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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 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 thereof and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will prepare a physical listing of all Inventory and Equipment, wherever located, at least annually.

Appears in 2 contracts

Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Texfi Industries 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 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 thereof and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will prepare conduct a physical listing count of all Inventory and EquipmentInventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetic Industries Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

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 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 such Borrower's cost thereof 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 prepare provide the Agent and each Lender a physical listing of all Inventory and EquipmentInventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (American Aircarriers Support Inc)

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 each 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 such Borrower's cost thereof 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 prepare a physical listing of all Inventory and EquipmentInventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Collins Industries 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 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 thereof therefor and a current price list for such Inventory, ; and (ii) keep complete and accurate records of all other Collateral. (b) The Borrower will prepare a physical listing of all Inventory and EquipmentInventory, wherever located, at least annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Gni Group Inc /De/)