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Collateral Access Agreement
Collateral Access Agreement contract clause examples

Collateral Access Agreements. Within ninety (90) days following the Effective Date (or such later date the Administrative Agent may agree to in its sole discretion), the Borrowers shall use their commercial reasonable efforts to deliver, or cause to be delivered, each Collateral Access Agreement required to be delivered pursuant to [Section 4.13] of the Security Agreement, each in form and substance reasonably satisfactory to the Administrative Agent; provided that, the Borrowers’ failure to deliver or cause to be delivered, such Collateral Access Agreements shall not constitute an Event of Default but shall be subject to the establishment of Rent Reserves against Eligible Inventory in accordance with this Agreement.

Collateral Access Agreements. No later than ninety (90) days after the Closing Date, the Borrowers shall deliver a Collateral Access Agreement, each in form and substance satisfactory to the Administrative Agent and the Lenders, for # the chief executive office of each Borrower and Guarantor of Payment not otherwise delivered pursuant to [Section 4.2(e)] hereof; and # each other location of a Borrower or Guarantor of Payment where any of the collateral securing any part of the Obligations is located, unless # such location is owned by the Credit Party that owns the collateral located there, or # a Collateral Access Agreement would not otherwise be required pursuant to [Section 5.21(e)] hereof.

Collateral Access Agreements. Upon the request of the Lenders, the Borrower shall # promptly, and in no event later than 45 days following the date of such request, deliver or cause to be delivered to the Lenders a copy of each Collateral Access Agreement in favor of Prepetition Administrative Agent available, if any, with respect to each real property set forth on [Schedule 5.9(d)], and (ii) use commercially reasonable efforts to deliver an assignment of such Collateral Access Agreements or new Collateral Access Agreements to the Lenders for such real property locations described on [Schedule 5.9(d)] as the Lenders require in their sole discretion.

On or prior to August 31, 2018 (or such later date as the [[Administrative Agent:Organization]] shall agree), the Loan Parties will use commercially reasonable efforts to deliver Collateral Access Agreements with respect to the leased properties required pursuant to [Section 4.13] of the Security Agreement.

. The Borrowers shall use commercially reasonable efforts to cause to be delivered to the Administrative Agent, within sixty (60) days of the Effective Date (or such longer time as the Administrative Agent may agree in its Permitted Discretion), a Collateral Access Agreement with respect to each distribution center or warehouse operated by the Borrowers, exclusive of any individual distribution center or warehouse containing collateral with a value of less than $4,000,000; provided that the aggregate value of all of the collateral in all distribution centers and warehouses so excluded shall not exceed $10,000,000.

Within 30 days following the Effective Date, the Borrower shall cause the Administrative Agent to receive a collateral access agreement, in form reasonably acceptable to the Administrative Agent, with respect to the Collateral located at the Borrower’s leased location in Dallas, Texas.

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