Common use of Eligible Inventory Clause in Contracts

Eligible Inventory. All Eligible Inventory is now and at all times hereafter shall be of good and merchantable quality, free from defects.

Appears in 10 contracts

Samples: Loan and Security Agreement (Image Entertainment Inc), Loan and Security Agreement (Action Industries Inc), Loan and Security Agreement (Image Entertainment Inc)

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Eligible Inventory. All Eligible Inventory is now and at all times hereafter shall be of good and merchantable quality, free from defects, except for minor defects arising in the ordinary course of business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

Eligible Inventory. All Eligible Inventory is now and shall be at all times hereafter shall be of good and merchantable quality, free from defects.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

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Eligible Inventory. All Eligible Inventory is now and at all times hereafter shall be of good and merchantable quality, free from defects.

Appears in 1 contract

Samples: Loan and Security Agreement (Millbrook Press Inc)

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