Common use of Certain Real Property Notices; Insurance Clause in Contracts

Certain Real Property Notices; Insurance. (a) The Note Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 2 contracts

Samples: Intercreditor Agreement (Easton-Bell Sports, Inc.), Pledge and Security Agreement (Easton-Bell Sports, Inc.)

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Certain Real Property Notices; Insurance. (a) The Note Term Debt Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 2 contracts

Samples: Credit Agreement (UniTek Global Services, Inc.), Intercreditor Agreement (Smithfield Foods Inc)

Certain Real Property Notices; Insurance. (a) The Note Term Loan Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property (including, for the avoidance of doubt, the commencement of any action against title insurance policies) owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 1 contract

Samples: Intercreditor Agreement (Griffon Corp)

Certain Real Property Notices; Insurance. (a) The Note Fixed Asset Representative shall give the Designated ABL Representative at least 30 days days' notice prior to it commencing any Enforcement Action against any Real Property (including, for the avoidance of doubt, the commencement of any action against title insurance policies) owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 1 contract

Samples: Intercreditor Agreement (Winnebago Industries Inc)

Certain Real Property Notices; Insurance. (a) The Note Term Loan Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property (including, for the avoidance of doubt, the commencement of any action against title insurance policies) owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 1 contract

Samples: Intercreditor Agreement (Winnebago Industries Inc)

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Certain Real Property Notices; Insurance. (a) The Note Notes Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real PropertyProperty (it being understood that failure to give such notice shall not affect the effectiveness or validity of such Enforcement Action).

Appears in 1 contract

Samples: Intercreditor Agreement (Us Concrete Inc)

Certain Real Property Notices; Insurance. (ai) The Note Term Debt Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 1 contract

Samples: Amended and Restated Intercreditor Agreement (Smithfield Foods Inc)

Certain Real Property Notices; Insurance. (a) The Note and Specified Hedge Representative shall give the ABL Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property (including, for the avoidance of doubt, the commencement of any action against title insurance policies) owned by any Loan Party at which ABL Priority Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property.

Appears in 1 contract

Samples: Intercreditor Agreement (Northern Tier Retail LLC)

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