Common use of Returns of Inventory Clause in Contracts

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month exceeds $2,625,000; and (d) any payment received by an Obligor for a return is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,0005,000,000; and (d) any payment received by an Obligor for a return during any Dominion Trigger Period is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,0002,000,000; and (d) during a Cash Dominion Event, any payment received by an Obligor for a return is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default Default, Revolver Overadvance or FILO Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,000375,000; and (d) any payment received by an Obligor for a return is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Revolver Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,000375,000; and (d) any payment received by an Obligor for a return is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,0002,000,000; and (div) during a Cash Dominion Event, any payment received by an Obligor for a return is promptly remitted to Collateral Agent for application to the Obligations.

Returns of Inventory. No Obligor Grantor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (ai) such return is in the Ordinary Course of Business; (bii) no Default, Default or Event of Default or Overadvance exists or would result therefrom; (c) Collateral Agent is promptly notified if the aggregate Value of all Inventory returned in any Fiscal Month month exceeds $2,625,000500,000; and (d) after the Senior Priority Discharge Date, or as otherwise provided in the Intercreditor Agreement, any payment received by an Obligor a Grantor for a return is promptly remitted to Collateral Agent for application to the Noteholder Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other PersonPerson that has a Value in excess of $1,000,000, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Collateral Administrative Agent is promptly notified if the aggregate Value of all Inventory so returned in any Fiscal Month month exceeds $2,625,0002,000,000; and (d) any cash payment received by an a Obligor for a return is promptly remitted to Collateral Administrative Agent for application to the Obligations.

Returns of Inventory. No Obligor shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Default or Event of Default or Overadvance exists or would result therefrom; (c) Collateral the Administrative Agent is promptly notified if the aggregate Value value of all Inventory returned in any Fiscal Month month exceeds $2,625,0005,000,000; and (d) any payment received by an Obligor a Borrower for a return is promptly remitted to Collateral the Administrative Agent for application to the Obligations.