Sales of Inventory. So long as Borrower is not in default hereunder, Borrower shall have the right, in the regular course of business, to process and sell Borrower’s Inventory. A sale in the ordinary course of business shall not include a transfer in total or partial satisfaction of a debt.
Appears in 4 contracts
Samples: Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Mfic Corp)
Sales of Inventory. So long as Borrower is not in default hereunder, Borrower shall have the right, in the regular course of business, to process and sell Borrower’s 's Inventory. A sale in the ordinary course of business shall not include a transfer in total or partial satisfaction of a debt.
Appears in 1 contract
Samples: Demand Loan and Security Agreement (Asa International LTD)
