Common use of Equipment and Inventory Clause in Contracts

Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers or (iii) Equipment out for repair or in the possession of employees in the ordinary course of business. No Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 3 contracts

Samples: Security Agreement (Huron Consulting Group Inc.), Security Agreement (Huron Consulting Group Inc.), Security Agreement (Huron Consulting Group Inc.)

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Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers carriers, or (iii) Equipment out for repair or in the possession held by employees of employees such Grantor in the ordinary course of business. No Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 2 contracts

Samples: Security Agreement (Amedisys Inc), Security Agreement (Amedisys Inc)

Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, lessee and (ii) Equipment or Inventory in transit with common carriers carriers, at a customer location or (iii) Equipment out for repair or computers and other mobile equipment in the possession or control of employees in the ordinary course directors, officers, employees, consultants or other agents of businesssuch Grantor. No material Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Trinet Group Inc), First Lien Credit Agreement (Trinet Group Inc)

Equipment and Inventory. With respect to any Equipment material equipment and/or Inventory material inventory of a such Grantor, each such Grantor has exclusive possession and control of such Equipment equipment and Inventory inventory of such Grantor except for (i) Equipment equipment leased by such Grantor as a lesseelessor permitted by Section 7.1(b) of the Credit Agreement, (ii) Equipment equipment or Inventory inventory in transit with common or other carriers or (iii) Equipment out for repair or in as otherwise permitted by the possession of employees in the ordinary course of businessCredit Agreement. No Inventory of a Grantor material inventory is held by a Person other than a such Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 2 contracts

Samples: Security Agreement (Avinger Inc), Security Agreement (Avinger Inc)

Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers or out for repair, (iii) Equipment out for repair or in the possession of employees contract manufacturers and other service providers or (iv) computer equipment in the ordinary course possession of businessemployees. No Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Venus Concept Inc.), Guaranty and Security Agreement (Venus Concept Inc.)

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Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers or out for repair in the ordinary course of business and (iii) Equipment out for repair or in the possession of such Grantor’s employees or consultants in the ordinary course of business. No Inventory of a such Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security Agreement (Establishment Labs Holdings Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers or (iii) Equipment out for repair or Inventory in the possession of employees in the ordinary course of businessa bailee or warehouseman as listed on Schedule 4(e). No Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security Agreement (RedHill Biopharma Ltd.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor except for (i) Equipment leased by such Grantor as a lessee, (ii) Equipment or Inventory in transit with common carriers or (iii) Equipment out for repair or in the possession of employees in the ordinary course of businesscontract manufacturers and other service providers. No Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security Agreement (Venus Concept Inc.)

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