Common use of Returns of Inventory Clause in Contracts

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000, Borrower shall notify Lender of the same immediately, specifying the reason for such return and the location and condition of the returned Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Index Inc), Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (Index Inc)

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Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00050,000, Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Financial Performance Corp), Loan and Security Agreement (Denali Inc), Loan and Security Agreement (Rowecom Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the after shipment of which generated an Account on which thereof, and such Account Debtor is obligated return generates a credit in excess of $20,000250,000.00, in the aggregate, on any Account or Accounts of such Account Debtor, Borrower shall notify Lender of the same immediately, specifying the reason for such return return, the amount of such credit and the location and condition con- dition of the returned Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pluma Inc), Loan and Security Agreement (Pluma Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of Five Hundred Thousand Dollars ($20,000500,000), Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Home Products International Inc), Loan and Security Agreement (Home Products International Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00050,000, Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Nations Flooring Inc)

Returns of Inventory. If If, at any time or times hereafter hereafter, any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00025,000, Borrower shall immediately notify Lender Administrative Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Questron Technology Inc), Loan and Security Agreement (Questron Technology Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000100,000.00, Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000100,000, Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Houston Wire & Cable CO)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of One Hundred Fifty Thousand Dollars ($20,000150,000), Borrower immediately shall notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition, and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower any Borrower, the shipment of which generated an Account on which such Account Debtor is obligated in excess of Twenty Five Thousand Dollars ($20,00025,000), such Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns to Borrowers any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000250,000, Borrower Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns to Borrowers any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000500,000, Borrower Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory."

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00035,000, Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Returns of Inventory. If at any time or times hereafter hereafter, any Account Debtor returns any Inventory to Borrower either Borrower, the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00010,000.00, Borrower and the amount of such returned Inventory with respect to such Account exceeds $10,000.00, Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Plan Systems Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower Borrower, the shipment of which generated an Account on which such Account Debtor is obligated in excess of Fifty Thousand Dollars ($20,00050,000), Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000250,000, Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Executone Information Systems Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower any Borrower, the shipment of which generated an Account on which such Account Debtor is obligated in excess of Twenty Five Thousand Dollars ($20,00025,000), such Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00050,000, Borrower shall notify Lender of the same immediately, specifying the reason for such return and the location and condition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (DXP Enterprises Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000100,000, Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Zoom Telephonics Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000100,000, Borrower immediately shall notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (First Aviation Services Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000, 100,000. Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Returns of Inventory. If at any time or times hereafter any -------------------- Account Debtor returns to Borrowers any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000250,000, Borrower Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

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Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to a Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000, Borrower 25,000 Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Tmci Electronics Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000, 25,000.00 Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (KVH Industries Inc \De\)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000100,000, Borrower shall promptly notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of Two Hundred Thousand Dollars ($20,000200,000), Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgan Products LTD)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of One Hundred Thousand Dollars ($20,000100,000.00), Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Gentiva Health Services Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to any Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of One Hundred Thousand Dollars $20,000100,000.00, Borrower Borrowers shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Gentiva Health Services Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an a then Eligible Account on which obligating such Account Debtor is obligated in excess of Fifty Thousand Dollars ($20,00050,000), Borrower shall notify Lender of the same immediately, specifying the reason for such return and the location and condition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Setech Inc /De)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower Borrowers the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00035,000, Borrower Borrowers shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to any Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000500,000, such Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (United Industrial Corp /De/)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to a Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000500,000.00, Borrower Borrowers shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (United Natural Foods Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000150,000, Borrower shall notify Lender of the same immediately, specifying the reason for such return and the location and condition of the returned Inventory.

Appears in 1 contract

Samples: Consolidated Loan and Security Agreement (DXP Enterprises Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,00050,000.00, Borrower shall immediately notify Lender of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to any Borrower the shipment of which generated an Account on which such Account Debtor is obligated in excess of $20,000, 500,000 such Borrower shall notify Lender of the same immediately, specifying the reason for such return and the location and condition of the returned Inventory. After the occurrence of an Event of Default, each Borrower shall hold all returned Inventory in trust for Lender, and shall conspicuously label such Inventory as the Property of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (CFP Holdings Inc)

Returns of Inventory. If at any time or times hereafter any Account Debtor returns any Inventory to Borrower any Borrower, the shipment of which generated an Account on which such Account Debtor is obligated in excess of Fifty Thousand and 00/100 Dollars ($20,00050,000.00), such Borrower shall immediately notify Lender Agent of the same immediatelysame, specifying the reason for such return and the location location, condition and condition intended disposition of the returned Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

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