Inventory; Perpetual Inventory. Each Grantor represents and warrants to the Agent and the other Secured Parties and agrees with the Agent and the other Secured Parties that all of the Inventory owned by such Grantor is and will be held for sale or lease in the ordinary course of such Grantor’s business, and is and will be fit (ordinary wear and tear and casualty events excepted) for such purposes, except, in each case, to the extent as would not reasonably be expected to result in a Material Adverse Effect.
Appears in 5 contracts
Samples: Canadian Security Agreement (United Rentals North America Inc), u.s. Security Agreement (United Rentals North America Inc), Canadian Security Agreement (United Rentals North America Inc)
Inventory; Perpetual Inventory. Each Grantor represents and warrants to the Agent and the other Secured Parties and agrees with the Agent and the other Secured Parties that all of the Inventory owned by such Grantor is and will be held for sale or lease in the ordinary course of such Grantor’s business, and is and will be fit (ordinary wear and tear and casualty events excepted) for such purposes, except, in each case, except to the extent as would not reasonably be expected to result in a Material Adverse Effect.
Appears in 2 contracts
Samples: Canadian Security Agreement (United Rentals North America Inc), u.s. Security Agreement (United Rentals North America Inc)
Inventory; Perpetual Inventory. Each Grantor represents and warrants to the Collateral Agent and the other Secured Parties and agrees with the Collateral Agent and the other Secured Parties that all of the Inventory owned by such Grantor is and will be held for sale or lease in the ordinary course of such Grantor’s business, and is and will be fit (ordinary wear and tear and casualty events excepted) for such purposes, except, in each case, except to the extent as would not reasonably be expected to result in a Material Adverse Effect.
Appears in 1 contract
Samples: Security Agreement (United Rentals North America Inc)
