Acquisitions of Inventory. No Borrower shall acquire or accept any Inventory on consignment or approval and will use its best efforts to insure that all Inventory that is produced by Borrowers in the United States of America will be produced in accordance with the FLSA and to the extent that such Inventory is produced by a Person other than Borrowers, Borrowers will routinely require a statement in its purchase orders with other Persons that obligate such other Persons to comply with the FLSA.
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Samples: Credit and Security Agreement (PNA Group Holding CORP)
Acquisitions of Inventory. No Borrower shall acquire or accept any Inventory on consignment or approval and each Borrower will use its best efforts to insure that all Inventory that is produced by Borrowers in the United States of America will be produced in accordance with the FLSA and to the extent that such Inventory is produced by a Person other than Borrowers, Borrowers will routinely require a statement in its purchase orders with other Persons that obligate such other Persons to comply with the FLSA.
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Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)
Acquisitions of Inventory. No Borrower shall acquire or accept any Inventory on consignment or approval and will use its best efforts to insure that all Inventory that is produced by Borrowers in the United States of America will be produced in accordance with the FLSA and to the extent that such Inventory is produced by a Person other than Borrowers, Borrowers will routinely require a statement in its purchase orders with other Persons that obligate such other Persons to comply with the FLSA.
Appears in 1 contract
Samples: Loan and Security Agreement (Tropical Sportswear International Corp)
Acquisitions of Inventory. No Borrower shall acquire or accept any Inventory on consignment or approval (except for the Retail Borrowers) and each Borrower will use its best efforts to insure that all Inventory that is produced by Borrowers in the United States of America will be produced in accordance with the FLSA and to the extent that such Inventory is produced by a Person other than Borrowers, Borrowers will routinely require a statement in its purchase orders with other Persons that obligate such other Persons to comply with the FLSA.
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