As to Inventory Clause Samples
As to Inventory. The Borrower Parties shall keep the Inventory (other than Inventory sold in the ordinary course of business) at the places set forth on Schedule I hereto or, upon 30 days' prior written notice to the Lender, at such other places in a jurisdiction where all action required by Section 2.04 shall have been taken with respect to the Inventory. The Borrower Parties shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent that any of the foregoing are being contested by any of the Borrower Parties and no lien is imposed on the Inventory.
As to Inventory. (a) Each Pledgor shall keep the Inventory (other than Inventory sold in the ordinary course of business) at any of the places therefor specified in Section 9(a) or, upon 20 days' prior written notice to the Agent, at such other places in a jurisdiction where all action required by Section 10 shall have been taken with respect to the Inventory.
(b) Each Pledgor shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent not required pursuant to Section 5.01(b) of the Credit Agreement. In producing the Inventory, each Pledgor shall comply with all requirements of the Fair Labor Standards Act.
As to Inventory. Pledgor shall keep the Inventory (other than Inventory sold in the ordinary course of business) owned by each of them at the places therefor specified in Section 4(a) or, upon prior written notice to Collateral Agent, at such other places in jurisdictions where all action required by Section 5 shall have been taken with respect to the Inventory.
As to Inventory. The Grantor shall:
(a) Keep the Inventory (other than Inventory in transit to any such location or sold in the ordinary course of business) at Permitted Inventory Locations or, with the prior consent of the Secured Party, at such other places in jurisdictions where all action required by SECTION 4 shall have been taken with respect to the Inventory.
(b) Pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings.
As to Inventory. (a) Each Grantor will keep its Inventory (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 4(c) or, upon 30 days’ prior written notice to the Administrative Agent, at such other places designated by such Grantor in such notice.
(b) Each Grantor will promptly furnish to the Administrative Agent a statement respecting any loss or damage exceeding $5,000,000 per occurrence to any of its Inventory.
(c) Each Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Inventory, except to the extent payment thereof is not required by Section 9.5 of the 2005 Credit Agreement. In producing its Inventory, each Grantor will comply with all requirements of applicable law, including, without limitation, the Fair Labor Standards Act.
As to Inventory. (a) Each Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Inventory, except to the extent payment thereof is not required by Section 5.01(b) of the Credit
As to Inventory. Each Grantor shall:
(a) Keep the Inventory owned by it at the place therefor specified in Schedule B attached to the First Security Agreement (or in direct transit thereto);
(b) Keep the Inventory owned by such Grantors in good condition, in compliance with all government requirements for its sale, and salable in the ordinary course of such Grantor's business;
(c) Pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith and without jeopardizing the value of the Inventory as security hereunder;
(d) Permit the Guarantor and its agents to make inspections and audits of the Inventory when and as often as the Guarantor considers necessary or desirable; and
(e) Not sell any Inventory except in the ordinary course of its business substantially in the same manner as now conducted and in accordance with Applicable Law.
As to Inventory. (a) Each Grantor will keep its Inventory (other than Inventory in transit, Inventory on consignment, Inventory sold in the ordinary course of business, Inventory that is on the premises of a ▇▇▇▇▇▇ and Inventory not in excess of $2,000,000 in the aggregate) at the places therefor specified in Section 6(d) or, upon at least 15 days’ prior written notice to the Agent, at such other places designated by such Grantor in such notice.
(b) Each Grantor will promptly furnish to the Agent a statement respecting any loss or damage exceeding $2,000,000 per occurrence to any of its Inventory.
(c) Each Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Inventory except to the extent that payment thereof is not required by Section 5.01(b) of the Credit Agreement. In producing its Inventory, each Grantor will comply in all material respects with all requirements of applicable law, including, without limitation, the Fair Labor Standards Act.
(d) Each Grantor will use commercially reasonable efforts to obtain, no later than February 15, 2009 (or such later date as the Agent, acting in its sole discretion, may agree), a landlord’s, warehouseman’s or ▇▇▇▇▇▇’▇ agreement, in form and substance reasonably satisfactory to the Agent, with respect to any Inventory stored at leased premises or at a warehouse, except to the extent that the aggregate value of the Inventory stored at such leased premises or warehouse is less than $1,000,000.
As to Inventory. The Debtor shall not sell, lease or otherwise transfer any interest in the Inventory except that the Debtor may, until an Event of Default occurs, hold, process, sell, use or consume the Inventory in the ordinary course of its business, excluding, however, any sale or transfer made in partial or total satisfaction of a debt.
As to Inventory. Such Grantor hereby agrees that it will:
(a) keep all the Inventory (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 3.2 or, upon 30 days' prior written notice to the Administrative Agent, at such other places in a jurisdiction where all representations and warranties set forth in Article III shall be true and correct in all material respects, and all action required pursuant to the first sentence of Section 4.6 shall have been taken with respect to the Inventory; and
(b) pay promptly when due all property and other Taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been set aside.