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)
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 51 contracts
Samples: Loan and Security Agreement (Intrabiotics Pharmaceuticals Inc /De), Loan and Security Agreement (Divx Inc), Loan and Security Agreement (Pharsight 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 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 19 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 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).
Appears in 15 contracts
Samples: Loan and Security Agreement (Genzyme Transgenics Corp), Loan and Security Agreement (Alnylam Pharmaceuticals Inc), Loan and Security Agreement (Cyberkinetics Neurotechnology 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 Hundred Fifty Thousand Dollars ($100,00050,000).
Appears in 13 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 '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 (Insightful Corp), Loan and Security Agreement (Corillian Corp)
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 12 contracts
Samples: Loan and Security Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Comverge, Inc.), Loan Agreement (Volcano 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 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 7 contracts
Samples: Loan and Security Agreement (BioAge Labs, Inc.), Loan and Security Agreement, Loan and Security Agreement (Ooma 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 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 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 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 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 (Castelle \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 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 4 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 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 and Security 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 and Security Agreement (Acacia Communications, Inc.), Loan and Security Agreement (Acacia Communications, Inc.), Loan and Security 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 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 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 4 contracts
Samples: Loan and Security Agreement (Myomo, Inc.), Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Candel 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 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 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 (Axs One Inc), Loan and Security Agreement (Paradigm Holdings, Inc), Loan and Security Agreement (GlobalOptions Group, 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 Hundred Fifty Thousand Dollars ($100,00050,000.00).
Appears in 3 contracts
Samples: Loan and Security Agreement (Aprimo, INC), Loan and Security Agreement (NMS Communications Corp), Loan and Security Agreement (Art Technology 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 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 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 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 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 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 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 and Security Agreement (Nanosys Inc), Loan and Security Agreement (Archemix 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 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 3 contracts
Samples: Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.)
Inventory; Returns. Keep Borrower will keep all material 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 2 contracts
Samples: Loan and Security Agreement (Optio Software Inc), Loan and Security Agreement (Optio Software 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).
Appears in 2 contracts
Samples: Loan and Security Agreement (Tenaya Therapeutics, Inc.), Loan and Security Agreement (Savara 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 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 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 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 2 contracts
Samples: Loan and Security Agreement (Zars Inc/Ut), Loan and Security Agreement (Advanced Power Technology 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 DateDate or as modified from time to time with notice thereof to Bank. Borrower must promptly notify Bank of all returns, recoveries, disputes and written claims that involve more than One Hundred Thousand Dollars ($100,000100,000.00).
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Alimera 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 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 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 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 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 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 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 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 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 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 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 practices, as they exist at the Effective Dateexecution of this Agreement. Borrower must promptly notify Bank of all returnsreturns (other than products returned in conjunction with product upgrades), recoveries, disputes and claims that involve more than One Hundred Thousand Dollars $250,000 in the aggregate in any twelve ($100,000)12) month period.
Appears in 2 contracts
Samples: Loan and Security Agreement (Netlogic Microsystems Inc), Loan and Security Agreement (Netlogic Microsystems 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.)
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 and Security Agreement (Cyoptics Inc), Loan and Security Agreement (Cyoptics Inc)
Inventory; Returns. Keep Borrower will keep all Inventory in good and marketable condition, free from form 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 2 contracts
Samples: Loan and Security Agreement (Cosine Communications Inc), Loan and Security Agreement (Cosine Communications 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)500,000.
Appears in 2 contracts
Samples: Loan and Security Agreement (Saba Software Inc), Loan and Security Agreement (Saba Software 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 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 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: Term Loan and Security Agreement (Meru Networks Inc), Term Loan and Security Agreement (Meru Networks 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 that involve more than One Hundred Thousand Dollars ($100,000)50,000.
Appears in 2 contracts
Samples: Loan and Security Agreement (Transoma Medical Inc), Loan and Security Agreement (Endocardial Solutions 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 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 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 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 Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, 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: Term Loan and Security Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (Cavium Networks)
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 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 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: Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Contingent Convertible Debt Agreement (Achieve 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 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 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)300,000, excluding distributor stock rotation.
Appears in 2 contracts
Samples: Loan and Security Agreement (California Micro Devices Corp), Loan and Security Agreement (California Micro Devices 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 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 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 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 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 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 Borrowers 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 2 contracts
Samples: Loan and Security Agreement (Zefer Corp), Loan and Security Agreement (Actuate Software Corp)
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 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 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 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
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
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
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 the Agent, with a copy to each Lender, of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).
Appears in 1 contract
Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects, ordinary wear and tear excepted. 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 1 contract
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 shall 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 1 contract
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
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
Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between the Borrower and its Account Debtors account debtors shall follow the Borrower’s customary practices as they exist at the Effective Date. The Borrower must promptly notify Bank the Agent of all returns, recoveries, disputes and claims that involve more than One Three Hundred Thousand Dollars ($100,000300,000).
Appears in 1 contract
Samples: 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 promptly notify Bank of all returns, recoveries, disputes and claims relating to Inventory (excluding any returns under distributor stock retention arrangements in the ordinary course of business) that involve more than One Two Hundred Thousand Dollars ($100,000200,000).
Appears in 1 contract
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 in the Effective Dateordinary course. Borrower must shall promptly notify Bank of all returns, recoveries, disputes disputes, and claims that involve more than One Hundred Thousand Dollars ($100,000)150,000.00.
Appears in 1 contract
Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower Borrowers and its Account Debtors shall follow Borrower’s Borrowers’ 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 Hundred Fifty Thousand Dollars ($100,00050,000).
Appears in 1 contract
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), provided that Borrower shall not be required to notify Bank of any returns of Inventory that involve exchanges or replacements.
Appears in 1 contract
Inventory; Returns. Keep Borrower shall 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 disputes, and claims that involve more than One Hundred Thousand Dollars ($100,000).
Appears in 1 contract
Samples: Credit and Security Agreement (ScanTech AI Systems Inc.)
Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances with respect to Inventory 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 claims, in each case, with respect to Inventory, that involve more than One Five Hundred Thousand Dollars ($100,000500,000).
Appears in 1 contract
Samples: Subordinated Loan and Security Agreement (Apptio 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
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 Hundred Thousand Dollars ($100,000100,000.00).
Appears in 1 contract
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 each Lender of all returns, recoveries, disputes and claims that involve more than One Two Hundred Fifty Thousand Dollars ($100,000250,000).
Appears in 1 contract
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 ($100,000)250,000.00) in the aggregate.
Appears in 1 contract
Samples: Loan and Security Agreement (Technest 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 promptly notify Bank Lender of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).
Appears in 1 contract
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)) individually or in the aggregate in any calendar year.
Appears in 1 contract
Samples: Loan and Security Agreement (Tetraphase 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 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 (Taysha Gene Therapies, Inc.)
Inventory; Returns. Keep all finished goods Inventory for sale 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 1 contract
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 Seven Hundred Fifty Thousand Dollars ($100,000750,000).
Appears in 1 contract
Samples: Loan and Security Agreement (Peregrine Semiconductor Corp)
Inventory; Returns. Keep substantially 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 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 1 contract
Samples: Loan and Security Agreement (Ligand Pharmaceuticals Inc)