Common use of Inventory and Equipment Records Clause in Contracts

Inventory and Equipment Records. Each Loan Party keeps correct and accurate records itemizing and describing the type, quality and quantity of its Inventory and Equipment and the book value thereof, in each case, consistent with past practice, except with respect to Inventory, which shall be determined on a “first-in, first-out” basis.

Inventory and Equipment Records. Each Loan Party keeps correct and accurate records itemizing and describing the type, quality quality, and quantity of its and its Subsidiaries' Inventory and Equipment and the book value thereof, in each case, consistent with past practice, except with respect to Inventory, which shall be determined on a “first-in, first-out” basis.

Inventory and Equipment Records. Each Loan Party keeps correct and accurate records itemizing and describing the type, quality quality, and quantity of its Equipment and Inventory and of the Equipment and Inventory of its Subsidiaries and the book value thereof, in each case, consistent with past practice, except with respect to Inventory, which shall be determined on a “first-in, first-out” basis.

Inventory and Equipment Records. Each Loan Party keeps correct and accurate records itemizing and describing the type, quality quality, and quantity of its and their Subsidiaries’ Inventory and Equipment and the book value thereof, in each case, consistent with past practice, except with respect to Inventory, which shall be determined on a “first-in, first-out” basis.