Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP.
Appears in 4 contracts
Samples: Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defectsdefects (ordinary wear and tear excepted), except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 3 contracts
Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)
Merchantable Inventory. All Inventory is in all material respects ---------------------- of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 3 contracts
Samples: Loan and Security Agreement (Pointshare Corp), Loan and Security Agreement (Egain Communications Corp), Loan and Security Agreement (Loudeye Technologies Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sonic Solutions/Ca/), Loan and Security Agreement (Vaughan Foods, Inc.), Security Agreement (Sonic Solutions/Ca/)
Merchantable Inventory. All Inventory Inventory, if any, is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 2 contracts
Samples: Loan and Security Agreement (MR2 Group, Inc.), Loan and Security Agreement (MR2 Group, Inc.)
Merchantable Inventory. All material Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 2 contracts
Samples: Loan and Security Agreement (Evolving Systems Inc), Loan and Security Agreement (Evolving Systems Inc)
Merchantable Inventory. All Except as disclosed in the Schedule, all Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, less ordinary wear and tear, free from all known material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 1 contract
Samples: Loan and Security Agreement (Bridgeline Digital, Inc.)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade, provided, however, that work-in-process is not of marketable quality.
Appears in 1 contract
Samples: Loan and Security Agreement (Tripath Technology Inc)
Merchantable Inventory. All Inventory is in all material ---------------------- respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
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Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPand/or obsolete Inventory.
Appears in 1 contract
Samples: Loan and Security Agreement (Optex Systems Holdings Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP.made. 5.6
Appears in 1 contract
Samples: Loan and Security Agreement (Scientific Learning Corp)
Merchantable Inventory. All Inventory is in all material respects ---------------------- of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP.
Appears in 1 contract
Samples: Loan Agreement (Logicvision Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except subject to recorded reserves for Inventory for which adequate reserves have been made in accordance with GAAPobsolete inventory.
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Merchantable Inventory. All Taking into consideration the industry in which Borrowers operate, all Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
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Merchantable Inventory. All material Inventory is in all material respects of good and marketable quality, quality free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAPmade.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP.made. 5.5
Appears in 1 contract
Samples: Loan and Security Agreement (BlackSky Technology Inc.)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP.made. {1231766:}
Appears in 1 contract
