Common use of Financial Records and Location of Collateral Clause in Contracts

Financial Records and Location of Collateral. They are to maintain true, accurate and complete books, records, and accounts of their business affairs in accordance with GAAP. The Borrower is to keep accurate records of the Collateral, which records are at all times to be physically located at the address of the Borrower set forth on Schedule 2. All tangible Collateral is to be physically located at the address of the Borrower set forth on Schedule 2, unless otherwise agreed by Lender and documented to the satisfaction of Lender.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Integrated Biopharma Inc)

AutoNDA by SimpleDocs

Financial Records and Location of Collateral. They are The Borrower is to maintain true, accurate and complete books, records, and accounts of their its business affairs in accordance with GAAP. The Borrower is to keep accurate records of the Collateral, which records are at all times to be physically located at the address chief executive office of the Borrower set forth on Schedule 2. All tangible Collateral is to be physically located at the address of the Borrower set forth on Schedule 2, unless otherwise agreed by Lender Xxxxxx and documented to the satisfaction of Lender.

Appears in 1 contract

Samples: Secured Revolving Loan Note (Media Sciences International Inc)

Financial Records and Location of Collateral. They are to maintain true, accurate and complete books, records, and accounts of their business affairs in accordance with GAAP. The Borrower is to keep accurate records of the Collateral, which records are at all times to be physically located at the address office of the Borrower in Auburn Hills, Michigan, set forth on Schedule 2. All tangible Collateral is to be physically located at the address addresses of the Borrower set forth on Schedule 2, unless otherwise agreed by Lender Agent and documented to the satisfaction of LenderAgent.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Spar Group Inc)

AutoNDA by SimpleDocs

Financial Records and Location of Collateral. They are Borrower is to maintain true, accurate and complete books, records, and accounts of their its business affairs in accordance with GAAP. The Borrower is to keep accurate records of the Collateral, which records are at all times to be physically located at the address of the Borrower set forth on Schedule 2. All tangible Collateral is to be physically located at the address of the Borrower set forth on Schedule 2, unless otherwise agreed by Lender and documented to the satisfaction of Lender.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (K Tronik International Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!