Common use of Merchantable Inventory Clause in Contracts

Merchantable Inventory. All inventory which is included in the Borrowing Base is of good and merchantable quality in all material respects.

Appears in 3 contracts

Samples: Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc)

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Merchantable Inventory. All inventory which is included in the Borrowing Base is of good and merchantable quality in all material respectsquality.

Appears in 1 contract

Samples: Credit Agreement (Pacific Lumber Co /De/)

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