Inventory Collateral Sample Clauses

Inventory Collateral. 1. Total Raw Material Inventory of Borrower and Subsidiary Guarantors (B1) 2. Less: Ineligible Raw Material Inventory (pursuant to definition of “Eligible Inventory” in Credit Agreement) a. Does not or has ceased to create a valid and perfected first priority security interest and lien in favor of Administrative Agent b. Located at a location other than locations specified on Annex B to the Security Agreement c. Not in good saleable or usable condition in the normal course of business d. On consignment from or subject to any repurchase agreement from any supplier e. Repossessed or slow-moving goods f. Subject to a negotiable document of title g. Subject to any license or other agreement that limits or restricts the right to sell or dispose of such Inventory h. Constitutes packaging materials, supplies or promotional materials i. Not located within the U.S. j. Other ineligible Inventory as determined by the Administrative Agent Less: Ineligible Raw Material Inventory (pursuant to definition of “Eligible Inventory” in Credit Agreement) — (B2) 3. Eligible Raw Material Inventory (B1 - B2) $ — (B3) 5. Available Raw Material Inventory (B3 * B4) $ — (B5)

Inventory Collateral. 1. Total Raw Material Inventory of Borrower and Subsidiary Guarantors (B1) 2. Less: Ineligible Raw Material Inventory (pursuant to definition of “Eligible Inventory” in Credit Agreement) a. Does not or has ceased to create a valid and perfected first priority security interest and lien in favor of Administrative Agent b. Located at a location other than locations specified on Annex B to the Secuirty Agreement c. Not in good saleable or usable condition in the normal course of business d. On consignment from or subject to any repurchase agreement from any supplier e. Repossessed or slow-moving goods f. Subject to a negotiable document of title g. Subject to any license or other agreement that limits or restricts the right to sell or dispose of such Inventory h. Constitutes packaging materials, supplies or promotional materials i. Not located within the U.S. j. Located in a public warehouse or in possession of a bailee and no warehouse or bailee agreement has been entered into k. Located at a leased location and no landlord agreement has been entered into l. Other ineligible Inventory as determined by the Administrative Agent Less: Ineligible Raw Material Inventory (pursuant to definition of “Eligible Inventory” in Credit Agreement) — (B2) 3. Eligible Raw Material Inventory (B1 - B2) $ — (B3) 4. Raw Material Inventory Advance Rate 30.0 %(B4) 5. Available Raw Material Inventory (B3 * B4) $ — (B5) 6. Total Finished Goods Inventory of Borrower and Subisidiary Guarantors (B6) 7. Less: Ineligible Finished Goods Inventory (pursuant to definition of “Eligible Inventory” in Credit Agreement) a. Does not or has ceased to create a valid and perfected first priority security interest and lien in favor of Administrative Agent b. Located at a location other than locations specified on Annex B to the Secuirty Agreement c. Not in good saleable or usable condition in the normal course of business d. On consignment from or subject to any repurchase agreement from any supplier e. Repossessed or slow-moving goods f. Subject to a negotiabele document of title g. Subject to any license or other agreement that limits or restricts the right to sell or dispose of such Inventory h. Constitutes packaging materials, supplies or promotional materials i. Not located within the U.S. j. Located in a public warehouse or in possession of a bailee and no warehouse or bailee agreement has been entered into k. Located at a leased location and no landlord agreement has been entered into l. Othe...

Inventory Collateral. Raw Materials Work-in-Process US Finished Goods ▇▇▇▇▇ Stores* Total Inventory

Inventory Collateral. Receivable Lender's liens and security interests in the Inventory Collateral, whether now existing or hereafter arising pursuant to operation of law or otherwise, shall be subordinated to Inventory Lender's liens and security interests in the Inventory Collateral, and each holder of the Receivables Obligations, by acceptance of all or any portion of the Receivables Obligations, whether upon original issuance, transfer, assignment or exchange, agrees to be bound by the provisions of this Agreement.

Inventory Collateral. (a) Borrower has good and marketable title to all of the Inventory Collateral subject only to Permitted Exceptions described on Schedule 12.7. (b) Borrower shall maintain good and marketable title to the Inventory Collateral subject to Permitted Exceptions and shall defend such title against all claims of other Persons except Lender. (c) Borrower shall not transfer, sell, assign, or enter into any options to purchase, installment sales contracts or contracts for deed with respect to all or any portion of the Inventory Collateral except to DRC or a DRC Affiliate, subject to Lender’s Mortgage and Liens. Borrower shall not take any action (or permit or consent to the taking of any action) which might impair the value of the Inventory Collateral or any of the rights of Lender in the Inventory Collateral.

Inventory Collateral. Sale and Leaseback. Enter into any arrangement with any Person or Persons, whereby in contemporaneous transactions Borrower sells essentially all of its right, title and interest in an asset and, in connection therewith, acquires, leases or licenses back the right to use such asset, except to the extent the asset subject to such sale and leaseback arrangement was sold by Borrower in a transaction permitted by Section 5.3 hereof.

Inventory Collateral. If any Proceeds or payment in respect of the Inventory Collateral is received by Inventory Lender after the Inventory Lender Payoff, Inventory Lender shall receive and hold the same for the benefit of Receivable Lender and shall forthwith deliver the same to Receivable Lender in precisely the form received (except for the endorsement or assignment of Inventory Lender, without recourse, where necessary), for application on the Receivable Obligations, due or not due, and, until so delivered, the same shall be held by Inventory Lender as the property of Receivable Lender. In event of the failure of Inventory Lender to make any such endorsement or assignment to Receivable Lender, Receivable Lender, or any of its officers or employees, is hereby irrevocably authorized to make the same.

Inventory Collateral. Collectively, all now owned or hereafter existing or acquired right, title and interest of Borrower in and to all of the following:

Inventory Collateral. (a) At the time the related Advance is deemed made, Borrower will, to its knowledge, have good and marketable title to all of the Inventory Collateral subject only to Permitted Exceptions described on Schedule 6.5. (b) Borrower shall maintain good and marketable title to the Inventory Collateral subject to Permitted Exceptions and shall defend such title against all claims of other Persons except Lender. (c) Borrower shall not transfer, sell, assign, or enter into any options to purchase, installment sales contracts or contracts for deed with respect to all or any portion of the Inventory Collateral. Borrower shall not take any action (or permit or consent to the taking of any action) which might impair the value of the Inventory Collateral or any of the rights of Lender in the Inventory Collateral.