Common use of Merchantable Inventory Clause in Contracts

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

Appears in 3 contracts

Sources: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp)