Entry Upon Premises. Upon the occurrence of an Event of Default, (i) Secured Party shall have the right to enter upon the premises of the Debtor where the Collateral is located (or is believed to be located) without any obligation to pay rent to the Debtor, 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, in order effectively to collect or liquidate the Collateral, or (ii) Secured Party may require the Debtor to assemble the Collateral and make it available to Secured Party at a place reasonably convenient to Secured Party or (iii) some combination thereof.
Appears in 2 contracts
Sources: Security Agreement (PHC Inc /Ma/), Loan and Security Agreement, Stock Purchase Plan, Promissory Note, Credit Note, Guaranty, Asset Purchase Agreement (PHC Inc /Ma/)