Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation.
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Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims by its account debtors that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Dpac Technologies Corp)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than Five Million Dollars ($100,000, excluding distributor stock rotation5,000,000).
Appears in 1 contract
Samples: Loan and Security Agreement (Callidus Software Inc)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. , Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will shall follow Borrower's ’s customary practices as they exist at execution of this Agreementthe Effective Date. Borrower must promptly notify Bank Lenders of all returns, recoveries, disputes and claims, that which involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Loan and Security Agreement (TorreyPines Therapeutics, Inc.)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Onyx Software Corp/Wa)
Inventory; Returns. Borrower Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between each Borrower and its account debtors will follow such Borrower's ’s customary practices as they exist at execution of this Agreementthe Effective Date. Borrower Borrowers must promptly notify Bank Agent of all returns, recoveries, disputes and claims, net of credits from suppliers, that involve more than $100,000, excluding distributor stock rotation.
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Inventory; Returns. Borrower will shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will shall follow Borrower's ’s customary practices as they exist at execution of this Agreementthe Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims, that involve more than Five Hundred Thousand Dollars ($100,000, excluding distributor stock rotation500,000.00).
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, . disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Zynex Medical Holdings Inc)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation750,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and arid allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow be in accordance with Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Samples: Loan and Security Agreement (North American Scientific Inc)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that would be likely to involve a loss or return of more than $100,000, excluding distributor stock rotation200,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Plumtree Software Inc)
Inventory; Returns. Borrower will keep Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between a Borrower and its account debtors will Account Debtors shall follow Borrower's such Borrower s customary practices as they exist at execution of this Agreementthe Closing Date. Borrower must Representative shall promptly notify Bank Agent of all returns, recoveries, disputes and claims, claims that involve more than Two Hundred Fifty Thousand Dollars ($100,000, excluding distributor stock rotation250,000.00).
Appears in 1 contract
Samples: Loan and Security Agreement (Allurion Technologies Holdings, Inc.)
Inventory; Returns. Borrower will keep all Inventory in good and marketable ------------------ condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreementthe Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Exodus Communications Inc)
Inventory; Returns. Borrower Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower Borrowers and its their account debtors will follow Borrower's Borrowers’ customary practices as they exist at execution of this Agreement. Borrower Borrowers must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)
Inventory; Returns. Borrower Borrowers will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its account debtors will follow Borrower's Borrowers' customary practices as they exist at execution of this Agreement. Borrower Borrowers must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotationoccur after the occurrence and during the continuance of an Event of Default.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary customary, practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns Returns, concessions and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all any returns, concessions, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation1,000,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation200,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Occam Networks Inc/De)
Inventory; Returns. Borrower will shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will shall follow Borrower's ’s customary practices as they exist at execution of this Agreementthe Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims, that which involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotationany returns from distributors of unprogrammed Inventory which involve less than $500,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Quicklogic Corporation)
Inventory; Returns. Borrower will shall keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will shall follow Borrower's ’s customary practices as they exist at execution of this Agreementthe Closing Date. Borrower must promptly notify Bank Agent of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation250,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000 on a joint basis for all Borrowers.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank when the aggregate value of all returns, recoveries, disputes and claims, that involve claims with respect to a single customer involves more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, claims that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Inventory; Returns. Each Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its account debtors will follow such Borrower's customary practices in all material respects as they exist at execution of this Agreement. Borrower Borrowers must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank when the aggregate value of all returns, recoveries, disputes and claims, that involve claims with respect to a single customer involves more than $100,000, excluding distributor stock rotation200,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreementpractices. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation250,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its account debtors will shall follow Borrower's Borrowers’ customary practices as they exist at execution of this Agreementpractices. Borrower Borrowers must promptly notify Bank Agent of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation250,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory Inventory, if any, in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation50,000.
Appears in 1 contract
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify Bank of all credit only returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation1,000,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Silicon Storage Technology Inc)
Inventory; Returns. Borrower will keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower's ’s customary practices as they exist at execution of this Agreementpractices. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims, that involve more than $100,000, excluding distributor stock rotation.
Appears in 1 contract
Samples: Loan and Security Agreement (Threshold Pharmaceuticals Inc)