Common use of Third Party Property Clause in Contracts

Third Party Property. Exhibit 7.1.26, as updated by Borrower providing prompt written notice thereof to Agent, is a complete listing of all Persons that are not Affiliates of Borrower and that have Property from time to time located on Borrower's or any Subsidiary's premises for storage and/or processing (including pursuant to a lease or supply arrangement between such Person and Borrower or any Subsidiary), and includes a description of the nature of the relationship between Borrower or its Subsidiary and such Person with respect to such Property and a listing of any existing agreements relevant thereto. If requested by Agent, in its reasonable judgment, each such Person has delivered to Agent a letter confirming the nature of such relationship with Borrower. All such Property is readily identifiable as Property of such Person and not of Borrower or its Subsidiary, and is physically segregated from the Property of Borrower or its Subsidiary located on the Premises.

Appears in 3 contracts

Samples: And Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)

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