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 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 a form consistent with that of the Inventory reports delivered to Agent prior to the Closing Date, and shall include such other 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 Inventory. Each Borrower shall keep keep, and shall cause each other Loan Party to keep, records of its Inventory which records shall be complete and accurate and complete 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 7.1.4 or more frequently as reasonably requested by Agent, which reports will be in a form consistent with that of the Inventory reports delivered to Agent prior to the Closing Date, and shall include such other format and detail as Agent shall reasonably request and shall include a current list of all locations of such BorrowerBorrowers' and each other Loan Party'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. Borrowers shall conduct a physical inventory no less frequently than annually or, in lieu of a physical inventory, shall conduct cycle counts of Inventory.

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 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 a form consistent with that of the Inventory reports delivered to Agent prior to the Closing Date, and shall include 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 maintain a fully costed perpetual Inventory system reasonable acceptable to Agent with respect to its finished goods 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.