Occupation of Business Location. In connection with the Agent’s exercise of the Agent’s rights under this Article 12, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 12, nor for any charge (such as wages for the Borrower’s employees and utilities) incurred in connection with the Agent’s exercise of the Agent’s Rights and Remedies.
Appears in 3 contracts
Sources: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Occupation of Business Location. In connection with the Agent’s exercise of the Agent’s rights under this Article 12XI, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 12XI, nor for any charge (such as wages for the Borrower’s employees and utilities) incurred in connection with the Agent’s exercise of the Agent’s Rights and Remedies.
Appears in 2 contracts
Sources: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (RoomStore, Inc.)
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 1211:, the Agent may enter upon, occupy, and use any premises owned or occupied by the any Borrower, and may exclude the any Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the any Borrower. In no event shall the Agent be liable to the any Borrower for use or occupancy by the Agent of any premises pursuant to this Article 1211:, nor for any charge (such as wages for the any Borrower’s 's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 2 contracts
Sources: Loan and Security Agreement (Jacobson Stores Inc), Loan and Security Agreement (Jacobson Stores Inc)
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 12:, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 12:, nor for any charge (such as wages for the Borrower’s 's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 2 contracts
Sources: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 1211, the Agent may enter upon, occupy, and use any premises owned or occupied by the any Borrower, and may exclude the Borrower Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent be liable to the Borrower Borrowers for use or occupancy by the Agent of any premises pursuant to this Article 1211, nor for any charge (such as wages for the Borrower’s Borrowers' employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 2 contracts
Sources: Loan and Security Agreement (Sports Authority Inc /De/), Loan and Security Agreement (Sunglass Hut International Inc)
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 126, the Agent may enter upon, occupy, and use any premises owned or occupied by the BorrowerGuarantor, and may exclude the Borrower Guarantor from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the BorrowerGuarantor. In no event shall the Agent be liable to the Borrower Guarantor for use or occupancy by the Agent of any premises pursuant to this Article 126, nor for any charge (such as wages for the Borrower’s Guarantor's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 1 contract
Sources: Loan and Security Agreement (Sunglass Hut International Inc)
Occupation of Business Location. In connection with the Agent’s exercise of the Agent’s rights under this Article 12, the Agent may enter upon, occupy, and use any premises owned or occupied by the BorrowerBorrowers, and may exclude the Borrower Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent be liable to the Borrower Borrowers for use or occupancy by the Agent of any premises pursuant to this Article 12, nor for any charge (such as wages for the Borrower’s Borrowers’ employees and utilities) incurred in connection with the Agent’s exercise of the Agent’s Rights and Remedies.
Appears in 1 contract
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 1211:, the Agent may enter upon, occupy, and use any premises owned or occupied by the any Borrower, and may exclude the Borrower any Borrowers from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent be liable to the any Borrower for use or occupancy by the Agent of any premises pursuant to this Article 1211:, nor for any charge (such as wages for the Borrower’s Borrowers' employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 1 contract
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 12Article, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 12Article, nor for any charge (such as wages for the Borrower’s 's employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 1 contract
Sources: Loan and Security Agreement (Harvard Bioscience Inc)
Occupation of Business Location. In connection with the Agent’s 's exercise of the Agent’s 's rights under this Article 12XI, the Agent may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent’s 's taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Agent be liable to the Borrower for use or occupancy by the Agent of any premises pursuant to this Article 12XI, nor for any charge (such as wages for the Borrower’s employees and utilities) incurred in connection with the Agent’s 's exercise of the Agent’s 's Rights and Remedies.
Appears in 1 contract
Sources: Loan and Security Agreement (Wild Oats Markets Inc)