain a Landlord Personal Property Collateral Access Agreement from the landlord or lessor of each Related Location.