3Inventory; Returns. Each Loan Party, and each of their Subsidiaries (other than Excluded Subsidiaries), shall keep all Inventory in good and merchantable condition, free from all material defects except for Inventory for which adequate reserves have been made. Returns and allowances, if any, as between any Loan Party or Subsidiary of any Loan Party (other than Excluded Subsidiaries) and its Account Debtors shall be on the same basis and in accordance with the usual customary practices of such Loan Party, as they exist on the Effective Date.
Appears in 2 contracts
Sources: Loan and Security Agreement (Vireo Growth Inc.), Loan and Security Agreement (Vireo Growth Inc.)