Examples of Permitted 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.
The Servicer shall not permit funds other than (i) Collections on Pool Receivables and other Collateral and (ii) collections on Excluded Receivables, to be deposited into any Lock-Box Account.
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.
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.
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.