Common use of Inventory Representations and Warranties Clause in Contracts

Inventory Representations and Warranties. The Borrower makes the following warranties and representation to the Lender as to each and every item of Inventory, whether now existing or hereafter created or acquired, unless otherwise disclosed in writing by the Borrower to the Lender: (a) all statements or representations made by the Borrower in any Schedule of Inventory (as hereinafter defined) or other documents furnished to the Lender by the Borrower with respect to such Inventory are true and correct; (b) all Inventory is located on premises referred to in Section 2.05(c) of the Agreement or is Inventory which is in transit and is so identified on the relevant Schedule of Inventory; and (c) no Inventory is now, nor at any time hereafter shall be, stored with a bailee, warehouseman or similar party without the Lender's prior written consent.

Inventory Representations and Warranties. The Borrower makes the following warranties and representation representations to the Lender as to each and every item of Inventory, whether now existing or hereafter created or acquired, unless otherwise disclosed in writing by the Borrower to the Lender: (a) all statements or representations made by the Borrower in any Schedule of Inventory (as hereinafter defined) or other documents furnished to the Lender by the Borrower with respect to such Inventory are true and correct; (b) all Inventory is located on the premises referred to in Section 2.05(c2.05 (c) of the this Agreement or is Inventory in which is in transit and is so identified on the relevant Schedule of Inventory; and (c) no Inventory is now, nor at any time hereafter shall be, stored with a bailee, warehouseman or similar party without the Lender's prior written consent.