Common use of Occupation of Business Location Clause in Contracts

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11, 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 11, 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 4 contracts

Sources: Loan and Security Agreement (Roberds Inc), Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Factory Card Outlet Corp)

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11:, the Agent may enter upon, occupy, and use any premises owned or occupied by the each Borrower, and may exclude the each 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 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 11:, nor for any charge (such as wages for the any 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 (Phar Mor Inc), Loan and Security Agreement (Homebase Inc), Loan and Security Agreement (Phar Mor Inc)

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11, 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 11, 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 (Designs Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Occupation of Business Location. In connection with the Agent's ’s exercise of the Agent's ’s rights under this Article 11, 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 11, 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 (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11:, 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 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 11:, 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

Sources: Loan and Security Agreement (Sports Authority Inc /De/)

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11, 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 11, 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 1 contract

Sources: Revolving Credit Facility (Sun Television & Appliances Inc)

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article 11, the Agent may enter upon, occupy, and use any premises owned or occupied by the each Borrower, and may exclude the each 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 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 11, nor for any charge (such as wages for the Borrower's any Borrowers' employees and utilities) incurred in connection with the Agent's exercise of the Agent's Rights and Remedies.

Appears in 1 contract

Sources: Loan and Security Agreement (Drugmax Inc)

Occupation of Business Location. In connection with the Agent's Agents' exercise of the Agent's their rights under this Article 11Article, the Agent Agents 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 AgentAgents. The Agent Agents shall not be required to remove any of the Collateral from any such premises upon the Agent's Agents' taking possession thereof, and may render any Collateral unusable to the BorrowerBorrowers. In no event shall the Agent Agents be liable to the Borrower Borrowers for use or occupancy by the Agent Agents of any premises pursuant to this Article 11Article, nor for any charge (such as wages for the Borrower's Borrowers' employees and utilities) incurred in connection with the Agent's Agents' exercise of the Agent's Agents' Rights and Remedies.

Appears in 1 contract

Sources: Loan and Security Agreement (Dynamics Research Corp)