Common use of Records Relating to Collateral Clause in Contracts

Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Inventory on a FIFO basis, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take, or cause to be taken, a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Synthetic Industries Inc)

Records Relating to Collateral. (a) The Each Borrower will at all times (i) times keep complete and accurate records of (i) Inventory on a FIFO basisbasis consistent with past practices of such Borrower, itemizing and describing the kind, type and quantity of Inventory and the such Borrower's cost therefor and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Each Borrower will take, or cause to be taken, take a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Loan and Security Agreement (Denali Inc)

Records Relating to Collateral. (a) The Borrower will at all times times (i) keep complete and accurate records of Inventory on a FIFO basisbasis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor therefor, and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take, or cause to be taken, take a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Loan and Security Agreement (Shoneys Inc)

Records Relating to Collateral. (a) The Borrower will at all times times (i) keep complete and accurate records of Inventory on a FIFO basisbasis consistent with past practices of Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take, or cause to be taken, take a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Loan and Security Agreement (Centennial Specialty Foods Corp)

Records Relating to Collateral. (a) The Each Borrower will at all times times (i) keep complete and accurate records of Inventory on a FIFO basisbasis consistent with past practices of such Borrower, itemizing and describing the kind, type and quantity of Inventory and the such Borrower's cost therefor and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Each Borrower will take, or cause to be taken, take a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Loan and Security Agreement (Syratech Corp)

Records Relating to Collateral. (a) The Borrower will at all times times (i) keep complete and accurate records of Inventory on a FIFO basisbasis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's ’s cost therefor and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take, or cause to be taken, take a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Sources: Loan and Security Agreement (Syratech Corp)