Common use of Returns of Inventory Clause in Contracts

Returns of Inventory. If any Account Debtor returns any Inventory to the Grantor after shipment thereof, and such return generates a credit in excess of $10,000 in the aggregate on any Account or Accounts of such Account Debtor, the Grantor shall notify the Secured Parties of the same as soon as practicable.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Merlin Software Technologies International Inc), Security Agreement (Merlin Software Technologies International Inc)

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Returns of Inventory. If any Account Debtor returns any Inventory inventory to the Grantor after shipment thereof, and such return generates a credit in excess of $10,000 in the aggregate on any Account account or Accounts accounts of such Account Debtor, the Grantor shall notify the Secured Parties of the same as soon as practicable.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Merlin Software Technologies International Inc), Amended and Restated Security Agreement (Merlin Software Technologies International Inc)

Returns of Inventory. If any Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 250,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Agent of the same as soon as practicable.

Appears in 2 contracts

Samples: Security Agreement (Bec Group Inc), Bolle Credit Agreement (Bolle Inc)

Returns of Inventory. If any Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 50,000 on any individual Account or $100,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Collateral Agent for the benefit of the Purchasers in writing of the same as soon as practicable.

Appears in 1 contract

Samples: Security Agreement (Senetek PLC /Eng/)

Returns of Inventory. If any Account Debtor returns any Inventory inventory to the Grantor after shipment thereof, and such return generates a credit in excess of $10,000 50,000 in the aggregate on any Account account or Accounts accounts of such Account Debtor, the Grantor shall notify the Secured Parties Collateral Agent of the same as soon as practicable.

Appears in 1 contract

Samples: Security Agreement (Virologic Inc)

Returns of Inventory. If any Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 500,000 on any individual Account or $1,200,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Agent in writing of the same as soon as practicable.

Appears in 1 contract

Samples: Security Agreement (Headway Corporate Resources Inc)

Returns of Inventory. If any Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such or returns return generates a credit generate credits in excess of $10,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Agent in writing of the same as soon as practicable.

Appears in 1 contract

Samples: Pledge and Security Agreement (Unicapital Corp)

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Returns of Inventory. If any Account Debtor returns any Inventory -------------------- to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 500,000 on any individual Account or $1,000,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Agent in writing of the same as soon as practicable.

Appears in 1 contract

Samples: Guaranty Agreement (Breed Technologies Inc)

Returns of Inventory. If any individual Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 in the aggregate on any Account or Accounts of such Account Debtor, the such Grantor shall notify the Secured Parties Agent of the same as soon as practicable.

Appears in 1 contract

Samples: Security Agreement (River Oaks Furniture Inc)

Returns of Inventory. If any Account Debtor returns any Inventory to the a Grantor after shipment thereof, and such return generates a credit in excess of $10,000 5,000.00 on any individual Account or $25,000.00 in the aggregate on any Account or Accounts of such Account Debtor, the Grantor shall notify the Secured Parties Agent in writing of the same as soon as practicable.

Appears in 1 contract

Samples: Stock Pledge Agreement (Cultural Access Worldwide Inc)

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