Ownership of Inventory. On the Closing Date, the Loan Parties will have good title, free of all Liens other than Permitted Liens, to all of its Inventory, except for Inventory which is no longer used or useful in the conduct of its business and Inventory the absence of which would not reasonably be expected to have a Material Adverse Effect.
Ownership of Inventory. Borrower shall purchase directly from suppliers and pay for all Inventory from time to time held for sale by all Store Guarantors. Borrower shall own all Inventory held for sale by each Store Guarantor. The Loan Parties shall not and shall not cause or permit any Store Guarantor to execute any agreement or take any action inconsistent with the foregoing.
Ownership of Inventory. Any product received by BUYER pursuant to this Agreement shall remain the property of SELLER until drawn upon by BUYER or until it has remained on BUYER'S premises in excess of _______ (__) days, whereupon it shall become the property of BUYER.
Ownership of Inventory. 33 5.10 Additional Pledges..................................................33 5.11
Ownership of Inventory. NexDay shall retain ownership and full risk of loss over all of the goods purchased at the request of Manufacturer. In the event of termination of this agreement by either party, Manufacturer agrees to repurchase, within 90 days of written notification by NexDay, all inventories purchased at their request for the purposes outlined in this agreement. The repurchase price will be the current purchase price of the goods from the Manufacturer.
Ownership of Inventory. Buyer shall be deemed at all times to own and have title to all Inventory stored, handled or processed by Seller.
Ownership of Inventory. Xxxxxxx shall maintain title to all inventories purchased by Host.
Ownership of Inventory. Seller represents and warrants that, as of the date hereof, Seller owns all the Products in the Inventory free and clear of any liens and encumbrances, including all the Products consigned to clients, customers or sub-distributors of Seller (each, a “Consignee” and collectively, the “Consignees”) under respective consignment agreements (the “Consignment Agreements”) set forth in the list attached hereto as Annex II (the “Consignment Inventories”). Seller agrees to provide notification to the Consignees of the change in ownership of the Consignment Inventories. Seller agrees to instruct Consignees that, with effect from the date hereof, the Consignees shall hold the Consignment Inventories for the benefit of the Purchaser.
Ownership of Inventory. PBS acknowledges and agrees that Xxxxxxx, Xxxxx ---------------------- shall, at all times, remain the sole owner of all raw materials, work-in-process and finished goods inventory and that none of PBS, Xxxxxx or Davedan shall have any rights or interests therein of any kind or nature whatsoever, except for mechanic's, materialmen's or other, similar liens which arise by operation of law. PBS shall, and shall cause Xxxxxx and Davedan to, execute and deliver all additional documents and do any other acts or things that may reasonably be requested by Xxxxxxx, Xxxxx in order to reflect and confirm Xxxxxxx, Adler's continuing ownership of the raw materials, work-in-process and finished goods.
Ownership of Inventory. Host shall maintain title to all inventories purchased by Host.
