Common use of Occupation of Business Location Clause in Contracts

Occupation of Business Location. In connection with the Agent's exercise of the Agent's rights under this Article XI, the Agent may, unless prohibited by law, enter upon, occupy, and use any premises owned or occupied by any Borrower or Guarantor, and may, unless prohibit by law, exclude the Borrowers and Guarantors from such premises or portion thereof as may have been so entered upon, occupied, or used by the Agent. The Agent shall not be required to remove any of the Collateral from any such premises upon the Agent's taking possession thereof, and may render any Collateral unusable to the Borrowers or Guarantors. In no event shall the Agent be liable to the Borrowers or Guarantors for use or occupancy by the Agent of premises to this Article XI, nor for any charge (such as wages for the Borrowers' or Guarantors' employees and utilities) incurred in connection with the Agent's exercise of the Agent's Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

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Occupation of Business Location. In connection with the Term Collateral Agent's ’s exercise of the Term Collateral Agent's ’s rights under this Article XI, the Term Collateral Agent may, unless prohibited by law, may enter upon, occupy, and use any premises owned or occupied by any Borrower or GuarantorObligor, and may, unless prohibit by law, may exclude the Borrowers and Guarantors Obligors from such premises or portion thereof as may have been so entered upon, occupied, or used by the Term Collateral Agent. The Term Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Term Agent's ’s taking possession thereof, and may render any Collateral unusable to the Borrowers or GuarantorsObligors. In no event shall the Term Agent be liable to the Borrowers or Guarantors Obligors for use or occupancy by the Term Collateral Agent of any premises pursuant to this Article XI, nor for any charge (such as wages for the Borrowers' or Guarantors' Obligors’ employees and utilities) incurred in connection with the Term Collateral Agent's ’s exercise of the Term Agent's ’s Rights and Remedies.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Mothers Work Inc)

Occupation of Business Location. In connection with the Collateral Agent's exercise of the Collateral Agent's rights under this Article XI, the Collateral Agent may, unless prohibited by law, may enter upon, occupy, and use any premises owned or occupied by any Borrower or Guarantoreach Borrower, and may, unless prohibit by law, may exclude the Borrowers and Guarantors each Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent's taking possession thereof, and may render any Collateral unusable to the Borrowers or GuarantorsBorrowers. In no event shall the Collateral Agent be liable to the Borrowers or Guarantors any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article XI, nor for any charge (such as wages for the Borrowers' or Guarantors' any Borrower's employees and utilities) incurred in connection with the Collateral Agent's exercise of the Collateral Agent's Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Gymboree Corp)

Occupation of Business Location. In connection with the Collateral Agent's exercise of the Collateral Agent's rights under this Article XI12:, the Collateral Agent may, unless prohibited by law, may enter upon, occupy, and use any premises owned or occupied by any Borrower or Guarantoreach Borrower, and may, unless prohibit by law, may exclude the Borrowers and Guarantors each Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent's taking possession thereof, and may render any Collateral unusable to the Borrowers or Guarantorsall Borrowers. In no event shall the Collateral Agent be liable to the Borrowers or Guarantors any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article XI12:, nor for any charge (such as wages for the Borrowers' or Guarantors' a Borrower's employees and utilities) incurred in connection with the Collateral Agent's exercise of the Agent's Agents' Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

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Occupation of Business Location. In connection with the Agent's Collateral Agents' exercise of the Agent's Collateral Agents' rights under this Article XI11, the Agent may, unless prohibited by law, Collateral Agents may enter upon, occupy, and use any premises owned or occupied by any Borrower or Guarantoreach Borrower, and may, unless prohibit by law, may exclude the Borrowers and Guarantors each Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the AgentCollateral Agents. The Agent Collateral Agents shall not be required to remove any of the Collateral from any such premises upon the Agent's Collateral Agents' taking possession thereof, and may render any Collateral unusable to the Borrowers or GuarantorsBorrowers. In no event shall the Agent Collateral Agents be liable to the Borrowers or Guarantors any Borrower for use or occupancy by the Agent Collateral Agents of any premises pursuant to this Article XI11, nor for any charge (such as wages for the any Borrowers' or Guarantors' employees and utilities) incurred in connection with the Agent's Collateral Agents' exercise of the Agent's Rights and Remedies.

Appears in 1 contract

Samples: Value City Department Stores Inc /Oh

Occupation of Business Location. In connection with the Collateral Agent's exercise of the Collateral Agent's rights under this Article XI12:, the Collateral Agent may, unless prohibited by law, may enter upon, occupy, and use any premises owned or occupied by any Borrower or Guarantoreach Borrower, and may, unless prohibit by law, may exclude the Borrowers and Guarantors each Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent's taking possession thereof, and may render any Collateral unusable to the Borrowers or GuarantorsBorrowers. In no event shall the Collateral Agent be liable to the Borrowers or Guarantors any Borrower for use or occupancy by the Collateral Agent of any premises pursuant to this Article XI12:, nor for any charge (such as wages for the Borrowers' or Guarantors' any Borrower's employees and utilities) incurred in connection with the Collateral Agent's exercise of the Collateral Agent's Rights and Remedies.

Appears in 1 contract

Samples: Security Agreement (Homebase Inc)

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