Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 9 contracts

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\), Guaranty and Security Agreement (Riddell Sports Inc), Loan and Security Agreement (United States Leather Inc /Wi/)

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Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Agent's requestrequest during the continuance of an Event of Default, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eddie Bauer Holdings, Inc.), Loan and Security Agreement (Eddie Bauer Holdings, Inc.), Loan and Security Agreement (Eddie Bauer Holdings, Inc.)

Control of Inventory. In connection with all Inventory inventory financed by Letters of Credit, the Borrower Borrowers will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses customs brokers, warehouses, or others receiving or holding cash, checks, Inventoryinventory, documents documents, or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the any Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower Borrowers shall also, at the Agent's written request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 2 contracts

Samples: Credit Agreement (Friedmans Inc), Credit Agreement (Friedmans Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower Borrowers will, at the Agent's request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the any Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower Borrowers shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eftc Corp/), Loan and Security Agreement (Worldtex Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower will, at the Agent's requestrequest during the continuance of an Event of Default, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the such Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Each Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Spiegel Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Agent's ’s request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checkscheques, Inventory, documents or instruments in which the Agent holds a security interest Lien to deliver them to the Agent and/or subject to the Agent's ’s order, and if they shall come into the Borrower's ’s possession, to deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's ’s request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: First Amending Agreement (Ainsworth Lumber Co LTD)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower willshall, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's orderorder and, and if they shall come into the Borrower's possession, to Borrower shall deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Woodworkers Warehouse Inc)

Control of Inventory. In connection with all Inventory financed by Letters of CreditCredit issued for the account of the Borrower, the Borrower will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Control of Inventory. In connection with all -------------------- Inventory financed by Letters of Credit, the Borrower Borrowers will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses customs brokers, warehouses, or others receiving or holding cash, checks, Inventory, documents documents, or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the any Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower Borrowers shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

Control of Inventory. In connection with all Inventory financed by Letters of CreditCredit issued for the account of a Borrower, the such Borrower will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the such Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Such Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower Borrowers will, at the Agent's ’s request, instruct all suppliers, carriers, forwarders, warehouses customs brokers, warehouses, or others receiving or holding cash, checks, Inventory, documents documents, or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's ’s order, and if they shall come into the any Borrower's ’s possession, to deliver them, upon request, to the Agent in their original form. The Borrower Borrowers shall also, at the Agent's ’s request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

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Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower for whose account such Letter of Credit was issued will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the such Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Each such Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Parker Drilling Co /De/)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower will, at the Agent's request’s request during the continuance of an Event of Default, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's ’s order, and if they shall come into the Borrower's such Xxxxxxxx’s possession, to deliver them, upon request, to the Agent in their original form. The Each Borrower shall also, at the Agent's ’s request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement

Control of Inventory. In connection with all Inventory financed by Letters of Credit or a BankBoston Letter of Credit, the each Borrower willshall, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding orholding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's orderorder and, and if they shall come into the a Borrower's possession, to such Borrower shall deliver them, upon request, to the Agent in their original form. The Each Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Agent's request, promptly instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's possession, to deliver them, upon request, promptly to the Agent in their original form. The Borrower shall also, at the Agent's request, promptly designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Weirton Steel Corp)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the Borrower will, at the Agent's request, instruct all suppliers, carriers, forwarders, customs brokers, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Glass Container Corp /New)

Control of Inventory. In connection with all Inventory financed by Letters of Credit, the each Borrower will, at the Agent's request, instruct all suppliers, carriers, forwarders, warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which the Agent holds a security interest to deliver them to the Agent and/or subject to the Agent's order, and if they shall come into the such Borrower's possession, to deliver them, upon request, to the Agent in their original form. The Each Borrower shall also, at the Agent's request, designate the Agent as the consignee on all bills of lading and other negotiable and non-negotiable documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

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