Common use of Inventory; Returns Clause in Contracts

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 63 contracts

Samples: Loan and Security Agreement (Anda Networks Inc), Loan Agreement (Advanced Technology Materials Inc /De/), Loan and Security Agreement (Symbollon Corp)

AutoNDA by SimpleDocs

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as allowances between Borrower and its account debtors shall be on the same basis and in accordance with the usual follow Borrower's customary practices of Borrower, as they exist at the time of the execution and delivery of this AgreementClosing Date. Borrower shall must promptly notify Bank of all returns and recoveries and of all returns, recoveries, disputes and claims, where the return, recovery, dispute or claim involves claims that involve more than Fifty Thousand Dollars ($50,00050,000.00).

Appears in 15 contracts

Samples: Loan and Security Agreement (Genzyme Transgenics Corp), Loan and Security Agreement (Onesource Information Services Inc), Loan and Security Agreement (Speechworks International Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and ------------------ marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 14 contracts

Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Copper Mountain Networks Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 6 contracts

Samples: Loan and Security Agreement (Innerdyne Inc), Loan and Security Agreement (Infoseek Corp), Loan and Security Agreement (Bluestone Software Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000)50,000.00.

Appears in 5 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Harmonic Lightwaves Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000)100,000.00.

Appears in 5 contracts

Samples: Loan and Security Agreement (Imanage Inc), August 1999 Loan Modification Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)

Inventory; Returns. Borrower shall keep all Inventory in good ------------------ and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 5 contracts

Samples: Loan and Security Agreement (Inktomi Corp), Loan Agreement (Ultradata Corp), Loan and Security Agreement (Jetfax Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Two Hundred Thousand Dollars ($50,000200,000).

Appears in 3 contracts

Samples: Asset Purchase Agreement (Ross Technology Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Headway Technologies Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Two Hundred Fifty Thousand Dollars ($50,000250,000).

Appears in 3 contracts

Samples: Loan and Security Agreement (Cardiac Pathways Corp), Loan and Security Agreement (Laserscope), Loan and Security Agreement (Photon Dynamics Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars *** ($50,000$ *** ).

Appears in 2 contracts

Samples: Loan and Security Agreement (Vista Medical Technologies Inc), Loan and Security Agreement (Vista Medical Technologies Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Agreement Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Maker Communications Inc), Loan and Security Agreement (Maker Communications Inc)

Inventory; Returns. Borrower shall keep all Inventory inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Va Linux Systems Inc), Revolving Credit and Term (Motorvac Technologies Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries of inventory and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Pharmaprint Inc)

Inventory; Returns. Borrower shall keep all Inventory inventory in good and ------------------ marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the from time of the execution and delivery of this Agreementto time. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan Modification Agreement (Orapharma Inc)

Inventory; Returns. Borrower Borrowers shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower Borrowers and its their account debtors shall be on the same basis and in accordance with the usual customary practices of BorrowerBorrowers, as they exist at the time of the execution and delivery of this Agreement. Borrower Borrowers shall promptly notify the Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable conditioncondition in all material respects, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank Servicing Agent of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Inventory; Returns. Borrower shall keep all Inventory in good and ------------------ marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000)100,000.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Gaming Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the any return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Vidamed Inc)

Inventory; Returns. Borrower Borrowers shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between any Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of BorrowerBorrowers, as they exist at the time of the execution and delivery of this Agreement. Borrower Borrowers shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Simione Central Holdings Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000)100,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Focus Enhancements Inc)

Inventory; Returns. Borrower shall keep all Inventory in good ------------------ and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).. 6.5

Appears in 1 contract

Samples: Loan and Security Agreement (Manhattan Associates Inc)

Inventory; Returns. Borrower shall keep all Inventory in good ------------------ and marketable condition, free from all material defects, subject to normal wear and tear. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan Modification Agreement (Interwoven Inc)

Inventory; Returns. Borrower shall keep all Inventory in ------------------ good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Thermatrix Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank Servicing Agent of all returns and recoveries and of all disputes and claims, where the return, " recovery, dispute or claim involves more than Fifty Thousand Two Million Dollars ($50,0002,000,000).

Appears in 1 contract

Samples: Loan Agreement (Intevac Inc)

Inventory; Returns. Each Borrower shall keep all Inventory in ------------------ good and marketable condition, free from all material defects. Returns and allowances, if any, as between a Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of such Borrower, as they exist at the time of the execution and delivery of this Agreement. Each Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (SQL Financials International Inc /De)

Inventory; Returns. Each Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between each Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of such Borrower, as they exist at the time of the execution and delivery of this Agreement. Each Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Spectranetics Corp)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower Borrowers and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Opus360 Corp)

AutoNDA by SimpleDocs

Inventory; Returns. Borrower Borrowers shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower Borrowers and its account debtors shall be on the same basis and in accordance with the usual customary practices of BorrowerBorrowers, as they exist at the time of the execution and delivery of this Agreement. Borrower Borrowers shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Isky Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and Ream xxx allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Synchronicity Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from from. all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Invision Technologies Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).. 6.5

Appears in 1 contract

Samples: Loan and Security Agreement (Consilium Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and ---- ------------------ marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors Account Debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand One Million Dollars ($50,0001,000,000.00).

Appears in 1 contract

Samples: Credit and Security Agreement (Ikos Systems Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank Servicing Agent of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Two Million Dollars ($50,0002,000,000).

Appears in 1 contract

Samples: Loan Agreement (Centigram Communications Corp)

Inventory; Returns. Borrower shall keep all Inventory in ------------------ good and marketable condition, free from all material defects. Returns and allowancesallowance, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Onsale Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Five Hundred Thousand Dollars ($50,000500,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Tripath Imaging Inc)

Inventory; Returns. Borrower shall keep all its Inventory in good and ------------------ marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Verisity LTD)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Two Hundred and Fifty Thousand Dollars ($50,000250,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Brio Technology Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand and No/100 Dollars ($50,00050,000.00).

Appears in 1 contract

Samples: Loan and Security Agreement (Objectspace Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and ----------------- marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Matrixone Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than One Hundred Fifty Thousand Dollars ($50,000150,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Silknet Software Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns Servicing Agent and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty One Hundred Thousand Dollars ($50,000100,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Packaging Assembly Corp)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Jetfax Inc)

Inventory; Returns. Borrower shall keep all Inventory in good and marketable condition, free from all material defects. Returns and allowances, if any, as between Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at the time of the execution and delivery of this Agreement. Borrower shall promptly notify Bank of all returns and recoveries which exceed and of all disputes and claims, where the return, recovery, dispute or claim involves more than Fifty Two Hundred Thousand Dollars ($50,000200,000).

Appears in 1 contract

Samples: Asset Purchase Agreement (Ross Technology Inc)

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