Common use of Control of Inventory Clause in Contracts

Control of Inventory. In connection with all Inventory financed by Letters of Credit, each Loan Party 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 such Loan Party’s possession, to deliver them, upon request, to the Agent in their original form. Each Loan Party 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 (Manhattan Bagel Co Inc)

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Control of Inventory. In connection with all Inventory financed by Letters of CreditCredit or Acceptances, each the Loan Party Parties 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 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 such any Loan Party’s 's possession, to deliver them, upon request, to the Agent in their original form. Each The Loan Party Parties 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 (Brown Shoe Co Inc)

Control of Inventory. In connection with all Inventory of a Loan Party financed by Letters of Credit, each the Loan Party Parties 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 such any Loan Party’s Parties' possession, to deliver them, upon request, to the Agent in their original form. Each Loan Party Parties 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 (Egl Inc)

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Control of Inventory. In connection with all Inventory financed by Letters of Credit, each the Loan Party Parties 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 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 such any Loan Party’s 's possession, to deliver them, upon request, to the Agent in their original form. Each The Loan Party Parties 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.. (g)

Appears in 1 contract

Samples: Credit Agreement (Brown Shoe Co Inc/)

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