Inventory Production, Warehousing and Consignment Sample Clauses

Inventory Production, Warehousing and Consignment. (a) All Inventory, including, but not limited to the collections processing refining and production of methane gas and renewable natural gas, produced or offered for sale by Borrower during the term hereof will be produced in compliance with the requirements of the Federal Fair Labor Standards Act; (b) where any Inventory or is stored with a bailee, warehouseman or similar party, Borrower shall cause to be issued and deliver the same to Lender periodically upon request by Lender, in form and substance acceptable to Lender, warehouse receipts therefor in Lender’s name; PROVIDED, FURTHER, that nothing in this section shall be construed to otherwise permit any Inventory to be stored or located at any location other than as expressly permitted in this Agreement; and (c) no Inventory of Borrower shall be consigned to any Person without L▇▇▇▇▇’s prior written consent, and, if such consent is given, Borrower shall, prior to the delivery of any Inventory on consignment: (i) provide Lender with all consignment agreements to be used in connection with any consigned Inventory all of which shall be acceptable to Lender, (ii) prepare, execute and file appropriate financing statements with respect to any such consigned Inventory showing L▇▇▇▇▇ as assignee, (iii) conduct a search of all filings made against the consignee in all jurisdictions in which any consigned Inventory are to be located and deliver to Lender copies of the results of all such searches, (iv) notify, in writing, all of the creditors of the consignee which are or may be holders of Liens in the Inventory to be consigned that Borrower expects to deliver certain Inventory to the consignee, all of which Inventory shall be described in such notice by item or type, and (v) do all such other things and acts as may be necessary or desirable to fully perfect on a first priority basis L▇▇▇▇▇’s security interest in said Inventory.