Common use of Inventory Reporting Clause in Contracts

Inventory Reporting. The Agent for the benefit of the Lenders shall have received a satisfactory inventory valuation indicating the fair market value of the Company's current finished goods Inventory, sufficient in the Agent's reasonable judgment, to support the proposed financing arrangement and/or a satisfactory review of Inventory controls and reporting procedures conducted by an independent third party acceptable to the Agent.

Inventory Reporting. The Agent for the benefit of the Lenders ------------------- shall have received a satisfactory inventory valuation indicating the fair market value of the Company's current finished goods Inventory, sufficient in the Agent's reasonable judgment, to support the proposed financing arrangement and/or a satisfactory review of Inventory controls and reporting procedures conducted by an independent third party acceptable to the Agent.