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

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

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

Use and Possession of Certain Premises. Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled to occupy and use any premises owned or leased by the Term Borrower where any of the Collateral or any records relating to the Collateral are located until the Term Borrower’s Obligations are paid for a reasonable period in order to effectuate its rights and remedies hereunder or the Collateral is removed therefrom, whichever first occursunder law, without any obligation to pay the Term Borrower for such use and occupancy.

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

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

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