Inventory and Accounts Sample Clauses

Inventory and Accounts. (a) Except as set forth in Section 3.7(a) of the Company Schedule of Exceptions, the inventory of the Company and its Subsidiaries consists of raw materials, goods in process and finished goods, all of which are (i) merchantable and fit for the purpose for which they were procured or manufactured, (ii) legally qualified for export and sale subject to minimum pricing laws (none of which will preclude the fulfillment of any commitments or orders), (iii) not slow-moving, distressed, damaged or defective and (iv) recorded in the Company’s consolidated financial statements included in the Company SEC Reports at the lower of cost or market value in accordance with GAAP. Section 3.7(a) of the Company Schedule of Exceptions sets forth as of June 30, 2004 (i) all tobacco inventories, showing type origin, grade, crop year, quantity and book value, and (ii) all commitments to purchase or deliver tobacco, showing type, origin, grade, crop year, quantity and cost (but not the identity of the customer). The Company and its Subsidiaries have no material commitments to purchase or deliver tobaccos other than as set forth in Section 3.7(a) of the Company Schedule of Exceptions.
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Inventory and Accounts. (a) The Borrowers shall at all times maintain records of Inventory and Accounts reasonably satisfactory to Collateral Agent, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, the cost therefor and daily withdrawals therefrom and additions thereto; (b) the Collateral Agent's officers, employees or agents shall have the right, at any time or times, in the name of the Collateral Agent any designee of the Collateral Agent or any Borrower, to verify the validity, amount or any other matter relating to Accounts or Inventory by mail, telephone, electronic communication, personal inspection or otherwise and to conduct field audits of the financial affairs and Collateral of the Loan Parties, and the Borrowers shall cooperate fully with the Collateral Agent in an effort to facilitate and promptly conclude any such verification process; (c) the Loan Parties shall cooperate fully with the Collateral Agent and its agents with respect to granting access to any premises of such Loan Party where Collateral is located for the purpose of inspecting, removing or otherwise enforcing any rights or remedies pursuant to the Loan Documents and during all Collateral field audits which shall be at the expense of the Borrowers and shall 122 be conducted three times a year and Inventory Appraisals which shall be at the expense of the Borrowers and shall be conducted semi-annually, or, in each case, following the occurrence and during the continuation of an Event of Default, more frequently at Collateral Agent's reasonable request; (d) no Borrower shall sell Inventory to any customer on approval, or any other basis which entitles the customer to return (except for the right of customers for Inventory which is defective or non-conforming) or may obligate any Loan Party to repurchase such Inventory; and (e) each Borrower shall keep the Inventory in good and marketable condition.
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Inventory and Accounts. Except as disclosed in the written information provided to Lender by Borrowers under subsection 6.1(xx) or otherwise disclosed to Agent in writing, with respect to all Inventory and Accounts:
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Inventory and Accounts. (a) Except as specifically disclosed on Schedule 6.24 hereto or as otherwise disclosed to and acknowledged by the Agent in writing, with respect to all Eligible Inventory:
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Inventory and Accounts. Except as disclosed in the written information provided to Administrative Agent and Lenders by Borrowers under subsection 6.11 (which disclosure, in form and with detail satisfactory to Administrative Agent, may be made on the Borrowing Base Certificates delivered pursuant to subsection 6.11) or otherwise disclosed to Administrative Agent in writing, with respect to all Inventory and Accounts:
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Inventory and Accounts. 91 5.18 Orders...............................................................................92
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Inventory and Accounts. If Collateral includes inventory or accounts, Debtor:
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Inventory and Accounts. Borrower shall promptly notify Lender in writing upon any Eligible Account or Eligible Inventory ceasing to be or being determined to have been incorrectly identified as an Eligible Account or Eligible Inventory, as applicable. Borrower shall provide Lender with such reports and records concerning Inventory, Accounts, and accounts payable as Lender may reasonably request. ALLIED HEALTHCARE PRODUCTS, INC. 9
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Inventory and Accounts. 125 SECTION 9.03 Application of Proceeds..........................................................126
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Related to Inventory and Accounts

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Books and Accounts (a) The General Partner shall cause the Partnership to keep and maintain at its principal executive office full and complete books and records which shall include each of the following:

  • Accounts and Inventory Each Account or item of Inventory which Borrower shall, expressly or by implication, request Lender to classify as an Eligible Account or as Eligible Inventory, respectively, shall, as of the time when such request is made, conform in all respects to the requirements of such classification as set forth in the respective definitions of "Eligible Account" and "

  • Inventory and Equipment with Bailees Store the Inventory or Equipment of Parent, Borrowers or their respective Subsidiaries at any time now or hereafter with a bailee, warehouseman, or similar party.

  • Records and Accounts The Trustee shall maintain accurate and detailed records and accounts of all transactions of the Trust, which shall be available at all reasonable times for inspection by any legally entitled person or entity to the extent required by applicable law, or any other person determined by the Committee.

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Notes and Accounts Receivable All notes and accounts receivable of the Company, all of which are reflected properly on the books and records of the Company, are valid receivables subject to no setoffs, defenses or counterclaims, are current and, to the Company's Knowledge, collectible subject in each case only to the reserve for bad debts set forth on the face of the Most Recent Balance Sheet as adjusted for operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

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