Common use of Inventory; Returns Clause in Contracts

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 58 contracts

Samples: Loan and Security Agreement (Contineum Therapeutics, Inc.), Loan and Security Agreement (Singular Genomics Systems, Inc.), Loan and Security Agreement (1Life Healthcare Inc)

AutoNDA by SimpleDocs

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s 's customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 50 contracts

Samples: Loan and Security Agreement (Divx Inc), Loan and Security Agreement (Intrabiotics Pharmaceuticals Inc /De), Loan and Security Agreement (Spectrian Corp /Ca/)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 29 contracts

Samples: Loan and Security Agreement (Homology Medicines, Inc.), Loan and Security Agreement (DiCE MOLECULES HOLDINGS, LLC), Loan and Security Agreement (Liquidia Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 18 contracts

Samples: Loan and Security Agreement (Impinj Inc), Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Everspin Technologies Inc)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s 's customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 12 contracts

Samples: Loan and Security Agreement (Corillian Corp), Loan and Security Agreement (Novoste Corp /Fl/), Security Agreement (Corillian Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000).

Appears in 12 contracts

Samples: Loan and Security Agreement (Spruce Biosciences, Inc.), Loan and Security Agreement (Spruce Biosciences, Inc.), Loan and Security Agreement (Avidity Biosciences, Inc.)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 11 contracts

Samples: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Comverge, Inc.), Loan and Security Agreement (Egain Communications Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000.00).

Appears in 11 contracts

Samples: Loan and Security Agreement (Frequency Therapeutics, Inc.), Loan and Security Agreement (Selecta Biosciences Inc), Loan and Security Agreement (Mersana Therapeutics, Inc.)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s 's customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 7 contracts

Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Vixel Corp), Loan and Security Agreement (Neah Power Systems, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 7 contracts

Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Peregrine Pharmaceuticals Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,000150,000).

Appears in 6 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Ooma Inc), Loan and Security Agreement (Crossroads Systems Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000).

Appears in 6 contracts

Samples: Loan and Security Agreement (Medallia, Inc.), Loan and Security Agreement (Medallia, Inc.), Loan and Security Agreement (Sienna Biopharmaceuticals, Inc.)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s 's customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 6 contracts

Samples: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Ecollege Com), Loan and Security Agreement (Valueclick Inc/Ca)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s 's customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)250,000.

Appears in 5 contracts

Samples: Loan and Security Agreement (Silicon Storage Technology Inc), Loan Agreement (Ats Medical Inc), Loan and Security Agreement (Brio Technology Inc)

Inventory; Returns. Keep all material Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 5 contracts

Samples: Loan and Security Agreement (Miragen Therapeutics, Inc.), Loan and Security Agreement (Signal Genetics, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s 's customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 5 contracts

Samples: Loan and Security Agreement (Envision Solar International, Inc.), Loan and Security Agreement (Cardionet Inc), Loan and Security Agreement (Specialized Health Products International Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Collateral Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)) individually or in the aggregate in any calendar year.

Appears in 4 contracts

Samples: Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,000150,000.00).

Appears in 4 contracts

Samples: Loan and Security Agreement (Borderfree, Inc.), Loan and Security Agreement (Borderfree, Inc.), Loan Modification Agreement (Imprivata Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Three Hundred Thousand Dollars ($100,000300,000).

Appears in 4 contracts

Samples: Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices in the industry in which Borrower operates, substantially as they exist at the Effective Closing Date. Borrower must promptly notify Bank Collateral Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Omeros Corp), Loan and Security Agreement (Omeros Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 3 contracts

Samples: Loan and Security Agreement (AxoGen, Inc.), Loan and Security Agreement (Bacterin International Holdings, Inc.), Loan and Security Agreement (Tribute Pharmaceuticals Canada Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 3 contracts

Samples: Subordinated Loan and Security Agreement (Everyday Health, Inc.), Loan and Security Agreement (Chimerix Inc), Loan and Security Agreement (Chimerix Inc)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s 's customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 3 contracts

Samples: Loan and Security Agreement (ExactTarget, Inc.), Loan Modification Agreement (Archemix Corp.), Loan and Security Agreement (Nanosys Inc)

Inventory; Returns. Keep Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its Account Debtors shall account debtors will follow each Borrower’s customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower Company must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)200,000.

Appears in 3 contracts

Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000).

Appears in 3 contracts

Samples: Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Chimerix Inc), Loan and Security Agreement (908 Devices Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims relating to Inventory or the sale of goods that involve more than One Two Hundred Thousand Dollars ($100,000200,000), measured in book value with respect to returns of Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Gigamon LLC), Loan and Security Agreement (Gigamon LLC), Loan and Security Agreement (Gigamon LLC)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 3 contracts

Samples: Loan and Security Agreement (Control4 Corp), Loan and Security Agreement (Alvarion LTD), Loan and Security Agreement (Finisar Corp)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00).

Appears in 3 contracts

Samples: Loan and Security Agreement (Art Technology Group Inc), Loan and Security Agreement (NMS Communications Corp), Loan and Security Agreement (Aprimo, INC)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)250,000.

Appears in 3 contracts

Samples: Loan and Security Agreement (Paradigm Genetics Inc), Loan and Security Agreement (Drugstore Com Inc), Loan and Security Agreement (Skinmedica Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 3 contracts

Samples: Loan and Security Agreement (Paradigm Holdings, Inc), Loan and Security Agreement (Axs One Inc), Loan and Security Agreement (GlobalOptions Group, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)50,000.00.

Appears in 3 contracts

Samples: Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Candel Therapeutics, Inc.), Loan and Security Agreement (Cue Biopharma, Inc.)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s 's customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00).

Appears in 3 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims or claims, that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Smart Move, Inc.), Loan and Security Agreement (Smart Move, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist (or substantially similar to such practices as conducted) at the Effective Closing Date. Borrower must promptly notify Bank Lender of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Lender of all returns, recoveries, disputes and claims that involve more than One Three Hundred Thousand Dollars ($100,000300,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Novelion Therapeutics Inc.), Loan and Security Agreement (Novelion Therapeutics Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Serve Robotics Inc. /DE/), Loan and Security Agreement (Direct Digital Holdings, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000) (measured as to any single return, recovery, dispute or claim, and not in the aggregate at such time).

Appears in 2 contracts

Samples: Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Collateral Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Tranzyme Inc), Loan and Security Agreement (Apex Bioventures Acquisition Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Genocea Biosciences, Inc.), Loan and Security Agreement (Cimetrix Inc)

Inventory; Returns. Keep all Inventory in good and marketable conditioncondition in all substantial respects, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000).

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Axonics Modulation Technologies, Inc.)

Inventory; Returns. Keep all Inventory inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date, absent Bank’s consent, not to be unreasonably withheld. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Intellon Corp), Loan and Security Agreement (Intellon Corp)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve individually or in the aggregate more than One Hundred Fifty Thousand Dollars ($100,000150,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all Inventory returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 2 contracts

Samples: Loan Modification Agreement (Cyoptics Inc), First Loan Modification Agreement (Cyoptics Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Three Hundred Fifty Thousand Dollars ($100,000350,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Yodle Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)300,000.00.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ibotta, Inc.), Loan and Security Agreement (Ibotta, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. ; provided that for those that do not follow Borrower’s customary practices, Borrower must promptly notify Bank Agent of all such returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 2 contracts

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

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank Agent and/or the Lenders of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)100,000.00.

Appears in 2 contracts

Samples: 2023 Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.)

Inventory; Returns. Keep all material Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Datepractices. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Luca Technologies Inc), Loan and Security Agreement (Luca Technologies Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defectsdefects (excluding Experimental Compounds). Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Million Dollars ($100,0001,000,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (RingCentral Inc), Loan and Security Agreement (Alvarion LTD)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Datepractices. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)250,000.

Appears in 2 contracts

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

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)the Threshold Amount.

Appears in 2 contracts

Samples: Loan Modification Agreement (Meru Networks Inc), Loan Modification Agreement (Meru Networks Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Lender of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,000150,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)

Inventory; Returns. Keep all Inventory Inventory, if any, in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Regado Biosciences Inc), Loan and Security Agreement (Regado Biosciences Inc)

Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall account debtors will follow Borrower’s Borrower s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)150,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hearme), Loan and Security Agreement (Hearme)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.), Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all Inventory returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 2 contracts

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

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Augmedix, Inc.), Loan and Security Agreement (Singular Genomics Systems, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that Borrower reasonably believes involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Ceres, Inc.), Loan and Security Agreement (Ceres, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Eidos Therapeutics, Inc.), Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims in connection with Inventory that involve more than One Five Hundred Thousand Dollars ($100,000500,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Livongo Health, Inc.), Loan and Security Agreement (Livongo Health, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Lender of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluearc Corp), Loan and Security Agreement (Metabasis Therapeutics Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Datepractices. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Million Dollars ($100,0001,000,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Caliper Life Sciences Inc), Loan and Security Agreement (Caliper Life Sciences Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices in the ordinary course of business which shall be consistent with customary practice for companies of similar size and in the same, or related, industry as they exist at the Effective DateBorrower. Borrower must promptly notify Bank Collateral Agent and the Lenders of all returns, recoveries, disputes and claims in connection with Inventory that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Nalu Medical, Inc.), Loan and Security Agreement (Nalu Medical, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 2 contracts

Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its their Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Collateral Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)) individually or in the aggregate in any calendar year.

Appears in 2 contracts

Samples: Loan and Security Agreement (Achaogen Inc), Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00).

Appears in 2 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (Cavium Networks)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)[****].

Appears in 2 contracts

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

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects, in each case, other than as a result of casualty or condemnation events. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. In connection with and at the time each Borrowing Base Report is delivered, Borrower must promptly shall notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Millennial Media Inc.)

Inventory; Returns. Keep Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between each Borrower and its Account Debtors shall account debtors will follow such Borrower’s customary practices as they exist at the Effective Date. Borrower Borrowers must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, net of credits from suppliers, that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Perficient Inc)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices customarypractices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (American Science & Engineering Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s 's customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,0001\50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Transgenomic Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its their Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Collateral Agent of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000)250,000.00) individually or in the aggregate in any calendar year.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its Account Debtors shall follow such Borrower’s customary practices as they exist at the Effective Date. Borrower Borrowers must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000)500,000) and (i) relate to a single customer or (ii) relate to returns of a single product within a Fiscal Quarter.

Appears in 1 contract

Samples: Loan and Security Agreement (Ev3 Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand [***] Dollars ($100,000[***]).

Appears in 1 contract

Samples: Loan and Security Agreement (Outset Medical, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims by Account Debtors that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Cryocor Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s 's customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Three Hundred Fifty Thousand Dollars ($100,000350,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (Netezza Corp)

Inventory; Returns. Keep all the material portion of its Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (DemandTec, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s 's customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,000150,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Voxware Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Pledgors of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).

Appears in 1 contract

Samples: Note and Security Agreement (Braintech Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000).

Appears in 1 contract

Samples: Loan and Security Agreement (AVROBIO, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve could reasonably be expected to result in damages or costs to Borrower of more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 1 contract

Samples: Loan and Security Agreement (MedAvail Holdings, Inc.)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00).

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Critical Therapeutics Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must shall promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)25,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Beamr Imaging Ltd.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s 's customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Spire Corp)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)250,000.

Appears in 1 contract

Samples: Loan and Security Agreement (3PAR Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its Account Debtors shall follow Borrower’s Borrowers’ customary practices as they exist at the Effective Date. Each Borrower must promptly notify Bank the Agent of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (EnergyConnect Group Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00).

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Velo3D, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Twenty-Five Thousand Dollars ($100,00025,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Intrusion Inc)

Inventory; Returns. Keep all Inventory in good and marketable conditioncondition in all material respects, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Million Dollars ($100,0001,000,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Axonics, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between a Borrower and its Account Debtors shall follow such Borrower’s customary practices as they exist at the Effective Date. Each Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)) per occurrence.

Appears in 1 contract

Samples: Loan and Security Agreement (MRV Communications Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary 224419752 v2 practices as they exist at the Effective Date. Borrower must promptly notify Bank Agent and the Lenders of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000.00).

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Verrica Pharmaceuticals Inc.)

Inventory; Returns. Keep Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower Borrowers and its Account Debtors shall their account debtors will follow Borrower’s Borrowers’ customary practices as they exist at the Effective Dateexecution of this Agreement. Borrower Borrowers must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000)50,000.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its Account Debtors account debtors shall follow Borrower’s Borrowers’ customary practices as they exist at the Effective Datepractices. Borrower Borrowers must promptly notify Bank Agent of all returns, recoveries, disputes and claims claims, that involve more than One Hundred Thousand Dollars ($100,000)250,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Equinix Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes recoveries and asserted claims that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Zillow Inc)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims regarding inventory that involve more than One Hundred Thousand Dollars ($100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Synacor, Inc.)

Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank Collateral Agent of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000)500,000) individually or in the aggregate in any calendar year.

Appears in 1 contract

Samples: Loan and Security Agreement (Anacor Pharmaceuticals, Inc.)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s 's customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($100,00050,000.00)." and inserting in lieu thereof:

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Critical Therapeutics Inc)

Inventory; Returns. Keep Borrower shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors account debtors shall follow Borrower’s 's customary practices as they exist at the Effective Closing Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Five Hundred Thousand Dollars ($100,000500,000.00)."

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Critical Therapeutics Inc)

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