Common use of Records Relating to Collateral Clause in Contracts

Records Relating to Collateral. (a) Borrower and each Guarantor will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of Borrower or such Guarantor, itemizing and describing the kind, type and quantity of Inventory and Borrower's or such Guarantor's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Acr Group Inc), Loan and Security Agreement (Acr Group Inc)

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Records Relating to Collateral. (a) The Borrower and each Guarantor will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of Borrower or such Guarantorthe Borrower, itemizing and describing the kind, type and quantity of Inventory and the Borrower's or such Guarantor's cost therefor and a current price list for such Inventorytherefor, and (ii) keep complete and accurate records of all other Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

Records Relating to Collateral. (a) Each Borrower and each Guarantor will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of Borrower or such GuarantorBorrower, itemizing and describing the kind, type and quantity of Inventory and such Borrower's or such Guarantor's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Records Relating to Collateral. (a) Borrower and each Guarantor will at all times (i) keep complete and accurate records of Inventory on a basis consistent with past practices of Borrower or such GuarantorBorrower, itemizing and describing the kind, type and quantity of Inventory and Borrower's or such Guarantor's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Centennial Specialty Foods Corp)

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Records Relating to Collateral. (a) Each Borrower and each Guarantor will at all times (i) keep complete and accurate records of (i) Inventory on a basis consistent with past practices of Borrower or such GuarantorBorrower, itemizing and describing the kind, type and quantity of Inventory and such Borrower's or such Guarantor's cost therefor and a current price list for such Inventory, and (ii) keep complete and accurate records of all other Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

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