Common use of Records and Reports of Inventory Clause in Contracts

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may reasonably request but in no event more frequently than once per week if no Default or Event of Default exists. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and, at Agent's request, shall provide to Agent a report based on the latest such physical inventory. Agent may participate in and observe, at its reasonable request, any physical inventory count. Agent shall provide such of the foregoing information as it deems material to Lenders promptly upon receipt thereof from Borrowers.

Records and Reports of Inventory. Each Obligor Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may reasonably request but in no event more frequently than once per week if no Default or Event of Default exists. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and, at Agent's ’s request, shall provide to Agent a report based on the latest such physical inventory. Agent may participate in and observe, at its reasonable request, any physical inventory count. Agent shall provide such of the foregoing information as it deems material to the Lenders promptly upon receipt thereof from the Borrowers.

Records and Reports of Inventory. Each Obligor Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may reasonably request but in no event more frequently than once per week if no Default or Event of Default exists. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and, at Agent's ’s request, shall provide to Agent a report based on the latest such physical inventory. Agent may participate in and observe, at its reasonable request, any physical inventory count. Agent shall provide such of the foregoing information as it deems material to the Lenders promptly upon receipt thereof from the Borrowers.

Records and Reports of Inventory. Each Obligor shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may reasonably request but in no event more frequently than once per week if no Default or Event of Default exists. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and, at Agent's ’s request, shall provide to Agent a report based on the latest such physical inventory. Agent may participate in and observe, at its reasonable request, any physical inventory count. Agent shall provide such of the foregoing information as it deems material to Lenders promptly upon receipt thereof from Borrowers.

Records and Reports of Inventory. Each Obligor Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory reports in form reasonably satisfactory to Agent, on such periodic a monthly basis as by no later than the 20th day of the following month. Until a perpetual inventory reporting system satisfactory to Agent may reasonably request but in no event more frequently than once per week if no Default or Event of Default exists. Each has been established by each Borrower, each Borrower shall conduct a physical inventory count at least once per calendar year quarter (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and, at Agent's request, and shall provide to Agent a report based on the latest each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Once a perpetual inventory reporting system has been established by each Borrower, such physical inventory. inventory shall be conducted at least once per year Agent may participate in and observe, at its reasonable request, any observe each inventory or physical inventory count. Agent shall provide such of the foregoing information as it deems material to Lenders promptly upon receipt thereof from Borrowers.