Use and Possession of Certain Premises. Upon the occurrence of a Default, the Lender shall be entitled to occupy and use any premises owned or leased by 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 the Grantor for such use and occupancy.
Appears in 7 contracts
Samples: Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Magnetek Inc)
Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Lender or its agents or representatives shall be entitled to occupy and use any premises owned or leased by the any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Grantor Obligations are paid in full or until the Collateral is removed therefrom, whichever first occursoccurs first, without any obligation to pay the such Grantor for such use and occupancy.
Appears in 2 contracts
Samples: General Security Agreement (Simclar Inc), General Security Agreement (Simclar Inc)
Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Lender or its agents or representatives shall be entitled to occupy and use any premises owned or leased by the any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid in full or until the Collateral is removed therefrom, whichever first occursoccurs first, without any obligation to pay the Grantor for such use and occupancy.
Appears in 1 contract
Samples: General Security Agreement (Mattress Holding Corp.)
Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Lender or its agents or representatives shall be entitled to occupy and use any premises owned or leased by the any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid in full or until the Collateral is removed therefrom, whichever first occursoccurs first, without any obligation to pay the any Grantor for such use and occupancy.
Appears in 1 contract
Samples: Security Agreement (Healthcomp Evaluation Services Corp)
Use and Possession of Certain Premises. Upon the occurrence and during the continuance of a an Event of Default, the Lender shall be entitled to occupy and use any premises owned or leased by 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 the Grantor for such use and occupancy.
Appears in 1 contract
