Common use of Designation of Inventory Clause in Contracts

Designation of Inventory. Upon Lender’s request, Borrower shall now and from time to time hereafter, but not less frequently than monthly, execute and deliver to Lender a detailed designation of Inventory from Borrower and from all public warehouses, specifying the cost and, if applicable, the market value of Borrower's raw materials, work in process and finished goods, and further specifying such other information as Lender may reasonably request, with all monthly information due within five (5) days of month end. Borrower shall promptly, in writing, notify Lender if any of Borrower's Inventory contains any labels, trademarks, trade-names or other identifying characteristics which are the properties of third parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Spy Inc.)

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Designation of Inventory. Upon Lender’s Lenders’ request, Borrower shall now and from time to time hereafter, but not less frequently than monthly, execute and deliver to Lender Lenders a detailed summary designation of Inventory from Borrower and from all public warehouses, specifying the cost and, if applicable, the market value of Borrower's raw materials, work in process and finished goods, and further specifying such other information as Lender Lenders may reasonably request, with all monthly information due within five fifteen (515) days of month end. Borrower shall promptly, in writing, notify Lender Lenders if any of Borrower's Inventory contains any labels, trademarks, trade-names tradenames or other identifying characteristics which are the properties of third parties.

Appears in 1 contract

Samples: Loan and Security Agreement (T3 Motion, Inc.)

Designation of Inventory. Upon Lender’s request, Borrower shall now and from time to time hereafter, but not less frequently than monthly, execute and deliver to Lender a detailed designation of Inventory from Borrower and from all public warehouses, specifying the cost and, if applicable, the market value of Borrower's ’s raw materials, work in process and finished goods, and further specifying such other information as Lender may reasonably request, with all monthly information due within five (5) days of month end. Borrower shall promptly, in writing, notify Lender if any of Borrower's ’s Inventory contains any labels, trademarks, trade-names or other identifying characteristics which are the properties of third parties.

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

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Designation of Inventory. Upon Lender’s request, Borrower shall now and from time to time hereafter, but not less frequently than monthly, execute and deliver to Lender a detailed summary designation of Inventory from Borrower and from all public warehouses, specifying the cost and, if applicable, the market value of Borrower's raw materials, work in process and finished goods, and further specifying such other information as Lender may reasonably request, with all monthly information due within five fifteen (515) days of month end. Borrower shall promptly, in writing, notify Lender if any of Borrower's Inventory contains any labels, trademarks, trade-names tradenames or other identifying characteristics which are the properties of third parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Andalay Solar, Inc.)

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