Sharing of Information and Access. (a) In the event that the ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or otherwise, receive possession or control of any books and records of any Term Loan Party which contain information identifying or pertaining to the Term Priority Collateral, the ABL Agent shall, upon request from the Term Agent and as promptly as practicable thereafter, either make available to the Term Agent such books and records for inspection and duplication or provide to the Term Agent copies thereof. In the event that the Term Agent shall, in the exercise of its rights under the Term Collateral Documents or otherwise, receive possession or control of any books and records of any ABL Loan Party which contain information identifying or pertaining to any of the ABL Priority Collateral, the Term Agent shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication or provide the ABL Agent copies thereof. (b) Each Agent upon the written request of the other Agent shall provide such Agent with copies of Loan Documents, other than any fee letters and all amendments thereto, provided that the failure to provide such Loan Documents or Amendments shall impose no liability on any Agent.
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Sources: Abl Credit Agreement (Overseas Shipholding Group Inc), Term Loan Credit Agreement (Overseas Shipholding Group Inc)
Sharing of Information and Access. (a) In the event that the ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or otherwise, receive possession or control of any books and records Records of any Term Loan Credit Party which contain information identifying or pertaining to the Term Priority Collateral, the ABL Agent shall, upon request from the Term Agent and as promptly as practicable thereafter, either make available to the Term Agent such books and records Records for inspection and duplication or provide to the Term Agent copies thereof. In the event that the Term Agent shall, in the exercise of its rights under the Term Collateral Documents or otherwise, receive possession or control of any books and records of any ABL Loan Credit Party which contain information identifying or pertaining to any of the ABL Priority Collateral, the Term Agent shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication or provide the ABL Agent copies thereof.
(b) Each . In the event that the Term Agent upon shall, in the written request exercise of its rights under the Term Collateral Documents or otherwise, obtain title to any Intellectual Property previously owned by any of the ABL Credit Parties, the Term Agent hereby irrevocably grants the ABL Agent a non-exclusive license or other Agent shall provide right to use, without charge, such Agent with copies of Loan Documents, other than Intellectual Property as it pertains to the ABL Priority Collateral in advertising for sale and selling any fee letters and all amendments thereto, provided that the failure to provide such Loan Documents or Amendments shall impose no liability on any AgentABL Priority Collateral.
Appears in 2 contracts
Sources: Intercreditor Agreement (Hertz Corp), Intercreditor Agreement (Progress Precision Inc.)
Sharing of Information and Access. (a) In the event that the ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or otherwise, receive possession or control of any books and records Records of any Term Loan Credit Party which that contain information identifying or pertaining to the Term Priority Collateral, the ABL Agent shall, upon request from the Term Agent or any Additional Agent and as promptly as practicable thereafter, either make available to the Term Agent such Party such books and records Records for inspection and duplication or provide to the Term Agent such Party copies thereof. In the event that the Term Agent or any Additional Agent shall, in the exercise of its rights under the Term Collateral Documents, the Additional Collateral Documents or otherwise, receive possession or control of any books and records of any ABL Loan Credit Party which that contain information identifying or pertaining to any of the ABL Priority Collateral, the Term Agent such Party shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication or provide the ABL Agent copies thereof.
(b) Each . In the event that the Term Agent upon or any Additional Agent shall, in the written request exercise of its rights under the Term Collateral Documents or otherwise, obtain title to any Intellectual Property previously owned by any of the ABL Credit Parties, such Party hereby irrevocably grants the ABL Agent a non-exclusive license or other Agent shall provide right to use, without charge, such Agent with copies of Loan Documents, other than Intellectual Property as it pertains to the ABL Priority Collateral in advertising for sale and selling any fee letters and all amendments thereto, provided that the failure to provide such Loan Documents or Amendments shall impose no liability on any AgentABL Priority Collateral.
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