Common use of Physical Inventories Clause in Contracts

Physical Inventories. At the Administrative Agent’s request, cause at least one (1) physical inventory at each of the Borrowers’ locations to be undertaken in each twelve (12) month period conducted by such inventory takers as are satisfactory to the Administrative Agent and following such methodology as is consistent with the methodology used in the immediately preceding inventory or as otherwise may be reasonably acceptable to the Administrative Agent. The Borrowers, within thirty (30) days following the completion of such inventory, shall provide the Administrative Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory undertaken by a Loan Party).

Appears in 5 contracts

Samples: Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.), Credit Agreement (Leslie's, Inc.)

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Physical Inventories. (a). At the Administrative Agent’s request, cause at least one (1) physical inventory at each of the BorrowersBorrowersLoan Parties’ locations to be undertaken in each twelve (12) month period conducted by such inventory takers as are satisfactory to the Administrative Agent and following such methodology as is consistent with the methodology used in the immediately preceding inventory or as otherwise may be reasonably acceptable to the Administrative Agent. The BorrowersBorrowersLoan Parties, within thirty (30) days following the completion of such inventory, shall provide the Administrative Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory undertaken by a Loan Party).

Appears in 1 contract

Samples: Credit Agreement (Leslie's, Inc.)

Physical Inventories. (a). At the Administrative Agent’s request, cause at least one (1) physical inventory at each of the BorrowersLoan Parties’ locations to be undertaken in each twelve (12) month period conducted by such inventory takers as are satisfactory to the Administrative Agent and following such methodology as is consistent with the methodology used in the immediately preceding inventory or as otherwise may be reasonably acceptable to the Administrative Agent. The BorrowersLoan Parties, within thirty (30) days following the completion of such inventory, shall provide the Administrative Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory undertaken by a Loan Party).

Appears in 1 contract

Samples: Credit Agreement (Leslie's, Inc.)

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Physical Inventories. At the Administrative Agent’s 's request, cause at least one (1) physical inventory at each of the Borrowers' locations to be undertaken in each twelve (12) month 93 period conducted by such inventory takers as are satisfactory to the Administrative Agent and following such methodology as is consistent with the methodology used in the immediately preceding inventory or as otherwise may be reasonably acceptable to the Administrative Agent. The Borrowers, within thirty (30) days following the completion of such inventory, shall provide the Administrative Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory undertaken by a Loan Party).

Appears in 1 contract

Samples: Credit Agreement (Leslie's, Inc.)

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