Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory financed by Letters of Credit, each Borrower 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 such Borrower's possession, to deliver them, upon request, to the Agent in their original form. Each Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents. In the event the Agent is designated as consignee hereunder, at the applicable Borrower's request, the Agent will use best efforts to send promptly to such Borrower a copy of the consigned documents.