Common use of Returned Inventory Clause in Contracts

Returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor shall upon the request of the Agent (i) hold the returned Inventory in trust for the Agent, (ii) segregate all returned Inventory from all of its other property, (iii) dispose of the returned Inventory solely according to the Agent’s written instructions and (iv) not issue any credits or allowances with respect thereto without the Agent’s prior written consent. All returned Inventory shall be subject to the Agent’s Liens thereon.

Returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor shall Grantor, upon the request of the Agent Agent, shall: (i) hold the returned Inventory in trust for the Agent, ; (ii) segregate all returned Inventory from all of its other property, ; (iii) dispose of the returned Inventory solely according to the Agent’s written instructions instructions; and (iv) not issue any credits or allowances with respect thereto without the Agent’s prior written consent. All returned Inventory shall be subject to the Agent’s Liens thereon.

Returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor shall Grantor, upon the request of the Agent Lender, shall: (i) hold the returned Inventory in trust for the Agent, Lender; (ii) segregate all returned Inventory from all of its other property, ; (iii) dispose of the returned Inventory solely according to the AgentLender’s written instructions instructions; and (iv) not issue any credits or allowances with respect thereto without the AgentLender’s prior written consent. All returned Inventory shall be subject to the AgentLender’s Liens thereon.