Common use of Access to Inventory Clause in Contracts

Access to Inventory. The Borrowers shall permit the Agent's representatives to have access to their respective inventory from time to time, as requested by the Agent, for purposes of audit, examination, inspection, and appraisal thereof and verification of Borrower's records pertaining thereto. Except after the occurrence of an Unmatured Event of Default or an Event of Default, the Agent shall give the Borrowers at least same day telephone notice before exercising the rights granted in the preceding sentence and such rights shall be exercised during normal business hours. Upon demand by the Agent, after the occurrence and during the continuation of an Event of Default, each Borrower shall assemble its inventory which constitutes Collateral hereunder and make it available to the Agent at such Borrower's place of business. At the request of the Agent, after the occurrence and during the continuance of an Event of Default, each Borrower shall provide warehousing space in its own premises to the Agent for the purpose of taking inventory into the custody of the Agent without removal thereof from such premises and will erect such structures and post such signs as the Agent may require in order to place such inventory under the exclusive control of the Agent.

Access to Inventory. The Borrowers shall permit the Agent's representatives to have access to their respective inventory from time to time, as requested by the Agent, for purposes of audit, examination, inspection, and appraisal thereof and verification of Borrower's the Borrowers' records pertaining thereto. Except after the occurrence of an Unmatured Event of Default or an Event of Default, the Agent shall give the Borrowers at least same day telephone notice before exercising the rights granted in the preceding sentence and such rights shall be exercised during normal business hours. Upon demand by the Agent, after the occurrence and during the continuation of an Event of Default, each Borrower shall assemble its inventory which constitutes Collateral hereunder and make it available to the Agent at such Borrower's place of business. At the request of the Agent, after the occurrence and during the continuance of an Event of Default, each Borrower shall provide warehousing space in its own premises to the Agent for the purpose of taking inventory into the custody of the Agent without removal thereof from such premises and will erect such structures and post such signs as the Agent may require in order to place such inventory under the exclusive control of the Agent.