Common use of Returns of Inventory Clause in Contracts

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,000; and (v) any payments received by any Borrower in connection with any such return are promptly turned over to Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists has occurred and is continuing or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies the Collateral Agent thereof if the aggregate Value value of all Eligible Inventory returned in any month exceeds $50,0001,500,000; and (v) any payments received by any such Borrower in connection with any such return are promptly turned over to the Administrative Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,0001,000,000; and (v) any payments received by any such Borrower in connection with any such return are promptly turned over to Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies Administrative Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,0001,000,000; and (v) any cash payments received by any such Borrower in connection with any such return are promptly turned over to Administrative Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of -------------------- its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course ordinary course of Business business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower Borrowers promptly notifies Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,000250,000; and (v) any payments received by any Borrower in connection with any such return are as promptly turned over to Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course ordinary course of Business business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower Borrowers promptly notifies Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,0001,000,000; and (v) any payments received by any Borrower in connection with any such return are promptly turned over to Agent for application to the Obligations.

Returns of Inventory. No Borrower shall not return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course ordinary course of Business business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,000250,000 and such Inventory is not replaced within 3 Business Days; and (v) any payments received by any Borrower in connection with any such return are promptly turned over to Agent for application to the Obligations.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; , (ii) no Default or Event of Default exists or would result therefrom; , (iii) the return of such Inventory will not result in an Out-of-Formula Condition; , (iv) such Borrower Borrowers promptly notifies Agent thereof notify Lender if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,000; 250,000, and (v) any payments payment received by any Borrower in connection with any such return are is promptly turned over to Agent Lender for application to the Obligations, subject to the terms of SECTION 5.3.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower promptly notifies Administrative Agent thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,000500,000; and (v) any payments received by any such Borrower in connection with any such return are promptly turned over to Administrative Agent for application to the ObligationsObligations in accordance with the terms of this Agreement.

Returns of Inventory. No Borrower shall return any of its Inventory to a supplier or vendor thereof, or any other Person, whether for cash, credit against future purchases or then existing payables, or otherwise, unless unless: (i) such return is in the Ordinary Course of Business of such Borrower and such Person; (ii) no Default or Event of Default exists or would result therefrom; (iii) the return of such Inventory will not result in an Out-of-Formula Condition; (iv) such Borrower Borrowers promptly notifies Agent notify Lender thereof if the aggregate Value of all Eligible Inventory returned in any month exceeds $50,0001,000,000; and (v) any payments received by any Borrower in connection with any such return are promptly turned over to Agent Lender for application to the Obligations.