Common use of Use and Possession of Certain Premises Clause in Contracts

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Star Group, L.P.), Pledge and Security Agreement (Star Group, L.P.), Pledge and Security Agreement (Star Group, L.P.)

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Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Borrower for such use and occupancy.

Appears in 4 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp), Pledge and Security Agreement (Matrix Service Co)

Use and Possession of Certain Premises. Upon the occurrence of a Defaultan Event of Default and during the continuance thereof, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 4 contracts

Samples: Credit Agreement (Alliance Resource Partners Lp), Security Agreement (Alliance Holdings GP, L.P.), Security Agreement (Alliance Resource Partners Lp)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Debtor for such use and occupancy.

Appears in 4 contracts

Samples: Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)

Use and Possession of Certain Premises. Upon the occurrence of a an Event of Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 3 contracts

Samples: Security Agreement (Photronics Inc), Security Agreement (Photronics Inc), Security Agreement (Photronics Inc)

Use and Possession of Certain Premises. Upon the occurrence If an Event of a DefaultDefault has occurred and is continuing, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Cypress Energy Partners, L.P.), Credit Agreement (Cypress Energy Partners, L.P.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Borrower for such use and occupancy.

Appears in 2 contracts

Samples: Security Agreement (Magnetek Inc), Credit Agreement (Northland Cable Properties Four LTD Partnership)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the non-contingent Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement (United Stationers Inc), Pledge and Security Agreement (United Stationers Inc)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Debtor for such use and occupancy.

Appears in 2 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations (other than Unliquidated Obligations) are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 2 contracts

Samples: Pledge and Security Agreement (CIMPRESS PLC), Pledge and Security Agreement (CIMPRESS PLC)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tennant Co)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Obligors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Obligors for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor such Guarantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor such Guarantor for such use and occupancy.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Use and Possession of Certain Premises. Upon During the occurrence continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Action Performance Companies Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Defaultan Event of Default and subject to the Intercreditor Agreement, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy, subject to Section 8.2 hereof all respects.

Appears in 1 contract

Samples: Pledge and Security Agreement (Weatherford International PLC)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor each Guarantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor such Guarantor for such use and occupancy.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Use and Possession of Certain Premises. Upon the occurrence of a an Event of Default, the Collateral Agent shall be entitled to occupy reasonable use and use occupancy of any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Encore Capital Group Inc)

Use and Possession of Certain Premises. Upon the occurrence of a an Event of Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are Indebtedness is paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Debtor for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (Northstar Healthcare Inc)

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Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor such Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured such Debtor’s Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor such Debtor for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (Sand Springs Railway CO)

Use and Possession of Certain Premises. Upon If an Event of Default has occurred and is continuing, subject to the occurrence of a DefaultIntercreditor Agreement, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor Issuer where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Issuer for such use and occupancy.

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any such Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Xeta Corp)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Debtor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor the Debtor for such use and occupancy.

Appears in 1 contract

Samples: Broker Loan Pledge and Security Agreement (Ameritrade Holding Corp)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any such Grantor for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (Astec Industries Inc)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Newpark Resources Inc)

Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any the Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any the Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Matrix Service Co)

Use and Possession of Certain Premises. Upon the occurrence of a an Event of Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor Borrower where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Borrower for such use and occupancy.

Appears in 1 contract

Samples: Security Agreement (HII Technologies, Inc.)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor Fast Forward where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor Fast Forward for such use and occupancy.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor the Grantors where any of the Collateral or any records relating to the Collateral are located until the non-contingent Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (United Stationers Supply Co)

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

Appears in 1 contract

Samples: Pledge and Security Agreement (Kelly Services Inc)

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