Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Lender's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Lender in their original form. The Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intellicell Corp), Loan and Security Agreement (Paradyne Corp), Loan and Security Agreement (Great Train Store Co)

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Control of Inventory. In connection with all Inventory -------------------- financed by Letters of Credit, the Borrower will, at the Lender's request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Lender in their original form. The Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower willshall, at the Lender's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's orderorder and, and if they shall come into the Borrower's possession, to the Borrower shall deliver them, upon request, to the Lender in their original form. The Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Cosmetic Center Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower Borrowers will, at the Lender's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's order, and if they shall come into the a Borrower's possession, to deliver them, upon request, to the Lender in their original form. The Each Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (California Microwave Inc)

Control of Inventory. In connection with all Inventory financed -------------------- by Letters of Credit, the each Borrower willshall, at the Lender's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's orderorder and, and if they shall come into the a Borrower's possession, to such Borrower shall deliver them, upon request, to the Lender in their original form. The Each Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

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Control of Inventory. In connection with all Inventory financed by Letters of CreditBanker s Acceptances, the each Borrower will, at the Lender's Lender s request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's Lender s order, and if they shall come into the Borrower's any Borrower s possession, to deliver them, upon request, to the Lender in their original form. The Each Borrower shall also, at the Lender's Lender s request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Pentech International Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower will, at the Lender's request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Lender in their original form. The Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerprobe Corp)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower will, at the Lender's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Lender holds a security interest to deliver them to the Lender and/or subject to the Lender's order, and if they shall come into the such Borrower's possession, to deliver them, upon request, to the Lender in their original form. The Each Borrower shall also, at the Lender's request, designate the Lender as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Outlook Group Corp)

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