Common use of Safekeeping of Inventory Clause in Contracts

Safekeeping of Inventory. Each Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 hereof, in no event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 2 contracts

Samples: Credit Agreement (Bolle Inc), Credit Agreement (Bec Group Inc)

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Safekeeping of Inventory. Each Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 hereof, and in no event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 1 contract

Samples: Security Agreement (Headway Corporate Resources Inc)

Safekeeping of Inventory. Each Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 14 hereof, in no event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 1 contract

Samples: Security Agreement (River Oaks Furniture Inc)

Safekeeping of Inventory. Each The Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 13 hereof, in no event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 1 contract

Samples: Credit Agreement (Cultural Access Worldwide Inc)

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Safekeeping of Inventory. Each Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 14 hereof, in no event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, lessee, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 1 contract

Samples: Credit Agreement (Unicapital Corp)

Safekeeping of Inventory. Each Grantor shall be responsible for ------------------------ the safekeeping of its Inventory, and, subject to Section 16 13 hereof, in no ---------- event shall the Agent have any responsibility for: (i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) Any diminution in the value of Inventory; or (iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

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