Common use of Inventory Covenants Clause in Contracts

Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supply

Appears in 2 contracts

Samples: Loan and Security Agreement (Congoleum Corp), Loan and Security Agreement (American Biltrite Inc)

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Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each yearquarter, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplyinventory shall

Appears in 1 contract

Samples: Loan and Security Agreement (Ashford Com Inc)

Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's ’s cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after the occurrence of and during the continuance of an Event of Default, and promptly following such physical count shall supplyphysical

Appears in 1 contract

Samples: Term Loan and Security Agreement (Irvine Sensors Corp/De/)

Inventory Covenants. With respect to the Inventory: (a) Borrower Borrowers shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's Borrowers' cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower Borrowers shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplyinventory shall

Appears in 1 contract

Samples: Loan and Security Agreement (Transpro Inc)

Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplyinventory

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Inc)

Inventory Covenants. With respect to the Inventory: (a) Borrower Borrowers shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost Borrowers' Cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower Borrowers shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplymay

Appears in 1 contract

Samples: Loan and Security Agreement (G & G Retail Inc)

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Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each yearyear consistent with the past practice of Borrower, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplyand

Appears in 1 contract

Samples: Loan and Security Agreement (Geneva Steel Co)

Inventory Covenants. With respect to the Inventory: (a) Borrower Borrowers shall at all times maintain inventory records reasonably satisfactory to Lender (it being understood that the form and scope of inventory records maintained by Borrowers on the Closing Date is satisfactory to Lender), keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's cost Borrowers' Cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower Borrowers shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after an Event of Default, and promptly following such physical count shall supplyonce

Appears in 1 contract

Samples: Loan and Security Agreement (G&g Retail Inc)

Inventory Covenants. With respect to the Inventory: (a) Borrower shall at all times maintain inventory records reasonably satisfactory to Lender, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, Borrower's ’s cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrower shall conduct a physical count of the Inventory at least once each year, but at any time or times as Lender may request on or after while an Event of DefaultDefault exists, and promptly following such physical count inventory shall supplysupply Lender with a report in the

Appears in 1 contract

Samples: Loan Agreement (Mad Catz Interactive Inc)

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