Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent prompt notice of (a) any physical count of any Borrower’s Inventory, together with a copy of the results thereof certified by the Borrowers, (b) any determination by the Borrowers that the aggregate Inventory levels of the Borrowers are not adequate to meet the sales projections of the Borrowers, and (c) any failure of any Credit Party to pay rent at any leased location where Inventory is located, which failure continues for more than ten (10) days following the day on which such payment rent is due and payable. Immediately following the occurrence thereof, the Credit Parties shall deliver to the Administrative Agent, in form and substance acceptable to the Administrative Agent and with such supporting detail, documentation and information as the Administrative Agent shall reasonably request regarding any changes to standard cost of any Eligible On-Hand Finished Goods Inventory, Eligible In-Transit Finished Goods Inventory or Eligible Raw Materials Inventory, including without limitation, changes to better reflect the actual cost of such Inventory. For the avoidance of doubt, any changes to the calculations of such standard cost and/or methodology for valuing any such Eligible Inventory shall not take effect the “Cost” of such Eligible Inventory for the purposes of calculating the Borrowing Base unless such changes are acceptable to the Administrative Agent (subject to Section 10.18).
Notices Concerning Inventory Collateral. The Borrowers shall provide to the Agents and the Tranche B Lender prompt notice of (a) any physical count of the Borrowers' or any of their Subsidiaries' inventory, together with a copy of the results thereof certified by the Borrowers or such Subsidiary, (b) any determination by the Borrowers or any of their Subsidiaries that the inventory levels of the Borrowers or such Subsidiary are not adequate to meet the sales projections of the Borrowers or such Subsidiary, (c) details of all credit card arrangements to which the Borrowers or any of their Subsidiaries is from time to time a party, including details relating to the Borrowers' or such Subsidiary's compliance with the terms of payment to the Fleet Concentration Account of the proceeds of all credit card charges for sales by the Borrowers or such Subsidiary, and (d) any failure of the Borrowers or any of their Subsidiaries to pay rent at any location, which failure continues for more than three days following the day on which such rent is due and payable by the Borrowers or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrowers shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrowers or any of their Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.
Notices Concerning Inventory Collateral. The Company shall provide to the Agent prompt notice of any physical count of the Company's or any of the Restricted Subsidiaries' Inventory, together with a copy of the results thereof certified by the Company or such Restricted Subsidiary.
Notices Concerning Inventory Collateral. The Parent and the Borrower shall provide to the Administrative Agent prompt notice of (a) any quarterly physical count of the Parent's or any of its Subsidiaries' inventory, together with a copy of the results thereof certified by the Parent or such Subsidiary, (b) any determination by the Parent or any of its Subsidiaries that the inventory levels of the Parent or such Subsidiary are not adequate to meet the sales projections of the Parent or such Subsidiary, and (c) any failure of the Parent or any of its Subsidiaries to pay rent at any leased location, which failure continues for more than ten (10) days following the day on which such rent is due and payable by the Parent or such Subsidiary.
Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent prompt notice of (a) any physical count of any Borrower’s or any of its Subsidiaries’ inventory, together with a copy of the summary results thereof (and such other supporting information relating thereto as the Administrative Agent may reasonably request) certified by such Borrower or such Subsidiary, (b) any determination by any Borrower or any of its Subsidiaries that the inventory levels of such Borrower or such Subsidiary are not adequate to meet the sales projections of such Borrower or such Subsidiary, (c) details of all credit card arrangements to which any Borrower or any of it Subsidiaries is from time to time a party, including details relating to such Borrower’s or such Subsidiary’s compliance with the terms of payment to the Concentration Account (as required pursuant to §8.15) of the proceeds of all credit card charges for sales by such Borrower or such Subsidiary, and (d) any failure of any Borrower or any of its Subsidiaries to pay rent at any location, which failure continues for more than three days following the day on which such rent is due and payable by such Borrower or such Subsidiary (other than any rental payment being contested in good faith and by appropriate proceedings or any rental payment which otherwise, by itself or in the aggregate with all other such rental payments, would not have a Material Adverse Effect).
Notices Concerning Inventory Collateral. The Credit Parties shall provide to the Administrative Agent prompt notice of (a) any physical count of any Credit Party's inventory, together with a copy of the results thereof certified by the Borrower, (b) any determination by the Credit Parties that the aggregate inventory levels of the Credit Parties are not adequate to meet the sales projections of the Credit Parties, and (c) any failure of any Credit Party or any of its Subsidiaries to pay rent at any leased location where inventory is located, which failure continues for more than ten (10) days following the day on which such payment rent is due and payable.
Notices Concerning Inventory Collateral. The Borrower shall provide to the Administrative Agent prompt notice of (i) any physical count of the Borrower's or any of its Subsidiaries' inventory, together with a copy of the results thereof certified by the Borrower or such Subsidiary, (ii) any determination by the Borrower or any of its Subsidiaries that the inventory levels of the Borrower or such Subsidiary are not adequate to meet the sales projections of the Borrower or such Subsidiary, and (iii) any failure of the Borrower or any of its Subsidiaries to pay rent at any location, which failure continues for more than five days following the day on which such rent is due and payable by the Borrower or such Subsidiary. If so requested by the Administrative Agent or any Lender, the Borrower shall provide to the Administrative Agent or such Lender copies of all advertising by the Borrower or any of its Subsidiaries including copies of all print advertising and duplicate tapes of all video and radio advertising.
Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent prompt notice (a) of any physical count of any Borrower’s Inventory during such Fiscal Quarter, together with a copy of the results thereof certified by the Borrower Representative, (b) of any determination by the Borrowers that the aggregate Inventory levels of the Borrowers are not adequate to meet the sales projections of the Borrowers, (c) of material changes to the calculations of standard cost and/or methodology for valuing any Inventory, (d) with respect to each Credit Party’s chief executive office location or any location where Inventory in excess of $25,000 is located, of any failure of any Credit Party to pay rent, bailee fees, charges and expenses or other fees, charges and charges in respect of such location, which failure continues for more than ten (10) days following the day on which such payment rent is due and payable in each case which results in an “event of default” under the applicable agreements after any applicable cure period, and (e) with respect to any new location where Inventory in excess of $25,000 is located, the address of such location, whether such location is leased or owned, name of the applicable Credit Party who owns or leases such location, and description of the Collateral located at such location. For the avoidance of doubt, any material changes to the calculations of such standard cost and/or methodology for valuing any such Inventory shall not take effect for the purposes of calculating the cost of such Inventory until the Administrative Agent shall have received an Acceptable Appraisal with respect to such Inventory in accordance with Section 6.15(c).
Notices Concerning Inventory Collateral. The Borrowers shall provide to the Administrative Agent prompt notice of (i) any physical count of either Borrower's or any of their respective Subsidiaries' inventory, together with a copy of the results thereof certified by the applicable Borrower or such Subsidiary, (ii) any determination by either Borrower or any of their respective Subsidiaries that the inventory levels of such Borrower or such Subsidiary are not adequate to meet the sales projections of such Borrower or such Subsidiary, (iii) details of all credit card arrangements to which either Borrower or any of their respective Subsidiaries is from time to time a party, and (iv) any failure of either Borrower or any of their respective Subsidiaries to pay rent at any location, which failure continues for more than three days following the day on which such rent is due and payable by such Borrower or such
Notices Concerning Inventory Collateral. 49 7.5.5. NOTIFICATION OF ADDITIONAL INTELLECTUAL PROPERTY RIGHTS..............49 7.5.6. ENVIRONMENTAL EVENTS.................................................50 7.5.7. NOTIFICATION REGARDING THE REAL PROPERTY.............................50 7.6.LEGAL EXISTENCE; MAINTENANCE OF PROPERTIES........................................50 7.7.INSURANCE.........................................................................50 7.8.TAXES.............................................................................51 7.9.COMPLIANCE WITH LAWS, CONTRACTS, LICENSES, AND PERMITS............................51
