Inventory Locations definition
Examples of Inventory Locations in a sentence
To the extent required by the Administrative Agent in its sole discretion upon written notice to the Borrower, the Borrower shall exercise commercially reasonable best efforts to obtain Landlord Waivers with respect to all Permitted Inventory Locations that are subject to Specified Leases, including, without limitation, Landlord Waivers in connection with leases extended, renegotiated or entered into after the Closing Date.
Precious Metal (a) located at Borrower Permitted Inventory Locations or at Specified Refiners, (b) Delivered to the Borrower or subject to a Purchase and Consignment and, in each case, consigned by the Gold Agent (on behalf of the Gold Banks) to the Borrower pursuant to the terms of this Credit Agreement and (c) for which the Gold Banks have not received payment or which has not been Redelivered to the Gold Agent.
The Consignee and Scotiabank agree that the Consignee shall be permitted, in the ordinary course of its business as being conducted on the date of this Agreement, to commingle the Gold held on consignment for Scotiabank with any other Gold or Gold (in each case located at the Plants or Approved Inventory Locations) containing alloys being held by the Consignee on consignment, safekeeping, or trust, or with Gold or Gold containing alloys owned by the Consignee.
The Debtor will not move its chief executive office, the location of the Collateral or any Records Office (as defined below) except to such new location as the Debtor may establish in accordance with the last sentence of this Section 8(a) and with respect to Inventory, to Permitted Inventory Locations.
Within thirty (30) days following the Closing, Buyer shall, at Buyer cost, remove the Inventory listed on Schedule 1(a) and the Inventory listed on Schedule 1.1(b) that is located at Union Storage (all such Inventory, the “Removal Inventory”) from the Inventory Locations for such Removal Inventory.
Alumina owned by any Borrower, which otherwise qualifies as Eligible Inventory, and which is being transported within the United States by an Approved Shipper to one or more Permitted Inventory Locations owned or leased by such Borrower and such alumina is insured in a manner reasonably acceptable to the Agent.
The Borrower shall cause, and shall cause each of its Subsidiaries to cause, Consigned Precious Metal and all Eligible Inventory to be located at all times solely at Permitted Inventory Locations, and to be sold or otherwise disposed of in the ordinary course of the Borrower's or such Subsidiary's business, consistent with past practices or as required pursuant to the terms of this Credit Agreement.
Revolving Loan Borrowers shall cause all bills of lading and other documents of title relating to goods being purchased by Revolving Loan Borrowers which are outside the United States and in transit to the Eligible Inventory Locations in the United States to name such Revolving Loan Borrower as consignee, unless and until Lender may direct otherwise.
Purchaser and its Affiliates and their respective Representatives shall have the right to monitor the Physical Count as well to have access at such reasonable times and to all such Confirmed Inventory Locations as Purchaser may reasonably request to conduct an inspection of all Inventory and Excluded Inventory located at such Confirmed Inventory Locations.
Following the Closing, Seller shall have no obligations with respect to the Inventory other than to not disturb the Removal Inventory and to not remove the Removal Inventory from the applicable Inventory Locations during the thirty (30) day period following the Closing.