Material Location definition
Examples of Material Location in a sentence
Contractor shall ensure that all such Submittals have been clearly marked to show the particular characteristics or model of the product to be approved, are properly labeled with the following information, and that all such information on such labels is true and correct: Project name and location; Name of Contractor; Name of Subcontractor and manufacturer; Name, finish and composition of the Material; Location or applicability to the Work; and Reference to specification section and drawing sheet number.
Contractor shall label each Sample with the following information, and shall ensure that all such information on such labels is true and correct: Project name and location; Name of Contractor; Name of Subcontractor and manufacturer; Name, finish and composition of the Material; Location or applicability to the Work; and Reference to specification section and drawing sheet number.
Within five (5) Business Days of any location becoming a Material Location, the Borrower shall provide the Administrative Agent with written notice of such location becoming a Material Location.
Within five (5) Business Days of any Loan Party entering into a new lease with respect to any Material Location, the Borrower shall provide the Administrative Agent with written notice of such new lease.
With respect to each Material Location leased or owned on or after the Closing Date, if the Administrative Agent has requested but, within sixty (60) days following such request, has not received a landlord agreement or bailee letter, Borrower's Eligible Spare Parts, Eligible Ground Service Equipment and Eligible Tooling at that location shall, in the Administrative Agent's discretion, be subject to such Reserves as may be established by the Administrative Agent in its reasonable credit judgment.
Without in any way limiting the foregoing, Borrower shall use its best efforts to deliver or cause to be delivered to the Agent a Landlord's Waiver from the owner/lessor of any Material Location, provided, however, that with respect to Borrower's Panorama City, California location, Borrower shall have a period of thirty (30) days from the Closing Date to provide such Landlord's Waiver.
Set forth on Schedule M-1 is a true and complete list of each Material Location of Borrower and each Guarantor (as such Schedule may be updated in accordance with Section 6.9).
If Borrower or any of its Subsidiaries shall acquire or establish a new Material Location subsequent to the date of this Agreement, Borrower shall promptly, and in any event within thirty (30) days after such location is acquired or established, notify the Bank thereof and provide to Bank, promptly upon its request, such additional information regarding such new Material Location as the Bank may reasonably require.
In the event that, after using its best efforts, Borrower is unable to provide the Agent a Landlord's Waiver for any Material Location, the Agent shall have the right, but not the obligation, to attempt to obtain such Landlord's Waiver from the applicable Person and Borrower shall cooperate with the Agent in connection with any such attempt to obtain such Landlord's Waiver.
With respect to each Material Location leased or owned on or after the Closing Date, if the Administrative Agent has requested but, within sixty (60) days following such request, has not received a landlord agreement or bailee letter, Borrower’s Eligible Spare Parts, Eligible Ground Service Equipment and Eligible Tooling at that location shall, in the Administrative Agent’s discretion, be subject to such Reserves as may be established by the Administrative Agent in its reasonable credit judgment.