Common use of Equipment and Inventory Clause in Contracts

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 14 contracts

Samples: Pledge and Security Agreement (Computer Programs & Systems Inc), Pledge and Security Agreement (Computer Programs & Systems Inc), Security and Pledge Agreement (Duluth Holdings Inc.)

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Equipment and Inventory. With respect to any material Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common or other carriers. No material Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 4 contracts

Samples: Revolving Credit Agreement (IASIS Healthcare LLC), Credit Agreement (IASIS Healthcare LLC), Security and Pledge Agreement (Inamed Corp)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory in excess of $1,000,000 of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 3 contracts

Samples: Security and Pledge Agreement (Balchem Corp), Security and Pledge Agreement (Balchem Corp), Security and Pledge Agreement (Balchem Corp)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or lessee, (ii) Equipment or Inventory in transit with common carriers, or (iii) Equipment absent for repair or refurbishment or absent for other bona fide business purposes. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 3 contracts

Samples: Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an such Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an such Obligor is held by a Person other than an such Obligor pursuant to consignment, sale or return, sale on approval or similar arrangementagreement.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Health Insurance Innovations, Inc.), Security and Pledge Agreement (HCI Group, Inc.)

Equipment and Inventory. With respect to any material Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or lessee, (ii) Equipment or Inventory in transit with common or other carriers, or (iii) Equipment or Inventory that is out for repair. No material Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (Team Health Inc)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control Control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security Agreement (Brookdale Senior Living Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or and (ii) Equipment or Inventory in transit with common carrierscarriers or in the possession or control of a warehouseman, bailee or any agent or processor of any Credit Party. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (InfrastruX Group, Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an such Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an such Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.0000-0000-0000.4

Appears in 1 contract

Samples: Amended and Restated Security and Pledge Agreement (HCI Group, Inc.)

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Equipment and Inventory. With respect to any Equipment and/or Inventory of an the Obligor, each such the Obligor has exclusive possession and control of such Equipment and Inventory of such the Obligor except for (i) Equipment leased by such the Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an the Obligor is held by a Person other than an the Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (5.11 Abr Corp.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or lessee, (ii) certain Inventory held in warehouses of third parties and (iii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (Natural Grocers by Vitamin Cottage, Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Except as set forth on Schedule 3(d) hereto, no Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (STR Holdings, Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or lessee, (ii) Equipment or Inventory in transit with common carriers. No carriers or (iii) Equipment or Inventory in the possession of an Obligor is a bailee, warehouseman, agent or processor, or held by a Person other than an Obligor pursuant to on consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Loan, Security and Pledge Agreement (Greenlane Holdings, Inc.)

Equipment and Inventory. With respect to any Equipment and/or Inventory of an ObligorObligor included as Collateral, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

Appears in 1 contract

Samples: Security and Pledge Agreement (PRGX Global, Inc.)

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