Common use of Records and Schedules of Equipment Clause in Contracts

Records and Schedules of Equipment. Borrower shall keep records of its and its Subsidiaries’ Equipment which shall be complete and accurate in all material respects itemizing and describing the kind, type, quality, quantity and book value of its and its Subsidiaries’ Equipment and all dispositions made in accordance with subsection 6.4.2 hereof, and Borrower shall, and shall cause each of its Subsidiaries to, furnish Agent with a current schedule containing the foregoing information on at least an annual basis and more often if requested by Agent. Promptly after the request therefor by Agent, Co-Borrowers shall deliver to Agent any and all evidence of ownership, if any, of any of its and its Subsidiaries’ Equipment.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

AutoNDA by SimpleDocs

Records and Schedules of Equipment. Each Borrower shall keep records of its and its Subsidiaries’ Equipment which shall be complete and accurate in all material respects itemizing and describing the kind, type, quality, quantity and book value of its and its Subsidiaries’ Equipment and all dispositions made in accordance with subsection 6.4.2 hereof, and each Borrower shall, and shall cause each of its Restricted Subsidiaries to, furnish Agent with a current schedule containing the foregoing information on at least an annual basis and more often if reasonably requested by Agent. Promptly after the request therefor by Agent, Co-Borrowers each Borrower shall deliver to Agent any and all evidence of ownership, if any, of any of its and its Subsidiaries’ Equipment.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

Records and Schedules of Equipment. Borrower Borrowers shall keep records of its and its Subsidiaries’ their Equipment which shall be complete and accurate in all material respects itemizing and describing the kind, type, quality, quantity and book value of its and its Subsidiaries’ Equipment and all dispositions made in accordance with subsection 6.4.2 6.3.2 hereof, and Borrower Borrowers shall, and shall cause each of its their Subsidiaries to, furnish Agent with a current schedule containing the foregoing information on at least an annual basis and if an Event of Default has occurred and is continuing, more often if requested by Agent. Promptly after the request therefor by Agent, Co-Borrowers Borrower shall deliver to Agent any and all evidence of ownership, if any, of any of its and its Subsidiaries’ Equipmenttheir Equipment for which such evidence has not theretofore been delivered.

Appears in 2 contracts

Samples: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)

AutoNDA by SimpleDocs

Records and Schedules of Equipment. Borrower Borrowers shall keep ---------------------------------- records of its and its Subsidiaries’ their Equipment which shall be complete and accurate in all material respects itemizing and describing the kind, type, quality, quantity and book value of its and its Subsidiaries’ Equipment and all dispositions made in accordance with subsection 6.4.2 6.3.2 hereof, and Borrower Borrowers shall, and shall cause each of its their Subsidiaries to, furnish Agent with a current schedule containing the foregoing information on at least an annual basis and if an Event of Default has occurred and is continuing, more often if requested by Agent. Promptly after the request therefor by Agent, Co-Borrowers Borrower shall deliver to Agent any and all evidence of ownership, if any, of any of its and its Subsidiaries’ Equipmenttheir Equipment for which such evidence has not theretofore been delivered.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!