LOCATION OF INVENTORY COLLATERAL Sample Clauses

LOCATION OF INVENTORY COLLATERAL. It hereby represents and warrants to Lender that, as of the date hereof, its Inventory Collateral is situated only at one or more of the Collateral Locations, and it covenants with Lender not to locate the Inventory Collateral at any location other than a Collateral Location without at least thirty (30) days prior written notice to Lender.
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LOCATION OF INVENTORY COLLATERAL. Borrower hereby represents --------------------------------- and warrants to Lender that, as of the date hereof, the Inventory Collateral of Borrower is situated only at one or more of the Collateral Locations and Borrower covenants with Lender not to locate the Inventory Collateral at any location other than a Collateral Location without at least thirty (30) days prior written notice to Lender.
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LOCATION OF INVENTORY COLLATERAL. Borrower hereby represents and warrants to Lender that, as of the date hereof, the Inventory Collateral (except for certain portions thereof in transit) of Borrower is situated only at one or more of the Collateral Locations and Borrower covenants with Lender not to locate the Inventory Collateral at any location other than a Collateral Location without at least thirty (30) days prior written notice to Lender. In addition, to the extent Borrower should warehouse any of the Inventory Collateral at any time hereafter, Borrower acknowledges and agrees that such warehousing may be conducted only by warehousemen who have been pre-approved by Lender and who, in any event, shall issue non-negotiable warehouse receipts in Lender's name to evidence any such warehousing of goods constituting Inventory Collateral. In any event, Borrower will not consign any Inventory Collateral except upon first obtaining Lender's prior written consent thereto.
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LOCATION OF INVENTORY COLLATERAL. Each Borrower hereby represents and warrants to Lender that, as of the date hereof, the Inventory Collateral (except for certain portions thereof in transit or located upon the premises of a rental or lease customer) of such Borrower is situated only at one or more of the Collateral Locations and such Borrower covenants with Lender not to locate the Inventory Collateral at any location other than a Collateral Location or the premises of a rental or lease customer without at least thirty (30) days prior written notice to Lender. In addition, to the extent any Borrower should warehouse any of the Inventory Collateral at any time hereafter, such Borrower acknowledges and agrees that such warehousing may be conducted only by Innotrac or warehousemen who have been pre-approved by Lender and who, in any event, shall issue non-negotiable warehouse receipts in Lender's name to evidence any such warehousing of goods constituting Inventory Collateral. In any event, no Borrower will consign any Inventory Collateral to any Person other than Innotrac except upon first obtaining Lender's prior written consent thereto.
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LOCATION OF INVENTORY COLLATERAL. The Company hereby represents and warrants to the Bank that, as of the date hereof, the Inventory Collateral of the Company (other than Inventory Collateral which is in transit to or from the Company) is situated only at one or more of the Collateral Locations and the Company covenants with the Bank not to locate the Inventory Collateral at any location other than a Collateral Location without at least ten (10) Business Days prior written notice to the Bank.
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LOCATION OF INVENTORY COLLATERAL. Obligor hereby represents and warrants to Agent that, as of the date hereof, the Inventory Collateral of Obligor is situated only at one or more of the Collateral Locations and Obligor covenants with Agent not to locate the Inventory Collateral at any location other than a Collateral Location without at least thirty (30) days prior written notice to Agent.
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Related to LOCATION OF INVENTORY COLLATERAL

  • Location of Inventory Except as set forth in Schedule 4.25, the Inventory of Borrowers and their Subsidiaries is not stored with a bailee, warehouseman, or similar party and is located only at, or in-transit between, the locations identified on Schedule 4.25 to this Agreement (as such Schedule may be updated pursuant to Section 5.14).

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Administration of Inventory Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Accounts and Inventory Each Account or item of Inventory which Borrower shall, expressly or by implication, request Lender to classify as an Eligible Account or as Eligible Inventory, respectively, shall, as of the time when such request is made, conform in all respects to the requirements of such classification as set forth in the respective definitions of "Eligible Account" and "

  • Place of Business; Location of Collateral The address set forth in the heading to this Agreement is Borrower's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth on the Schedule. Borrower will give Silicon at least 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower's Address or one of the locations set forth on the Schedule.

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

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