Common use of Covenants and Agreements Regarding Accounts and Inventory Clause in Contracts

Covenants and Agreements Regarding Accounts and Inventory. (a) Each Company confirms to the Agent and the Lenders that all Taxes and fees relating to such Company’s business, such Company’s sales, and the Accounts or Inventory relating thereto, are such Company’s sole responsibility, and that same will be paid by such Company when due, subject to Section 7.2(d) hereof, and that none of said Taxes or fees represents a lien on or claim against the Accounts, other than a Permitted Tax Lien.

Appears in 3 contracts

Samples: Financing Agreement (G Iii Apparel Group LTD /De/), Financing Agreement (G Iii Apparel Group LTD /De/), Financing Agreement (Under Armour, Inc.)

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Covenants and Agreements Regarding Accounts and Inventory. (a) Each Company confirms represents and warrants to the Agent and the Lenders that all Taxes and fees relating to such Company’s business, such Company’s sales, and the Accounts or Inventory relating thereto, are such Company’s sole responsibility, and that same will be paid by such Company when due, subject to Section 7.2(d) hereof, and that none of said Taxes or fees represents a lien on or claim against the Accounts, other than a Permitted Tax Lien.

Appears in 1 contract

Samples: Financing Agreement (Under Armour, Inc.)

Covenants and Agreements Regarding Accounts and Inventory. (a) Each The Company confirms to the Agent and the Lenders that all Taxes and fees relating to such the Company’s business, such the Company’s sales, and the Trade Accounts Receivable or Inventory (other than Excluded Inventory) relating thereto, are such the Company’s sole responsibility, and that same will be paid by such the Company when due, subject to Section 7.2(d6.2(d) hereof, and that none of said Taxes or fees represents represent a lien on or claim against the AccountsTrade Accounts Receivable, other than a Permitted Tax Lien.

Appears in 1 contract

Samples: Financing Agreement

Covenants and Agreements Regarding Accounts and Inventory. (a) Each Company confirms to the Agent and the Lenders that all Taxes and fees relating to such Company’s 's business, such Company’s 's sales, and the Accounts or Inventory relating thereto, are such Company’s 's sole responsibility, and that same will be paid by such Company when due, subject to Section 7.2(d) hereof, and that none of said Taxes or fees represents represent a lien on or claim against the Accounts, other than a Permitted Tax Lien.

Appears in 1 contract

Samples: Financing Agreement (MTM Technologies, Inc.)

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Covenants and Agreements Regarding Accounts and Inventory. (a) Each Company Borrower confirms to the Agent and the Lenders that all Taxes and fees relating to such Company’s its business, such Company’s sales, and the Accounts or Inventory relating thereto, are such CompanyBorrower’s sole responsibility, and that same will be paid by such Company Borrower when due, subject to Section 7.2(d) hereof, and that none of said Taxes or fees represents a lien on or claim against the Accounts, other than a Permitted Tax Lien.

Appears in 1 contract

Samples: Loan and Security Agreement (Skechers Usa Inc)

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