Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 143 contracts
Samples: Loan and Security Agreement (Ammo, Inc.), Loan and Security Agreement (Zedge, Inc.), Loan and Security Agreement (6d Bytes Inc.)
Merchantable Inventory. All Inventory is in all material ---------------------- respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 11 contracts
Samples: Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Thermatrix Inc), Loan and Security Agreement (Evolving Systems Inc)
Merchantable Inventory. All Inventory is in all material respects ---------------------- of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 8 contracts
Samples: Loan and Security Agreement (Curon Medical Inc), Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Jetfax Inc)
Merchantable Inventory. All Inventory is in all material respects of ---------------------- good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 5 contracts
Samples: Loan and Security Agreement (C-Bridge Internet Solutions Inc), Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Audible Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been mademade in accordance with GAAP.
Appears in 4 contracts
Samples: Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 3 contracts
Samples: Loan and Security Agreement (Vaughan Foods, Inc.), Loan and Security Agreement (Sonic Solutions/Ca/), Third Party Security Agreement (Sonic Solutions/Ca/)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defectsdefects (ordinary wear and tear excepted), except for Inventory for which adequate reserves have been made.
Appears in 3 contracts
Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)
Merchantable Inventory. All Inventory is in all material respects ---------------------- of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 3 contracts
Samples: Loan and Security Agreement (Pointshare Corp), Loan and Security Agreement (Egain Communications Corp), Loan and Security Agreement (Loudeye Technologies Inc)
Merchantable Inventory. All Inventory Inventory, if any, is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 2 contracts
Samples: Loan and Security Agreement (MR2 Group, Inc.), Loan Agreement (MR2 Group, Inc.)
Merchantable Inventory. All material Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 2 contracts
Samples: Loan Agreement (Evolving Systems Inc), Loan and Security Agreement (Evolving Systems Inc)
Merchantable Inventory. All Taking into consideration the industry in which Borrowers operate, all Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 2 contracts
Samples: Loan and Security Agreement (Latch, Inc.), Loan and Security Agreement (ThredUp Inc.)
Merchantable Inventory. All Inventory is in all material respects aspects of --- ---------------------- good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement, Revolving Credit and Security Agreement (Ikos Systems Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except subject to recorded reserves for Inventory for which adequate reserves have been madeobsolete inventory.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects ---------------------- of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been mademade in accordance with GAAP.
Appears in 1 contract
Samples: Loan Agreement (Logicvision Inc)
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.. {1231766:}
Appears in 1 contract
Merchantable Inventory. All Inventory (less reserves) is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Samples: Loan Agreement (Tripath Imaging Inc)
Merchantable Inventory. All Inventory is in all material respects of ---- ----------------------- good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Samples: Loan and Security Agreement (Seachange International Inc)
Merchantable Inventory. All material Inventory is in all material respects of good and marketable quality, quality free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made, provided, however, that work-in-process is not of marketable quality.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, less ordinary wear and tear, free from all known material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Samples: Loan and Security Agreement (Bridgeline Digital, Inc.)
Merchantable Inventory. All Inventory is in all material respects of ---------------------- good and marketable quality, taken as a whole, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Merchantable Inventory. All Except as disclosed in the Schedule, all Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been mademade and/or obsolete Inventory.
Appears in 1 contract
Samples: Loan and Security Agreement (Optex Systems Holdings Inc)
Merchantable Inventory. All Inventory is in all material ---------------------- respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Appears in 1 contract
