Common use of Sale of Inventory Clause in Contracts

Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs first, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

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Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs firstDefault, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this AgreementAgreement or the Orderly Liquidation Budget, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Display Technologies Inc)

Sale of Inventory. Until Except during the occurrence continuance of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs firsthereunder, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Comtech Telecommunications Corp /De/)

Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs first, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt Liabilities nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Imaging Inc)

Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs firstDefault, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Display Technologies Inc)

Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs first, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Imaging Inc)

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Sale of Inventory. Until the occurrence of an Event of Default Default, ----------------- hereunder or until expiration of the Commitment Period, whichever occurs first, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Display Technologies Inc)

Sale of Inventory. Until the occurrence and continuance of an Event of Default ----------------- hereunder or until expiration of the Commitment PeriodDefault, whichever occurs first, Borrower Borrowers may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of any Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

Sale of Inventory. Until the occurrence of an Event of Default ----------------- hereunder or until expiration of the Commitment Period, whichever occurs firsthereunder, Borrower may use and dispose of the Inventory in the ordinary course of business where such is not inconsistent with this Agreement, provided that the ordinary course of business does not include a transfer in partial or total satisfaction of Debt nor a transfer (other than a sale on terms and conditions which would apply if disinterested parties were involved) to an Affiliate of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocal Inc)

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