Common use of Inventory Count Clause in Contracts

Inventory Count. The Grantor will conduct a physical count of its Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP), and after and during the continuation of an Event of Default, at such other times as the Administrative Agent requests. Upon the request of the Administrative Agent, the Grantor, at Grantor’s own expense, shall deliver to the Administrative Agent the results of each physical verification, which the Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Escalade Inc), Pledge and Security Agreement (Escalade Inc)

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Inventory Count. The Such Grantor will conduct a physical count of its Inventory consistent with past practice at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)fiscal year, and after the occurrence and during the continuation of an Event of Default, at such other times as the Administrative Agent reasonably requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (NBC Acquisition Corp), Guarantee and Collateral Agreement (Nebraska Book Co)

Inventory Count. The Grantor will conduct a physical count of its the Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)Year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent Lender requests. Upon the request of the Administrative Agent, the The Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent Lender the results of each physical verification, which the Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (Koss Corp)

Inventory Count. The Such Grantor will conduct a physical count of its Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)fiscal year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Credit Agreement (Smurfit Stone Container Corp)

Inventory Count. The Such Grantor will conduct a physical count of its Inventory consistent with past practice at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)fiscal year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent reasonably requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (NBC Acquisition Corp)

Inventory Count. The Such Grantor will conduct a physical count of its Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)Year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (A. H. Belo CORP)

Inventory Count. The Such Grantor will conduct a physical count of its Inventory at least once per Fiscal Year fiscal year (at one time or by cycle counting in each case in accordance beginning with GAAPthe 2024 fiscal year), and after and during the continuation of an Event of Default, at such other times as the Administrative Agent requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tredegar Corp)

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Inventory Count. The Grantor will conduct a physical count of its the Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)Year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent requests. Upon the request of the Administrative Agent, the The Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent the results of each physical verification, which the Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (Superior Offshore International Inc.)

Inventory Count. The Such Grantor will will, to the extent required by the Grantor’s accountants, conduct a physical count of its Inventory at least once per Fiscal Year (or at one time or such intervals as required by cycle counting in each case in accordance with GAAPthe Grantor’s accountants), and after and during the continuation of an Event of Default, at such other times as the Administrative Collateral Agent requests. Upon the request of the Administrative Agent, the Such Grantor, at Grantor’s its own expense, shall deliver to the Administrative Collateral Agent the results of each physical verification, which the such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lev Pharmaceuticals Inc)

Inventory Count. The Grantor will conduct a physical count of its Inventory at least once per Fiscal Year (at one time or by cycle counting in each case in accordance with GAAP)Year, and after and during the continuation of an Event of Default, at such other times as the Administrative Agent Lender requests. Upon the request of the Administrative Agent, the The Grantor, at Grantor’s its own expense, shall deliver to the Administrative Agent Lender the results of each physical verification, which the Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory.

Appears in 1 contract

Samples: Pledge and Security Agreement (Supreme Industries Inc)

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