Common use of Covenants Relating to Inventory Clause in Contracts

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 3 contracts

Samples: Security Agreement (Benihana Inc), Security Agreement (Mortons Restaurant Group Inc), Security Agreement (Riviera Holdings Corp)

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Covenants Relating to Inventory. (i) Maintain, keep and preserve its the Inventory in good salable good, rentable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, (A) promptly notify cause each such document of title to name on the Administrative Agent face thereof andthe Agent, for the Lenders, as lienholder of such title and (B) promptly upon request by the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 3 contracts

Samples: Security Agreement (M & M Properties Inc), Security Agreement (MST Enterprises Inc), Security Agreement (National Equipment Services Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense, other than a de minimis amount of Inventory which, in the ordinary course of the Obligors' business, fails to be so maintained, kept and preserved. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify upon request by the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Nacco Industries Inc), Security Agreement (Nacco Industries Inc)

Covenants Relating to Inventory. Each Obligor shall: (ia) Maintainmaintain, keep and preserve its Inventory in good salable condition at its own cost and expense. accordance with the terms of the Credit Agreement, (iib) Comply comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. , and (iiic) If if any of the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Lazydays Holdings, Inc.)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its the Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify immediately upon request by the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Galey & Lord Inc), Security Agreement (Galey & Lord Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Financing Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, immediately upon the request of by the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Master Financing Agreement (Zap)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory valued over $1,000,000 is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (GateHouse Media, Inc.)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory valued over $1,000,000 is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative AgentAgent or the Required Lenders, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.)

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Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory[Reserved.] (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Impax Laboratories Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its the Inventory in good salable saleable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify immediately upon request by the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Fresh Foods Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify upon request by the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Wolverine Tube Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense, in accordance with the provisions of the Credit Agreement. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify upon request by the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Nationsrent Companies Inc)

Covenants Relating to Inventory. (i) Maintain, keep and preserve its material Inventory in good salable condition at its own cost and expense. (ii) Comply with all reporting requirements set forth in the Credit Agreement with respect to Inventory. (iii) If any of Upon the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the reasonable request of the Administrative Agent, deliver such any document of title with respect to Inventory of an Obligor to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Armor Holdings Inc)

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