Common use of Inventory Monitoring Clause in Contracts

Inventory Monitoring. (i) Provide monthly inventory counts except where such Credit Party employs a perpetual inventory system; (ii) Implement cycle count programs at each inventory location; (iii) Conduct full physical counts at each inventory location at least every Financial Quarter; (iv) Assess inventory for obsolescence and declines in market price at least once in every Financial Quarter; and (v) By no later than June 30, 2019, have begun implementing either Sage, Microsoft Dynamix or a similarly reputable business management software across all businesses owned as at March 1, 2019, and have completed such implementation by no later than March 31, 2020;