Common use of Notices Concerning Inventory Collateral Clause in Contracts

Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent prompt notice of (a) any physical count of the inventory of any Borrower or any Subsidiary of a Borrower, together with a copy of the results thereof certified by such Borrower or such Subsidiary, (b) any determination by a Borrower or any Subsidiary of a Borrower that the inventory levels of such Borrower or such Subsidiary are not adequate to meet the projections in respect of pre-tax income of such Borrower or such Subsidiary, (c) details of all credit card arrangements to which any Borrower or any Subsidiary of a Borrower is from time to time a party, including details relating to such Borrower’s or such Subsidiary’s compliance with the terms of payment to the Bank of America Concentration Account of the proceeds of all credit card charges for sales by such Borrower or such Subsidiary, and (d) any failure of a Borrower or any Subsidiary of a Borrower to pay rent at any location, which failure continues for more than fifteen days following the day on which such rent is due and payable by such Borrower or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrowers shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrowers or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.

Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent and the Tranche B Lender prompt notice of (a) any physical count of the inventory of any Borrower Borrowers' or any Subsidiary of a Borrowertheir Subsidiaries' inventory, together with a copy of the results thereof certified by such Borrower the Borrowers or such Subsidiary, (b) any determination by a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries that the inventory levels of such Borrower the Borrowers or such Subsidiary are not adequate to meet the sales projections in respect of pre-tax income of such Borrower the Borrowers or such Subsidiary, (c) details of all credit card arrangements to which any Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries is from time to time a party, including details relating to such Borrower’s the Borrowers' or such Subsidiary’s 's compliance with the terms of payment to the Bank of America Fleet Concentration Account of the proceeds of all credit card charges for sales by such Borrower the Borrowers or such Subsidiary, and (d) any failure of a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries to pay rent at any location, which failure continues for more than fifteen three days following the day on which such rent is due and payable by such Borrower the Borrowers or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrowers shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrowers or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.

Notices Concerning Inventory Collateral. The Borrowers Borrower shall provide to the Administrative Agent prompt notice of (ai) any physical count of the inventory of any Borrower Borrower's or any Subsidiary of a Borrowerits Subsidiaries' inventory, together with a copy of the results thereof certified by such the Borrower or such Subsidiary, (bii) any determination by a the Borrower or any Subsidiary of a Borrower its Subsidiaries that the inventory levels of such the Borrower or such Subsidiary are not adequate to meet the sales projections in respect of pre-tax income of such the Borrower or such Subsidiary, (c) iii), details of all credit card arrangements to which any the Borrower or any Subsidiary of a Borrower it Subsidiaries is from time to time a party, including details relating to such the Borrower’s 's or such Subsidiary’s 's compliance with the terms of payment to the Bank of America Local Account or the Fleet Concentration Account of the proceeds of all credit card charges for sales by such the Borrower or such Subsidiary, and (div) any failure of a the Parent, the Borrower or any Subsidiary of a Borrower their Subsidiaries to pay rent at any location, which failure continues for more than fifteen days five (5) Business Days following the day on which such rent is due and payable by such the Parent, the Borrower or such Subsidiary. If so requested by the Administrative Agent or any LenderBank, the Borrowers Borrower shall provide to the Administrative Agent or such Lender Bank copies of all advertising by the Borrowers Parent, the Borrower or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.

Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent Agents and the Tranche B Lender prompt notice of (a) any physical count of the inventory of any Borrower Borrowers' or any Subsidiary of a Borrowertheir Subsidiaries' inventory, together with a copy of the results thereof certified by such Borrower the Borrowers or such Subsidiary, (b) any determination by a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries that the inventory levels of such Borrower the Borrowers or such Subsidiary are not adequate to meet the sales projections in respect of pre-tax income of such Borrower the Borrowers or such Subsidiary, (c) details of all credit card arrangements to which any Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries is from time to time a party, including details relating to such Borrower’s the Borrowers' or such Subsidiary’s 's compliance with the terms of payment to the Bank of America Fleet Concentration Account of the proceeds of all credit card charges for sales by such Borrower the Borrowers or such Subsidiary, and (d) any failure of a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries to pay rent at any location, which failure continues for more than fifteen three days following the day on which such rent is due and payable by such Borrower the Borrowers or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrowers shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrowers or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.

Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent and the Tranche B Lender prompt notice of (a) any physical count of the inventory of any Borrower Borrowers’ or any Subsidiary of a Borrowertheir Subsidiaries’ inventory, together with a copy of the results thereof certified by such Borrower the Borrowers or such Subsidiary, (b) any determination by a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries that the inventory levels of such Borrower the Borrowers or such Subsidiary are not adequate to meet the sales projections in respect of pre-tax income of such Borrower the Borrowers or such Subsidiary, (c) initial details of and changes to all credit card arrangements processor agreements to which any Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries is from time to time a party, including details from time to time relating to such Borrower’s the Borrowers’ or such Subsidiary’s compliance with the terms of payment to the Bank of America Fleet Concentration Account of the proceeds of all credit card charges for sales by such Borrower the Borrowers or such Subsidiary, and (d) any failure of a Borrower the Borrowers or any Subsidiary of a Borrower their Subsidiaries to pay rent at any location, which failure continues for more than fifteen three (3) days following the day on which such rent is due and payable by such Borrower the Borrowers or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrowers shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrowers or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.