Common use of Records and Reports of Inventory Clause in Contracts

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respects, and shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on each Reporting Date. Each Obligor shall conduct a physical inventory at least once per Fiscal Year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respects, and shall provide to Agent, upon request, a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Guess Inc), Loan, Guaranty and Security Agreement (Guess Inc), Loan, Guaranty and Security Agreement (Guess Inc)

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Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respectsInventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on a monthly basis by the 15th day of each Reporting Datemonth. Each Obligor shall conduct a physical inventory at least once per Fiscal Year calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respectspractices, and shall provide to Agent, upon request, Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Turtle Beach Corp), Loan, Guaranty and Security Agreement (Parametric Sound Corp), Loan, Guaranty and Security Agreement (Parametric Sound Corp)

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respects, and shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on each Reporting Datesuch periodic basis as Agent may reasonably request (but no more than monthly unless an Event of Default exists). Each Obligor shall conduct a physical inventory at least once per Fiscal Year calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respectspractices, and shall provide to Agent, Agent upon request, request a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s requestreasonable prior notice, Agent may participate in and observe each physical count.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Sanmina-Sci Corp), Loan, Guaranty and Security Agreement (Sanmina-Sci Corp)

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respects, including costs and daily withdrawals and additions, and shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on each Reporting Datesuch periodic basis as Agent may reasonably request. Each Obligor shall conduct a physical inventory at least once per Fiscal Year calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respectspractices, and shall provide to Agent, upon request, Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 1 contract

Samples: Loan and Security Agreement (Innerworkings Inc)

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respects, including costs and daily withdrawals and additions, and, without limiting the provisions of Section 8.1 above, shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on each Reporting Datesuch periodic basis as Agent may reasonably request. Each Obligor shall conduct a physical inventory at least once per Fiscal Year calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respectspractices, and shall provide to Agent, upon request, Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 1 contract

Samples: Loan and Security Agreement (Innerworkings Inc)

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Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respects, and shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on each Reporting Date. Each Obligor shall conduct a physical inventory at least once per Fiscal Year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respects, and shall provide to Agent, upon request, a report based on 95 each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Guess Inc)

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory in all material respectsInventory, including costs and daily withdrawals and additions, and Borrower Agent shall submit to Agent inventory subledgers and reconciliation reports in form reasonably satisfactory to Agent, on or before the 20th day of each Reporting Datemonth. Each Obligor Borrower shall conduct a physical inventory at least once per Fiscal Year calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices in all material respectspractices, and Borrower Agent shall provide to Agent, upon request, Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may reasonably request. Upon Agent’s request, Agent may participate in and observe each physical count.

Appears in 1 contract

Samples: Loan and Security Agreement (Imperial Sugar Co /New/)

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