Common use of Administration of Inventory Clause in Contracts

Administration of Inventory. Each Borrower shall keep, and shall cause each other Loan Party to keep, records of its Inventory which records shall be complete and accurate in all material respects. Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 7.1.4 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 Borrowers' and each other Loan Party's Inventory, 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, and shall cause each other Loan Party to keep, keep records of its Inventory which records shall be complete and accurate and complete in all material respects. Borrowers Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 7.1.4 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 format and detail as Agent shall reasonably request and shall include a current list of all locations of Borrowers' and each other Loan Partysuch 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. 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, and shall cause each other Loan Party to keep, records of its Inventory which records shall be complete and accurate in all material respects. Borrowers shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 7.1.4 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 Borrowers' ’ and each other Loan Party's ’s Inventory, 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.