Common use of Landlord Access Agreements/Bailee Letters Clause in Contracts

Landlord Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(m) annexed to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a waiver of bailee's lien (substantially in the form of Exhibit 9 annexed hereto) and/or a landlord access agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, landlord access agreement and/or landlord's lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent. A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $25,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $250,000 in the aggregate for all Pledgors.

Landlord Access Agreements/Bailee Letters. Each Pledgor shall use its commercially reasonable efforts to obtain as soon as practicable after the date hereof with respect to each location set forth in Schedule 4.01(m) annexed to the Credit Agreement, where such Pledgor maintains Pledged Collateral, a waiver of bailee's lien (substantially in the form of Exhibit 9 4 annexed hereto) and/or a landlord access agreement, as applicable, and use commercially reasonable efforts to obtain a Bailee Letter, landlord access agreement and/or landlord's lien waiver, as applicable, from all such bailees and landlords, as applicable, who from time to time have possession of Pledged Collateral in the ordinary course of such Pledgor's business and if reasonably requested by the Collateral Agent. A waiver of bailee's lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $25,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $250,000 100,000 in the aggregate for all Pledgors.