Common use of Collateral Access Agreements Clause in Contracts

Collateral Access Agreements. Each Loan Party Subsidiary shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, bailee in possession of any Collateral or mortgage of any owned property with respect to each location where any Collateral is stored or located, which Collateral Access Agreement shall be reasonably satisfactory in form and substance to Agent.

Appears in 4 contracts

Samples: Control Agreement (Earth Biofuels Inc), Control Agreement (Earth Biofuels Inc), Credit Agreement (PNG Ventures Inc)

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Collateral Access Agreements. Each To the extent not heretofore completed pursuant to the Original Credit Agreement, each Loan Party Subsidiary shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, bailee in possession of any Collateral or mortgage of any owned property with respect to each location where any Collateral is stored or located, which Collateral Access Agreement shall be reasonably satisfactory in form and substance to Agent.

Appears in 3 contracts

Samples: Credit Agreement (PNG Ventures Inc), Credit Agreement (Earth Biofuels Inc), Credit Agreement (Earth Biofuels Inc)

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Collateral Access Agreements. Each Such Loan Party Subsidiary shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, bailee in possession property or mortgagee of any Collateral or mortgage of any owned property with respect to each any facility or other location where any material Collateral or Receivables relating thereto is stored or located, which agreement or letter shall provide access rights, contain a waiver or subordination of all Liens or claims that the landlord or mortgagee, may assert against the Collateral Access Agreement at that location, and shall otherwise be reasonably satisfactory in form and substance to Agentthe Lender.

Appears in 1 contract

Samples: Credit Agreement (IntraLinks Holdings, Inc.)

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