Common use of Occupation of Business Location Clause in Contracts

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

Appears in 1 contract

Samples: Loan and Security Agreement (Coolsavings Com Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Coolsavings Com Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Dynagen Inc)

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Occupation of Business Location. In connection with the Lender's exercise ------------------------------- of the Lender's rights under this ArticleArticle 13, the Lender may enter upon, occupy, and use any premises owned or occupied by the Borrower, and may exclude the Borrower from such premises or portion thereof as may have been so entered upon, occupied, or used by the Lender. The Lender shall not be required to remove any of the Collateral from any such premises upon the Lender's taking possession thereof, and may render any Collateral unusable to the Borrower. In no event shall the Lender be liable to the Borrower for use or occupancy by the Lender of any premises pursuant to this ArticleArticle 13, nor for any charge (such as wages for the Borrower's employees and utilities) incurred in connection with the Lender's exercise of the Lender's Rights and Remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrys Farmers Market Inc)

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