As to Inventory. (a) Each Pledgor shall keep the Inventory (other than Inventory sold in the ordinary course of business) at any of the places therefor specified in Section 9(a) or, upon 20 days' prior written notice to the Agent, at such other places in a jurisdiction where all action required by Section 10 shall have been taken with respect to the Inventory.
(b) Each Pledgor shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent not required pursuant to Section 5.01(b) of the Credit Agreement. In producing the Inventory, each Pledgor shall comply with all requirements of the Fair Labor Standards Act.
As to Inventory. The Borrower Parties shall keep the Inventory (other than Inventory sold in the ordinary course of business) at the places set forth on Schedule I hereto or, upon 30 days' prior written notice to the Lender, at such other places in a jurisdiction where all action required by Section 2.04 shall have been taken with respect to the Inventory. The Borrower Parties shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent that any of the foregoing are being contested by any of the Borrower Parties and no lien is imposed on the Inventory.
As to Inventory. Pledgor shall keep the Inventory (other than Inventory sold in the ordinary course of business) owned by each of them at the places therefor specified in Section 4(a) or, upon prior written notice to Collateral Agent, at such other places in jurisdictions where all action required by Section 5 shall have been taken with respect to the Inventory.
As to Inventory. The Grantor shall:
(a) Keep the Inventory (other than Inventory in transit to any such location or sold in the ordinary course of business) at Permitted Inventory Locations or, with the prior consent of the Secured Party, at such other places in jurisdictions where all action required by SECTION 4 shall have been taken with respect to the Inventory.
(b) Pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings.
As to Inventory. Such Grantor hereby agrees that it will:
(a) keep all the Inventory (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 3.2 or, upon 30 days' prior written notice to the Administrative Agent, at such other places in a jurisdiction where all representations and warranties set forth in Article III shall be true and correct in all material respects, and all action required pursuant to the first sentence of Section 4.6 shall have been taken with respect to the Inventory; and
(b) pay promptly when due all property and other Taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been set aside.
As to Inventory. The Borrower shall:
(a) Keep the Inventory at the places speci- fied in Section 4(b) and deliver written notice to the Bank at least thirty days prior to establishing any other location at which it reasonably expects to maintain Inventory having an aggregate fair market value in excess of $50,000, in which jurisdiction all action required by Section 5 shall have been taken with respect to all such Inventory.
(b) Maintain or cause to be maintained in good repair and condition, excepting ordinary wear and tear and damage due to casualty, all of the Inventory, and make or cause to be made all appropriate repairs, renewals and re- placements thereof, to the extent not obsolete and consistent with past practice of the Borrower or as required by any Gov- ernmental Authority, as quickly as practicable after the oc- xxxxxxxx of any loss or damage thereto which are necessary or desirable to such end. The Borrower shall promptly furnish to the Bank a statement respecting any material loss or dam- age to any of the Inventory with an aggregate fair market value exceeding $50,000 as a result of a single occurrence.
As to Inventory. (a) Each Grantor shall keep the Inventory (other than Inventory sold in the ordinary course of business or consumed by a Grantor in the ordinary course of business) pledged by such Grantor hereunder at the places therefor specified in Section 3(a) or, upon thirty (30) days' prior written notice to the Administrative Agent, at such other places in a jurisdiction where all action required by this Agreement to maintain the security interest of the Administrative Agent in such Inventory granted hereby shall have been taken with respect to such Inventory.
(b) Each Grantor shall timely pay when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against the Inventory pledged by such Grantor hereunder; PROVIDED, HOWEVER, that such Grantor shall not be required to pay any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against the Borrower or any of its Subsidiaries. In producing the Inventory pledged by such Grantor hereunder, each Grantor shall comply with all requirements of the Fair Labor Standards Act.
As to Inventory. (a) Each Grantor will keep its Inventory (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 4(c) or, upon 30 days’ prior written notice to the Administrative Agent, at such other places designated by such Grantor in such notice.
(b) Each Grantor will promptly furnish to the Administrative Agent a statement respecting any loss or damage exceeding $5,000,000 per occurrence to any of its Inventory.
(c) Each Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Inventory, except to the extent payment thereof is not required by Section 9.5 of the 2005 Credit Agreement. In producing its Inventory, each Grantor will comply with all requirements of applicable law, including, without limitation, the Fair Labor Standards Act.
(d) With respect to leased premises or warehouses at which Inventory with a net book value of greater than $500,000 is stored, at Borrower’s expense, each Grantor will use commercially reasonable efforts to obtain a landlord’s or warehouseman’s agreement, in form and substance reasonably satisfactory to the Administrative Agent, as duly executed and delivered by the applicable landlord or warehouseman within 30 days after the date hereof or such later date as Administrative Agent may specify in its discretion.
As to Inventory. The Debtor shall not sell, lease or otherwise transfer any interest in the Inventory except that the Debtor may, until an Event of Default occurs, hold, process, sell, use or consume the Inventory in the ordinary course of its business, excluding, however, any sale or transfer made in partial or total satisfaction of a debt.
As to Inventory. (a) Each Grantor will keep its Inventory (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 4(c) or, upon 30 days’ prior written notice to the Administrative Agent, at such other places designated by such Grantor in such notice.
(b) Each Grantor will promptly furnish to the Administrative Agent a statement respecting any loss or damage exceeding $5,000,000 per occurrence to any of its Inventory.
(c) Each Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, its Inventory, except to the extent payment thereof is not required by Section 9.5 of the 2005 Credit Agreement. In producing its Inventory, each Grantor will comply with all requirements of applicable law, including, without limitation, the Fair Labor Standards Act.
