Common use of Until default Clause in Contracts

Until default. Borrower may use its Inventory in any lawful manner not inconsistent with this agreement and with the terms of insurance thereon; may sell its Inventory in the ordinary course of business; and may use and consume any raw materials or supplies, the use and consumption of which is necessary in order to carry on Borrower's business.

Appears in 2 contracts

Sources: Loan Agreement (Ashton Technology Group Inc), Loan Agreement (Ashton Technology Group Inc)

Until default. Borrower may use its Inventory inventory in any lawful manner not inconsistent with this agreement and with the terms of insurance thereon; may sell its Inventory inventory in the ordinary course of business; and may use and consume any raw materials or supplies, the use and consumption of which is necessary in order to carry on Borrower's business.

Appears in 1 contract

Sources: Loan Agreement (Ashton Technology Group Inc)