Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory of a Loan Party financed by Letters of Credit, the Loan Parties will, at the Agent's request, instruct all suppliers, carriers, forwarders, customs brokers, 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 any Loan Parties' possession, to deliver them, upon request, to the Agent in their original form. Loan Parties 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.

Control of Inventory. In connection with all Inventory of a Loan Party financed by Letters of Credit, the each Loan Parties Party will, at the Agent's ’s request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses, 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 any such Loan Parties' Party’s possession, to deliver them, upon request, to the Agent in their original form. Each Loan Parties Party shall also, at the Agent's ’s request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.