Use and Possession of Certain Premises. Upon the occurrence of an Event of Default, Lender shall be entitled to occupy and use any premises owned or leased by Debtor where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor for such use and occupancy.
Appears in 4 contracts
Samples: Loan and Security Agreement (AmeriCrew Inc.), Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp)
Use and Possession of Certain Premises. Upon the occurrence of an Event of Default, Lender shall be entitled to occupy and use any premises owned or leased by Debtor any Obligor where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor such Obligor for such use and occupancy.
Appears in 3 contracts
Samples: Loan and Security Agreement (Blue Dolphin Energy Co), Loan and Security Agreement (Blue Dolphin Energy Co), Loan and Security Agreement (Blue Dolphin Energy Co)
Use and Possession of Certain Premises. Upon the occurrence of an Event of Default, the Lender shall be entitled to occupy and use any premises owned or leased by Debtor the Borrower where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor the Borrower for such use and occupancy.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Acacia Diversified Holdings, Inc.), Asset Purchase Agreement (Acacia Automotive Inc)
Use and Possession of Certain Premises. Upon the occurrence of an Event of Default, Lender shall be entitled to occupy and use any premises owned or leased by Debtor any Borrower where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor any Borrower for such use and occupancy.
Appears in 1 contract
Samples: Loan and Security Agreement (Digerati Technologies, Inc.)
Use and Possession of Certain Premises. Upon the occurrence of an Event of a Default, Lender shall be entitled to occupy and use any premises owned or leased by Debtor Borrower where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor Borrower for such use and occupancy.
Appears in 1 contract
Samples: Pledge and Security Agreement (Tyler Technologies Inc)
Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of a Default, the Lender shall be entitled to occupy and use any premises owned or leased by Debtor the Borrower where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay Debtor the Borrower for such use and occupancy.
Appears in 1 contract
Samples: Security Agreement (Caraco Pharmaceutical Laboratories LTD)
Use and Possession of Certain Premises. Upon the occurrence of an Event of a Default, the Lender shall be entitled to occupy and use any premises owned or leased by the Debtor where any of the Collateral or any records relating to the Collateral are located until the Indebtedness is Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay the Debtor for such use and occupancy.
Appears in 1 contract
Samples: Pledge and Security Agreement (Mobility Electronics Inc)
