Common use of Location of Inventory Clause in Contracts

Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ locations set forth on Schedule 4.13 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDER, except for sales of INVENTORY to ACCOUNT DEBTORS in the ordinary course of the BORROWERS’ businesses. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 attached hereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)

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Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ locations set forth on Schedule 4.13 3.8 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDERADMINISTRATIVE AGENT, except for sales of INVENTORY to ACCOUNT DEBTORS CUSTOMERS in the ordinary course of the BORROWERS’ businessesGUARANTOR’S business. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 attached hereto.

Appears in 1 contract

Samples: Security Agreement (Martek Biosciences Corp)

Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ BORROWER'S locations set forth on Schedule 4.13 4.12 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDER, except for sales of INVENTORY to ACCOUNT DEBTORS in the ordinary course of the BORROWERS’ businessesBORROWER'S business. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 4.12 attached hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Accom Inc)

Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ BORROWERS locations set forth on Schedule 4.13 5.13 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDER, except for sales of INVENTORY to ACCOUNT DEBTORS in the ordinary course of the BORROWERS’ BORROWERS businesses. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 5.13 attached hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

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Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ BORROWER'S locations set forth on Schedule 4.13 5.14 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDER, except for sales of INVENTORY to ACCOUNT DEBTORS in the ordinary course of the BORROWERS’ businessesBORROWER'S business. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 5.14 attached hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Ea Engineering Science & Technology Inc)

Location of Inventory. The INVENTORY is and shall be kept solely at the BORROWERS’ BORROWERS= locations set forth on Schedule 4.13 attached hereto, and shall not be moved, sold or otherwise disposed of without prior notification to the LENDER, except for sales of INVENTORY to ACCOUNT DEBTORS in the ordinary course of the BORROWERS’ BORROWERS= businesses. None of the INVENTORY is stored with or in the possession of any bailee, warehouseman, or other similar PERSON, except as specifically disclosed on Schedule 4.13 attached hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Imtek Office Solutions Inc)

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