Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory financed by Letters of Credit, if an Event of Default has occurred and is continuing, the Borrower and the other Loan Parties will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's or the other Loan Parties' possession, to deliver them, upon request, to the Agent in their original form. The Borrower and the other Loan Parties shall, at the Agent's request at any time, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Control of Inventory. In connection with all Inventory financed by Letters of Credit, if an during the existence of any Event of Default that has occurred and is continuing, not been waived in accordance with this Agreement the Borrower and the other Loan Parties Borrowers will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses customs brokers, warehouses, or others receiving or holding cash, checks, Inventory, documents documents, or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the any Borrower's or the other Loan Parties' possession, to deliver them, upon request, to the Agent in their original form. The Borrower and During the other Loan Parties shallexistence of any Event of Default that has not been waived in accordance with this Agreement the Borrowers shall also, at the Agent's request at any timerequest, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Control of Inventory. In connection with all Inventory financed by Letters of Credit, if an during the existence of any Event of Default that has occurred and is continuing, not been waived in accordance with this Agreement the Borrower and the other Loan Parties Borrowers will, at the Agent's ’s request, instruct all suppliers, carriers, forwarders, warehouses customs brokers, warehouses, or others receiving or holding cash, checks, Inventory, documents documents, or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's ’s order, and if they shall come into the any Borrower's or the other Loan Parties' ’s possession, to deliver them, upon request, to the Agent in their original form. The Borrower and During the other Loan Parties shallexistence of any Event of Default that has not been waived in accordance with this Agreement the Borrowers shall also, at the Agent's request at any time’s request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.