Common use of Records and Schedules of Inventory Clause in Contracts

Records and Schedules of Inventory. Pledgor shall keep correct and accurate records on a perpetual basis, itemizing and describing the kind, type, location, quality and quantity of Inventory owned by it, if any, from time to time, and such Pledgor's cost therefor and selling price thereof, and at the reasonable request of the Secured Party shall furnish to the Secured Party, a current Schedule of Inventory ("Schedule of Inventory"). Pledgor shall conduct a physical inventory, of which Secured Party shall be given prior written notice and shall have the right to be present, no less than annually, and shall furnish to Secured Party such other documents and reports as Secured Party shall reasonably request with respect to the Inventory, including, without limitation, invoices relating to Pledgor's purchase of Inventory.

Records and Schedules of Inventory. Pledgor shall keep correct and accurate records on a perpetual basis, itemizing and describing the kind, type, location, quality and quantity of Inventory owned by it, if any, from time to time, and such Pledgor's cost therefor and selling price thereof, and at the reasonable request of the Secured Party shall furnish to the Secured Party, a current Schedule of Inventory ("Schedule of Inventory"). Pledgor shall conduct a physical inventory, of which Secured Party shall be given prior written notice and shall have the right to be present, present no less than annually, and shall furnish to Secured Party such other documents and reports as Secured Party shall reasonably request with respect to the Inventory, including, without limitation, invoices relating to Pledgor's purchase of Inventory.