Trunk Inventory definition

Trunk Inventory means “trunk stock inventory” that is in the possession of sales personnel of the Loan Parties.
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Trunk Inventory means Inventory in the possession of salesmen of Borrowers for purposes of marketing or supplying products to Borrowers’ customers.
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Examples of Trunk Inventory in a sentence

  • In addition to the foregoing: • In the Ordinary Course of Business, the Loan Party or any of the Loan Parties Subsidiaries’ sales representatives hold Trunk Inventory in their possession for sales calls and procedures, which Trunk Inventory is not held at a specific location or locations.

  • Grantor and each Guarantor’s sales representatives hold Trunk Inventory in their possession for sales calls and procedures, which Trunk Inventory is not held at a specific location or locations.

  • None of the components of the Collateral (other than Inventory in the possession of consignees of such Inventory and Trunk Inventory) shall be maintained at locations other than as provided in the Perfection Certificate or new locations of Borrowers within the United States for which Borrowers have given Bank 30 days’ prior written notice.

  • Grantor and each Inventory N.A. N.A. Guarantor’s sales and/or representatives hold Equipment (no other Trunk Inventory in Collateral is located their possession for at this location) sales calls and procedures, which Trunk Inventory is not held at a specific location or locations.