Common use of Inventory Reports Clause in Contracts

Inventory Reports. Debtor will deliver to Secured Party, on such ----------------- frequency as Secured Party may reasonably request, a written report in form and content reasonably satisfactory to Secured Party, with respect to the preceding month or other applicable period, showing Debtor's opening inventory, inventory acquired, inventory sold, inventory returned, inventory used in Debtor's business, closing inventory, any other inventory not within the preceding categories, and such other information as Secured Party may reasonably request from time to time. Debtor shall notify Secured Party as soon as practicable of any matter adversely affecting the inventory, including, without limitation, any event causing loss or depreciation in any material respect in the value of the inventory and the amount of such possible loss or depreciation.

Appears in 3 contracts

Samples: Commercial Security Agreement (Visual Numerics Inc), Commercial Security Agreement (Visual Numerics Inc), Commercial Security Agreement (Visual Numerics Inc)

AutoNDA by SimpleDocs

Inventory Reports. Debtor will deliver to Secured PartyParty as Secured Party may require, on such ----------------- frequency as Secured Party may reasonably request, a written report in form and content reasonably satisfactory to Secured Party, with respect to the preceding month or other applicable period, showing Debtor's Debtors opening inventory, inventory acquired, inventory sold, inventory leased, inventory returned, inventory used in Debtor's business, closing inventory, any other inventory not within the preceding categories, categories and such other information as Secured Party may reasonably request from time to time. Debtor shall immediately notify Secured Party as soon as practicable of any matter adversely affecting the inventory, including, without limitation, any event causing loss or depreciation in any material respect in the value of the inventory and the amount of such possible loss or of depreciation.

Appears in 1 contract

Samples: Loan Agreement (WORTHPOINT Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.