Common use of Entry Upon Premises and Access to Information Clause in Contracts

Entry Upon Premises and Access to Information. If an --------------------------------------------- Event of Default occurs and is continuing, the Administrative Agent and the Collateral Agent shall have the right to enter upon the premises of any Borrower where any Collateral is located (or is believed to be located) without any obligation to pay rent to such Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of the Administrative Agent or the Collateral Agent or any agent thereof, for such time as the Administrative Agent or the Collateral Agent may desire, in order effectively to collect or liquidate the Collateral, and/or the Administrative Agent or the Collateral Agent may require any Borrower to assemble the Collateral and make it available to the Administrative Agent or the Collateral Agent at a place or places to be designated by the Administrative Agent or the Collateral Agent. If an Event of Default occurs and is continuing, the Administrative Agent or the Collateral Agent shall have the right to obtain access to any Borrower's data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Administrative Agent or the Collateral Agent deems appropriate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Paetec Corp), Loan and Security Agreement (Paetec Corp)

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Entry Upon Premises and Access to Information. If an --------------------------------------------- Event of Default occurs and is continuing, the Administrative Agent and the Collateral Agent shall have the right to enter upon the premises of any Borrower where any Collateral is located (or is believed to be located) without any obligation to pay rent to such Borrower, or any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of the Administrative Agent or the Collateral Agent or any agent thereof, for such time as the Administrative Agent or the Collateral Agent may desire, in order effectively to collect or liquidate the Collateral, and/or the Administrative Agent or the Collateral Agent may require any Borrower to assemble the Collateral and make it available to the Administrative Agent or the Collateral Agent at a place or places to be designated by the Administrative Agent or the Collateral Agent. If an Event of Default occurs and is continuing, the Administrative Agent or the Collateral Agent shall have the right to obtain access to any Borrower's ’s data processing equipment, computer hardware and software relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Administrative Agent or the Collateral Agent deems appropriate.

Appears in 1 contract

Samples: Loan and Security Agreement (Paetec Corp)

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Entry Upon Premises and Access to Information. If Upon the occurrence and during the continuance of an --------------------------------------------- Event of Default occurs and is continuingDefault, the Administrative Agent and the Collateral Agent shall have the right right, to the extent permitted by Law, to enter upon the premises of any Borrower each of the Borrowers where any the Collateral is located (or is believed to be located) without any obligation to pay rent to such any Borrower, or or, except to the extent that the rights of third parties would be violated, until an appropriate order from a competent court is issued, any other place or places where the Collateral is believed to be located and kept, and render the Collateral unusable or remove the Collateral therefrom to the premises of the Administrative Agent or the Collateral Agent or any agent thereofAgent, for such time as the Administrative Agent or the Collateral Agent may desire, in order effectively to collect or liquidate the Collateral, and/or or the Administrative Agent or the Collateral Agent may require any Borrower to assemble the Collateral and make it available to the Administrative Agent or the Collateral Agent at a place or places to be designated by the Administrative Agent or the Collateral Agent. If Upon the occurrence and during the continuance of an Event of Default occurs and is continuingDefault, the Administrative Agent or the Collateral Agent shall have the right to obtain access to any Borrower's the data processing equipment, computer hardware and software of any Borrower relating to the Collateral and to use all of the foregoing and the information contained therein in any manner the Administrative Agent or deems appropriate for the Collateral purposes of protecting the rights of the Administrative Agent deems appropriatehereunder and its rights to the Collateral; and the Administrative Agent shall have the right to notify post office authorities to change the address for delivery of the mail of the Borrowers to an address designated by the Administrative Agent and to receive, open and process all mail addressed to any of the Borrowers.

Appears in 1 contract

Samples: Security Agreement (Fine Host Corp)

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