Inventory Reports. Borrower agrees to furnish Lender with Inventory reports at such times as Lender may request, but at least once each month. Such reports shall be in form and detail satisfactory to Lender. Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Lender a report based on each such physical inventory promptly thereafter, together with such supporting information as Lender shall in its discretion request.
Appears in 4 contracts
Sources: Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (Index Inc)
Inventory Reports. Borrower agrees Borrowers agree to furnish Lender with Inventory reports at such times as Lender may reasonably request, but at least once each month. Such reports shall be in form and detail reasonably satisfactory to Lender. Borrower Borrowers shall conduct a physical inventory no less frequently than annually and shall provide to Lender a report based on each such physical inventory promptly thereafter, together with such supporting information as Lender shall in its reasonable discretion request.
Appears in 1 contract
Inventory Reports. Borrower agrees to furnish Lender with Inventory reports at such times as Lender may reasonably request, but at least once each month. Such reports shall be in form and detail satisfactory to Lendercurrently generated by Borrower or in such other form and detail as Lender may reasonably request and which Borrower can reasonably generate. Borrower shall conduct a physical inventory cycle counts of its Inventory no less frequently than annually is conducted by Borrower on the Closing Date, and shall if requested by Lender will provide to Lender a report based on each the results of the cycle counts and such physical inventory promptly thereafter, together with such supporting additional information as Lender shall in its discretion request.
Appears in 1 contract
Sources: Loan and Security Agreement (Lowrance Electronics Inc)
Inventory Reports. Borrower agrees to furnish Lender with Inventory reports at such times as Lender may request, but at least once each month. Such reports shall be in form and detail satisfactory to Lender. Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Lender a report based on each such physical inventory promptly thereafter, together with such supporting information as Lender shall in its discretion request.
Appears in 1 contract
Sources: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)