Common use of Records Relating to Collateral Clause in Contracts

Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 4 contracts

Samples: Loan and Security Agreement (Dataflex Corp), Loan and Security Agreement (Airport Systems International Inc), Loan and Security Agreement (International Comfort Products Corp)

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Records Relating to Collateral. (a) The Each Borrower will at all times times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the Borrowersuch Borrower so as to permit comparison of Inventory records relating to different time periods, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor thereof and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Each Borrower will take prepare a physical listing of all Inventory, wherever located, at least annually.

Appears in 3 contracts

Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Russell Corp), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)

Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventorytherefor, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Centennial Specialty Foods Corp)

Records Relating to Collateral. (a) The Each Borrower will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the such Borrower, itemizing and describing the kind, type and quantity of Inventory and the such Borrower's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Each Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Records Relating to Collateral. (a) The Borrower will at all times times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the BorrowerFIFO basis, itemizing and describing the kind, type and quantity of Inventory and the Borrower's cost therefor and a current price list for such Inventory, and and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take take, or cause to be taken, a complete physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Synthetic Industries Inc)

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Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's ’s cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Records Relating to Collateral. (a) The Each Borrower will at all times (i) keep complete and accurate records of (i) Inventory on a basis consistent with past practices of the such Borrower, itemizing and describing the kind, type and quantity of Inventory and the such Borrower's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Each Borrower will take a physical listing of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Records Relating to Collateral. (a) The Borrower will at all times (i) keep complete and accurate records of Borrower's Inventory on a basis consistent with past practices of the Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's actual cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will take a physical listing audit of all Inventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

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