Common use of Locations of Offices, Records and Inventory Clause in Contracts

Locations of Offices, Records and Inventory. As of the Closing Date, the address of the principal place of business and chief executive office of each Credit Party is set forth on Schedule 1.1(a). As of the Closing Date, the books and records of each Borrower and each Credit Party, and all of their respective chattel paper and records of Accounts, are maintained exclusively at such locations. As of the Closing Date, there is no location at which any Credit Party has any Collateral (except for Collateral in transit, out for repair or, with respect to de minimus amounts of Collateral, otherwise offsite, in each case, in the ordinary course of business) other than those locations identified on Schedule 1.1(a). As of the Closing Date, to the extent any such locations are not owned, Schedule 1.1(a) also sets forth the purpose of such location (e.g., warehouse, processing plant, sales office, etc.), the legal names of the owners and/or operators thereof; and the address and phone numbers of such owners and/or operators. As of the Closing Date, none of the receipts received by any Borrower from any warehouseman or processor states that the goods covered thereby are to be delivered to bearer or to the order of a named person or to a named person and such named person’s assigns.

Appears in 4 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

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Locations of Offices, Records and Inventory. As of the Closing Date, the address of the principal place of business and chief executive office of each Credit Party is set forth on Schedule 1.1(a)SCHEDULE B, PART 6.8. As of the Closing Date, the books and records of each Borrower and each Credit Party, and all of their respective chattel paper and records of Accounts, are maintained exclusively at such locations. As of the Closing Date, there is no location at which any Credit Party has any Collateral (except for Collateral vehicles and Inventory in transit, out for repair or, with respect to de minimus amounts of Collateral, otherwise offsite, in each case, transit in the ordinary course of business) other than those locations identified on Schedule 1.1(a)SCHEDULE B, PART 6.8. As of the Closing Date, to the extent any such locations are not owned, Schedule 1.1(a) SCHEDULE B, PART 6.8 also sets forth the purpose of such location (e.g., warehouse, processing plant, sales office, etc.), the legal names of the owners and/or operators thereof; and the address and phone numbers of such owners and/or operators. As of the Closing Date, none of the receipts received by any Borrower from any warehouseman or processor states that the goods covered thereby are to be delivered to bearer or to the order of a named person or to a named person and such named person’s 's assigns.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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