Responsibility for Inventory. Borrower shall be liable and responsible for: (A) the safekeeping of Inventory; (B) any loss, damage or destruction to the Inventory occurring or arising in any manner or fashion; (C) any diminution in the value thereof; or (D) any act or event of default of any carrier, warehouseman, bailee or forwarding agency thereof or any other Person.
Appears in 2 contracts
Samples: Loan and Security Agreement (Agritech Worldwide, Inc.), Loan and Security Agreement (Agritech Worldwide, Inc.)
Responsibility for Inventory. Borrower shall be liable and or responsible for: (A) the safekeeping of Inventory; (B) any loss, damage or destruction to the Inventory occurring or arising in any manner or fashion; (C) any diminution in the value thereof; or (D) any act or event of default of any carrier, warehouseman, bailee or forwarding agency thereof or any other Person.
Appears in 2 contracts
Samples: Loan and Security Agreement (Better Choice Co Inc.), Loan and Security Agreement (United American Healthcare Corp)
Responsibility for Inventory. Borrower shall be liable and or responsible for: (Aa) the safekeeping of Inventory; (Bb) any loss, loss or damage thereto or destruction to the Inventory thereof occurring or arising in any manner or fashionfashion from any cause; (Cc) any diminution in the value thereof; or (Dd) any act or event of default of any carrier, warehouseman, bailee or forwarding agency thereof or any other Personperson whomsoever.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)
Responsibility for Inventory. Borrower shall be liable and or responsible for: (A) the safekeeping of Inventory; (B) any loss, damage or destruction to the Inventory occurring or arising in any manner or fashion; (C) any diminution in the value thereof; or (D) any act or event of default of any carrier, warehouseman, bailee or forwarding agency thereof or any other Person.
Appears in 1 contract
Samples: Loan and Security Agreement (Total Apparel Group , Inc.)
Responsibility for Inventory. Borrower Borrowers shall be liable and responsible for: (A) the safekeeping of Inventory; (B) any loss, damage or destruction to the Inventory occurring or arising in any manner or fashion; (C) any diminution in the value thereof; or (D) any act or event of default of any carrier, warehouseman, bailee or forwarding agency thereof or any other Person.
Appears in 1 contract
Samples: Loan and Security Agreement (Vita Food Products Inc)
