Inventory and Per Procedure Clause Clause Samples

Inventory and Per Procedure Clause. The Borrower shall have and maintain possession of: (i) warehouse receipts and other written evidence of the return of Equipment to a location under the control of the Borrower; and (ii) the original chattel paper copy of each operating lease covering Eligible Equipment included under the Inventory and Per Procedure Clause, and all executed originals of such operating leases other than the counterparts held by the lessee.