Provisions Concerning Inventory Sample Clauses

Provisions Concerning Inventory. (a) Borrower represents and warrants that each item of Inventory will be valued by Borrower at the lower of cost or market on a FIFO basis. Borrower has informed Bank on Schedule I of all places where Borrower maintains Inventory or has maintained Inventory at any time during the past four months, including, without limitations, facilities leased and operated by Borrower and locations neither owned nor leased by Borrower. Schedule I indicates whether the premises are those of a warehouseman or other party. No Inventory will be removed from the current locations or stored at locations other than the current locations disclosed to Bank on Schedule I, except (i) for the purpose of sale in the ordinary course of Borrower's business or (ii) upon 30 days' written notice to Bank, to such other locations as to which all action required to perfect and protect Bank's lien in such Inventory has been taken. Inventory may be moved from one current location to another.
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Provisions Concerning Inventory. (a) Borrower represents and warrants that each item of Inventory will be valued by Borrower at the lower of cost or market on a FIFO basis. Borrower has informed Bank on Schedule I of all places where Borrower maintains Inventory other than machines on lease, repair parts held by field representatives and demo machines loaned to state lotteries or has maintained Inventory other than machines on lease, repair parts held by field representatives and demo machines loaned to state lotteries at any time during the past four months, including, without limitations, facilities leased and operated by Borrower and locations neither owned nor leased by Borrower. Schedule I indicates whether the premises are those of a warehouseman or other party. No Inventory other than machines on lease, repair parts held by field representatives and demo machines loaned to state lotteries will be removed from the current locations or stored at locations other than the current locations disclosed to Bank on Schedule I, except (i) for the purpose of sale or lease in the ordinary course of Borrower's business or (ii) upon 30 days' written notice to Bank, to such other locations as to which all action required to perfect and protect Bank's lien in such Inventory has been taken. Inventory may be moved from one current location to another.
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Provisions Concerning Inventory. Borrower represents and warrants that each item of Inventory will be valued by Borrower at the lower of cost or market on a FIFO basis for purpose of reporting to the Agent. Borrower has informed Agent on Schedule I of all places where Borrower currently maintains Inventory or has maintained Inventory at any time during the past four months, including, without limitations, facilities leased and operated by Borrower and locations neither owned nor leased by Borrower. Schedule I indicates whether the premises are those of a warehouseman or other party. No Inventory will be removed from the current locations or stored at locations other than the current locations disclosed to Agent on Schedule I, except (i) for the purpose of sale in the ordinary course of Borrower's business or (ii) upon 30 days' written notice to Agent, to such other locations as to which all action required to perfect and protect Agent's lien in such Inventory has been taken. Inventory may be moved from one current location to another.
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Provisions Concerning Inventory. (a) The Specific Representations Schedule is a true and correct list showing all places where the Company maintains Inventory or has maintained Inventory at any time during the past four months, including, without limitation, facilities leased and operated by the Company and locations neither owned nor leased by the Company. No Inventory will be removed from the current locations set forth in such Schedule or stored at locations other than the current locations set forth in such Schedule, except (i) for the purpose of sale in the ordinary course of the Company's business or (ii) upon 30 days' written notice to Citicasters, to such other locations as to which all action required to perfect and protect Citicasters's lien in such Inventory has been taken. Inventory may be moved from one current location set forth in such Schedule to another.
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Provisions Concerning Inventory. (a) Borrower represents and warrants to Bank that each item of Inventory will be valued by Borrower at the lower of cost or market on a LIFO basis. The Specific Representations Schedule is a true and correct list showing all states where Borrower maintains Inventory or has maintained Inventory at any time during the past four months, including, without limitation, facilities leased and operated by Borrower and locations neither owned nor leased by Borrower. No Inventory will be removed from the current locations set forth in such Schedule or stored at locations other than the current locations set forth in such Schedule, except (i) for the purpose of sale in the ordinary course of Borrower's business or (ii) upon 30 days' written notice to Bank, to such other locations as to which all action required to perfect and protect Bank's lien in such Inventory has been taken. Inventory may be moved from one current location set forth in such Schedule to another.
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Provisions Concerning Inventory. (a) Guarantor represents and warrants that Schedule I sets forth all places where Guarantor maintains Inventory or has maintained Inventory at any time during the past twelve months, including, without limitations, facilities leased and operated by Guarantor and locations neither owned nor leased by Guarantor. Schedule I indicates whether the premises are those of a warehouseman or other party. No Inventory will be removed from the current locations or stored at locations other than the current locations disclosed to Secured Party on Schedule I, except (i) for the purpose of sale in the ordinary course of Guarantor’s business or (ii) upon 30 days’ prior written notice to Secured Party, to such other locations as to which all action required to perfect and protect Secured Party’s lien in such Inventory has been taken. Inventory may be moved from one current location to another.
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Provisions Concerning Inventory 
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