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Common use of Stores Clause in Contracts

Stores. (a) No Loan Party is or may commit to or become legally obligated to open additional Stores where such commitment, obligation, or opening is prohibited by, or would result in a breach of, this Agreement. (b) Except for in-transit Inventory, no tangible personal property of any Loan Party (beyond a de minimis amount of such property) is in the care or custody of any third party or stored or entrusted with a bailee or other third party other than as otherwise consented to in writing by the Administrative Agent.

Appears in 7 contracts

Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

Stores. (a) No Loan Party is or may commit to or become legally obligated to open additional Stores where such commitment, obligation, or opening is prohibited by, or would result in a breach of, this Agreement. (b) Except for in-transit Inventory, no No tangible personal property of any Loan Party (beyond a de minimis DE MINIMIS amount of such property) is in the care or custody of any third party or stored or entrusted with a bailee or other third party other than OTHER THAN as otherwise consented to in writing by the Administrative Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Designs Inc)