Common use of Control of Inventory Clause in Contracts

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

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

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