INVENTORY NOTE Sample Clauses

INVENTORY NOTE. The Debtor shall authorize, issue and deliver to the Lender a promissory note (as amended from time to time, the "Inventory Note") substantially in the form attached to this Agreement as Exhibit B.
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INVENTORY NOTE. The introduction of the government’s Tenancy Deposit Scheme legislation results in the guidelines for the new legislation indicating that the arbitration panel for disputes over damages and wear and tear are not expected to find in favour of the Landlord unless a formal inventory and check-in/out was completed for the tenancy on both the move in and move out. Cleaning costs The Landlord shall pay for the cost of or arrange for professional cleaning of the property between Tenancies where deemed necessary. Seven Keys will seek an indemnity from the Tenant insofar as it is able to do so under the terms of the tenancy agreement and secured deposit for additional works above what is deemed normal wear and tear. If the Landlord grants a tenancy agreement to a Tenant introduced by Seven Keys, the Landlord will be deemed to have accepted these Terms and Conditions, regardless of whether the Landlord has confirmed such acceptance in writing. FULLY MANAGED SERVICES Where the Landlord has engaged Seven Keys to provide the ‘Fully Managed’ Service (the acceptance of Terms and Conditions) and the tenancy agreement is entered with a Tenant at the property, the Landlord will pay the management fee (inclusive of VAT) of the total gross rent across the respective property/portfolio during all occupied periods, payable through deduction from rent received in the month received. For the avoidance of doubt, property management fees will not be charged if a property is vacant, however, services as below will continue to be provided during unoccupied periods (where applicable). The services included within the ‘Fully Managed’ service include: • Conduct full check in procedure to record meter readings and issue to all respective providers, providing your details and address as C/O Seven Keys. • Seven Keys will collect the first month’s rent and the initial deposit and will notify the landlord(s) once cleared funds have been received. • Rent collection and distribution to your stated bank account. Rental distribution will be net of all in month expenses unless agreed in writing. • Rent collection from tenant, local authority or charity (dependant on tenancy agreement). • Check the security of house inclusive of all external doors and windows. • Ensure compliance of property subject to all local authority requirements and national legislation. • Arrange and co-ordinate between tenants and suppliers for all regular/annual requirements for the Gas Safety Certificates and Electrical ...
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INVENTORY NOTE. Borrower shall pay Lender a monthly administration fee in an amount equal to one and one-tenths percent (1.1%) of the average outstanding daily principal balance on the Inventory Note each month. The administration fee shall be payable monthly in arrears. Lender is authorized to disburse a sufficient amount of the funds pursuant to the Inventory Note each month to pay this administration fee. The administration fees are not intended to be and shall not be construed to be interest.
Sample 1
INVENTORY NOTE. The term “Inventory Note” shall mean, individually and collectively, any promissory note of Borrowers issued to Initial Lender (or subsequently reissued by the Borrowers to an assignee of Initial Lender pursuant to Section 10.3 hereof) in respect of an Inventory Loan hereunder, as such promissory note may be amended, modified, supplemented or restated from time to time, and any substitutions for or renewals of such promissory note.
Sample 1
INVENTORY NOTE. The term “Inventory Note” shall have the meaning given to such term in the Recitals.
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Related to INVENTORY NOTE

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • 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.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • CURRENT INVENTORY OF QUALIFIED PROPERTY In addition to the requirements of Section 10.2 of this Agreement, if there is a material change in the Qualified Property described in EXHIBIT 4, then within 60 days from the date commercial operation begins, the Applicant shall provide to the District, the Comptroller, the Appraisal District or the State Auditor’s Office a specific and detailed description of the tangible personal property, buildings, and/or permanent, nonremovable building components (including any affixed to or incorporated into real property) on the Land to which the value limitation applies including maps or surveys of sufficient detail and description to locate all such described property on the Land.

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