Common use of Eligible Inventory Clause in Contracts

Eligible Inventory. All Eligible Inventory is of good and merchantable quality, free from defects.

Appears in 27 contracts

Samples: Loan and Security Agreement (RDM Sports Group Inc), Loan and Security Agreement (Thomaston Mills Inc), Loan and Security Agreement (Telxon Corp)

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Eligible Inventory. All Eligible Inventory is of good and merchantable quality, free from defects.. As to each item of Eligible Inventory, such Inventory is

Appears in 10 contracts

Samples: Credit and Security Agreement (Pro Dex Inc), Loan and Security Agreement (Metalico Inc), Credit and Security Agreement (Pro Dex Inc)

Eligible Inventory. All Eligible Inventory is of good and merchantable quality, free from known defects.

Appears in 8 contracts

Samples: Loan and Security Agreement (West Marine Inc), Loan and Security Agreement (West Marine Inc), Loan and Security Agreement (West Marine Inc)

Eligible Inventory. All Eligible Inventory is of good and merchantable quality, free from material defects.

Appears in 2 contracts

Samples: Loan and Security Agreement (Samuels Jewelers Inc), Loan and Security Agreement (Samuels Jewelers Inc)

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Eligible Inventory. All Eligible Inventory is of good and merchantable quality, and is free from defectsdefects which are likely to have a material effect on the value thereof, taken as a whole.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Aldila Inc)

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