Common use of Administration of Inventory Clause in Contracts

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 3 contracts

Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

AutoNDA by SimpleDocs

Administration of Inventory. Each Borrower shall keep records of its and its Subsidiaries’ Inventory which records shall be complete and accurate and complete in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such each Borrower’s 's Inventory. Each Borrower Borrowers shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such each Borrower’s Inventory. Each Borrower Borrowers shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.. 6.4

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Administration of Inventory. Each Borrower Borrowers shall keep records of its Inventory their Inventory, which records shall be complete and accurate in all material respects. Each Borrower Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent8.1.4, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Borrowers’ Inventory. Each Borrower Borrowers shall conduct a physical inventory no less frequently than annually or adequate cycle counts and if a physical inventory is performed, shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambium Learning Group, Inc.)

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such each Borrower’s Inventory. Each Borrower Borrowers shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

AutoNDA by SimpleDocs

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent monthly Inventory reports concurrently with on the delivery tenth Business Day of each Borrowing Base Certificate described in subsection 8.1.4 fiscal month, for the preceding fiscal month, or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s 's Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate and complete in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request. Administration of Equipment.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

Administration of Inventory. Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s 's Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

Appears in 1 contract

Samples: Loan and Security Agreement (Deeter Foundry Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.