Example ContractsClausesCollateral Access Agreements
Collateral Access Agreements
Collateral Access Agreements contract clause examples

Collateral Access Agreements. Upon the request of the Lenders, the Borrower shall (i) 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.

Collateral Access Agreements. Upon the request of the Lenders, the Borrower shall (i) 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.

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. The Borrower shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, mortgagee of owned property or bailee or consignee with respect to any warehouse, processor or converter facility or other location where Collateral is stored or located, which agreement or letter shall provide access rights, contain a waiver or subordination of all Liens or claims that the landlord, mortgagee, bailee or consignee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Lender.

Collateral Access Agreements. The Borrowers shall use commercially reasonable efforts to cause to be delivered to the Administrative Agent, within ninety (90) days of the Closing Date, 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 $2,500,000; provided that the aggregate value of all of the collateral in all distribution centers and warehouses so excluded shall not exceed $5,000,000.

Collateral Access Agreements. The Grantor shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, mortgagee of owned property or bailee or consignee with respect to any warehouse, processor or converter facility or other location where Collateral is stored or located, which agreement or letter shall provide access rights, contain a waiver or subordination of all Liens or claims that the landlord, mortgagee, bailee or consignee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Lender.

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 (i) the chief executive office of each Borrower and Guarantor of Payment not otherwise delivered pursuant to Section 4.2(e) hereof; and (ii) each other location of a Borrower or Guarantor of Payment where any of the collateral securing any part of the Obligations is located, unless (A) such location is owned by the Credit Party that owns the collateral located there, or (B) a Collateral Access Agreement would not otherwise be required pursuant to Section 5.21(e) hereof.

Collateral Access Agreements” means a landlord waiver, mortgagee waiver, bailee letter or similar acknowledgment of any lessor, warehouseman or processor in possession of any Collateral or on whose property any Collateral is located in form and substance reasonably satisfactory to the Agent.

Collateral Access Agreements. For any real property leased by such Grantor that is subject to a Collateral Access Agreement in favor of the Administrative Agent, (i) promptly notify the Administrative Agent following receipt of written notice delivered to such Grantor under such lease of a change in the identity of the lessor and (ii) use commercially reasonable efforts to obtain such replacement or new Collateral Access Agreements for such real property as the Administrative Agent may request as a result of such change in the identity of the lessor.

Collateral Access Agreements. The Borrowers shall have delivered a Collateral Access Agreement for the location of the applicable Credit Parties located at 12755 E. Nine Mile, Warren, Michigan, in form and substance satisfactory to the Administrative Agent and the Lenders.

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