Common use of Collateral Access Clause in Contracts

Collateral Access. To the extent that the Debtor's property constituting Collateral is located at, on or in any property of the Counterparty subject to an Assigned Agreement, the Counterparty agrees that after the occurrence and during the continuance of an Event of Default, the Counterparty shall permit the Administrative Agent to have access to such Collateral during normal business hours to prepare and show the Collateral for sale and/or conduct a sale thereof, or remove the Collateral from such locations; provided, that such sale or removal of the Collateral is completed within a commercially reasonable period of time (not to exceed 90 days). In addition, such occupancy shall otherwise be subject to and in accordance with the terms of the applicable Assigned Agreement.

Collateral Access. To the extent that the Debtor's ’s property constituting Collateral is located at, on or in any property of the Counterparty subject to an Assigned Agreement, the Counterparty agrees that after the occurrence and during the continuance of an Event of Default, the Counterparty shall permit the Administrative Agent to have access to such Collateral during normal business hours to prepare and show the Collateral for sale and/or conduct a sale thereof, or remove the Collateral from such locations; provided, that such sale or removal of the Collateral is completed within a commercially reasonable period of time (not to exceed 90 days). In addition, such occupancy shall otherwise be subject to and in accordance with the terms of the applicable Assigned Agreement.