Perpetual Inventory System. The Grantor will maintain a perpetual inventory reporting system at all times.
Perpetual Inventory System. By September, 30, 2005, establish and implement a perpetual inventory system acceptable to the Agents.
Perpetual Inventory System. USA must have a tested Perpetual Inventory System in place covering all of their inventory on or before June 30, 1999."
Perpetual Inventory System. Within 90 days after the closing date, Borrower will update and reorganize its perpetual Inventory reporting system in a manner acceptable to Lender, which shall be verified by an acceptable Inventory test count conducted by Lender.
Perpetual Inventory System. Implement, by no later than November 30, 1998, a fully functional perpetual inventory system satisfactory to Lender."
4. Borrower shall pay to Lender an amendment fee in the amount of $2,400.00, which shall be fully earned as of and payable on the date of this Amendment.
5. The Line of Credit Note is replaced and superseded by the Line of Credit Note in the form attached hereto as Exhibit A.
6. Except as specifically provided herein, all terms and conditions of the Loan Agreement remain in full force and effect, without waiver or modification. All terms defined in the Loan Agreement shall have the same meaning when used in this Amendment. This Amendment and the Loan Agreement shall be read together, as one document.
7. Borrower hereby remakes all representations and warranties contained in the Loan Agreement and reaffirms all covenants set forth therein. Borrower further certifies that as of the date of this Amendment and except as set forth in this Amendment, there exists no Event of Default as defined in the Loan Agreement, nor any condition, act or event which with the giving of notice or the passage of time or both would constitute any such Event of Default.
Perpetual Inventory System. The Borrowers agree to install a -------------------------- perpetual inventory system at BPI as soon as possible after the Closing Date and in any event on or before December 31, 1999.
Perpetual Inventory System. The Borrowers will perform monthly physical inventory counts and audits at Outlook Packaging, Outlook Foods and Barrier and deliver the results thereof to the Lender within fifteen (15) days after the last day of each calendar month until the Borrowers have implemented perpetual inventory systems for those Borrowers and the Lender is satisfied with the test count results as a verification of the accuracy of those perpetual inventory systems.
Perpetual Inventory System. By no later than June 30, 2004, Borrower shall implement a perpetual inventory system by SKU# satisfactory to Bank.
Perpetual Inventory System. Implement, by no later than July 1, 1998, a fully functional perpetual inventory system satisfactory to Lender.
Perpetual Inventory System. The Grantor will maintain a perpetual inventory reporting system at all times. 4.4 Delivery of Instruments, Securities, Chattel Paper and Documents. As to all Chattel Paper and Instruments constituting part of the Collateral, the Grantor will (a) deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities (other than the Fingerhut SPV Stock, while the Intercreditor Agreement and the SPV Credit Documents are in effect) and Instruments constituting Collateral (if any then exist), (b) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any Chattel Paper, Securities (other than the Fingerhut SPV Stock, while the Intercreditor Agreement and the SPV Credit Documents are in effect) and Instruments constituting Collateral, and (c) upon the Administrative Agent’s request, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral. The Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral set forth in such Amendments shall be considered to be part of the Collateral.
