Common use of Special Covenants With Respect to Equipment and Inventory Clause in Contracts

Special Covenants With Respect to Equipment and Inventory. Each Grantor shall: (a) if any Inventory is in possession or control of any of such Grantor’s agents or processors, if the aggregate book value of all such Inventory exceeds $250,000, and in any event upon the occurrence of an Event of Default and at the written request of Secured Party, instruct such agent or processor to hold all such Inventory for the account of Secured Party and subject to the instructions of Secured Party; (b) if any Inventory is located on premises leased by such Grantor, at the written request of Secured Party, use commercially reasonable efforts to deliver to Secured Party a fully executed Collateral Access Agreement; and (c) promptly upon the issuance and delivery to such Grantor of any negotiable Document with a value in excess of $100,000, deliver such Document to Secured Party.

Special Covenants With Respect to Equipment and Inventory. Each Grantor shall: (a) if any Inventory is in possession or control of any of such Grantor’s agents or processors, if the aggregate book value of all such Inventory exceeds $250,000100,000, and in any event upon the occurrence of an Event of Default and at the written request of Secured PartyDefault, instruct such agent or processor to hold all such Inventory for the account of Secured Party and subject to the instructions of Secured Party; (b) subject to Section 6.12(c) of the Credit Agreement, if any Inventory is located on premises leased by such Grantorany Material Leased Real Property, at upon the written request of Secured Party, use commercially reasonable efforts to deliver to Secured Party a fully executed Collateral Access AgreementLandlord Waiver for such location; and (c) promptly upon the issuance and delivery to such Grantor of any negotiable Document with having a value or face amount in excess of $100,00025,000, deliver such Document to Secured Party.

Special Covenants With Respect to Equipment and Inventory. Each Grantor shall: (a) if any Inventory is in possession or control of any of such Grantor’s agents or processors, if the aggregate book value of all such Inventory exceeds $250,0001,000,000, and in any event upon the occurrence of an Event of Default and at the written request of Secured PartyDefault, instruct such agent or processor to hold all such Inventory for the account of Secured Party and subject to the instructions of Secured Party; (b) if any Inventory is located on premises leased by such Grantor, at the written request of Secured Party, use its commercially reasonable efforts to deliver to Secured Party a fully executed Collateral Access AgreementLandlord Consent and Estoppel; and (c) promptly upon the issuance and delivery to such Grantor of any negotiable Document with a value in excess of $100,000Document, deliver such Document to Secured Party.

Special Covenants With Respect to Equipment and Inventory. Each Grantor shall: (a) if any Inventory is in possession or control of any of such Grantor’s agents or processors, if the aggregate book value of all such Inventory exceeds $250,000, and in any event upon the occurrence of an Event of Default and at the written request of Secured Party, instruct such agent or processor to hold all such Inventory for the account of Secured Party and subject to the instructions of Secured Party; (b) if any Inventory is located on premises leased by such Grantor, at the written request of Secured Party, use commercially reasonable efforts to deliver to Secured Party a fully executed Collateral Access Agreement; and (c) promptly upon the issuance and delivery to such Grantor of any negotiable Document with a value in excess of $100,000Document, deliver such Document to Secured Party.

Special Covenants With Respect to Equipment and Inventory. Each Grantor shall: (a) if any of Grantor’s Inventory is in possession or control of any of such Grantor’s agents or processors, if the aggregate book value of all such Inventory exceeds $250,000100,000, and in any event upon the occurrence of an Event of Default and at the written request of Secured PartyDefault, instruct such agent or processor to hold all such Inventory for the account of Secured Party and subject to the instructions of Secured Party; (b) if any of Grantor’s Inventory is located on premises leased by such Grantor, at the written request of Secured Party, use commercially reasonable efforts to deliver to Secured Party a fully executed Collateral Access Agreementcollateral access and acknowledgement agreement executed by the applicable bailee or lessee in form and substance satisfactory to Agent; and (c) promptly upon the issuance and delivery to such Grantor of any negotiable Document with a value in excess of $100,000Document, deliver such Document to Secured Party.