Common use of Merchantable Inventory Clause in Contracts

Merchantable Inventory. To the extent the Borrower has Inventory, all such 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (TechTarget Inc), Loan and Security Agreement (TechTarget Inc)

AutoNDA by SimpleDocs

Merchantable Inventory. To the extent the All Inventory of such Borrower has Inventory, all such 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Icad Inc)

Merchantable Inventory. To the extent the Borrower has Inventorybest of Borrower's knowledge, all such 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Lynx Therapeutics Inc)

AutoNDA by SimpleDocs

Merchantable Inventory. To the extent the Borrower has Inventory, all such 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.

Appears in 1 contract

Samples: Loan and Security Agreement (TechTarget Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.