Common use of Accounts and Inventory Clause in Contracts

Accounts and Inventory. Each Account or item of Inventory which any Borrower shall classify as an Eligible Account, Eligible Foreign Account or as Eligible Inventory, respectively, on any borrowing base certificate provided to Lender in accordance with Section 9.1 hereof shall, as of the time such certificate is delivered to Lender, conform in all respects to the requirements of such classification as set forth in the respective definitions of Eligible Account, Eligible Foreign Account and Eligible Inventory as set forth herein and as otherwise established by Lender from time to time in accordance with the terms and provisions of this Agreement.