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.
Appears in 5 contracts
Samples: Credit Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Wilsons the Leather Experts Inc)