Common use of Inventory Schedule Clause in Contracts

Inventory Schedule. Concurrently with the delivery of each weekly Borrowing Base Report, a schedule detailing the Borrowers’ Inventory, in form reasonably satisfactory to Administrative Agent, by location (showing any Inventory which is in-transit or located with a third party under any consignment, bailee arrangement, or warehouse agreement), by class, by product type, and by volume on hand, which Inventory shall be valued for purposes of such Schedule by Borrowers at the lower of cost or wholesale fair market value and adjusted for Revolver Availability Reserves. Concurrently with the delivery of each monthly Borrowing Base Report, such items shall be reconciled to Borrowers’ general ledger, together with a roll-forward report of all inventory variances and reserves by category or other results of Inventory counts performed by Borrowers since the last Inventory schedule (including information regarding cost of goods sold (on a trailing twelve-month basis), sales or other reductions, slow moving Inventory, additions, returns, credits issued by Borrowers, complaints and claims made against Borrowers and other information reasonably requested by Administrative Agent).

Inventory Schedule. Concurrently with the delivery of (i) each weekly Borrowing Base Report, a schedule detailing the Borrowers’ Inventory, in form reasonably satisfactory to Administrative Agent, by location (showing any Inventory which is in-transit or located with a third party under any consignment, bailee arrangement, or warehouse agreement), by class, by product type, and by volume on hand, which Inventory shall be valued for purposes of such Schedule by Borrowers at the lower of cost or wholesale fair market value and adjusted for Revolver Availability Reserves. Concurrently with the delivery of Reserves and (ii) each monthly Borrowing Base Report, such items shall be reconciled to Borrowers’ general ledger, together with a roll-forward report of all inventory variances and reserves by category or other results of Inventory counts performed by Borrowers since the last Inventory schedule (including information regarding cost of goods sold (on a trailing twelve-month basis), sales or other reductions, slow moving Inventory, additions, returns, credits issued by Borrowers, complaints and claims made against Borrowers B▇▇▇▇▇▇▇▇ and other information reasonably requested by Administrative Agent).