Common use of Returned Merchandise Clause in Contracts

Returned Merchandise. Until the Lender exercises its rights to collect the accounts receivable as provided under any security agreement required under this Agreement, the Borrower may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the Borrower or upon such other disposition of the merchandise by the debtor in accordance with the Borrower’s instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Lender Bank exercises its rights to collect the accounts receivable as provided under any security agreement required under this Agreement, the Borrower Borrowers may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the Borrower Borrowers or upon such other disposition of the merchandise by the debtor in accordance with the Borrower’s Borrowers' instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Lender Bank exercises its rights to collect the accounts receivable as provided under any security agreement required under this Agreement, the Borrower Borrowers may continue its their present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the Borrower Borrowers or upon such other disposition of the merchandise by the debtor in accordance with the Borrower’s Borrowers' instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Lender Bank exercises its rights to collect the accounts receivable Eligible Receivables as provided under any security agreement required under this Agreement, the Borrower may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the Borrower or upon such other disposition of the merchandise by the debtor in accordance with the Borrower’s instructions. If a credit adjustment is made with respect to any Acceptable ReceivableEligible Receivables, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable Eligible Receivables in computing the Borrowing Base.