Risks of Value of Inventory. The Lender's reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 3 contracts
Samples: Agreement (Crown Books Corp), Loan and Security Agreement (Harvey Electronics Inc), Loan and Security Agreement (Great Train Store Co)
Risks of Value of Inventory. The Lender's reference to a given asset in connection with the making of loans, credits, loans and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 3 contracts
Samples: Loan and Security Agreement (White House Inc/Md), Agreement (Right Start Inc /Ca), Loan and Security Agreement (Iparty Corp)
Risks of Value of Inventory. The Lender's ’s reference to a given asset in connection with the making of loans, credits, loans and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the BorrowerBorrowers. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 2 contracts
Samples: Loan and Security Agreement (Iparty Corp), Loan and Security Agreement (Paper Warehouse Inc)
Risks of Value of Inventory. The Lender's reference to a given asset --------------------------- in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, punctual and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc)
Risks of Value of Inventory. The Lender's reference to a given --------------------------- asset in connection with the making of loans, credits, and advances Advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 1 contract
Samples: Loan and Security Agreement (National Home Centers Inc)
Risks of Value of Inventory. The Lender's reference to a given asset --------------------------- in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Lender relative to the actual value of the asset in question. All risks concerning the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc)