Common use of Purchase of Collateral Clause in Contracts

Purchase of Collateral. Neither the Borrower nor any Guarantor has purchased any of the Collateral in a bulk transfer or in a transaction which was outside the ordinary course of the business of the seller to the Borrower or such Guarantor.

Appears in 4 contracts

Samples: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)

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Purchase of Collateral. Neither the Borrower nor any Guarantor ---------------------- has purchased any of the Collateral in a bulk transfer or in a transaction which was outside the ordinary course of the business of the seller to the Borrower or such Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Scansource Inc)

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Purchase of Collateral. Neither None of the Borrower nor Borrower, any Guarantor or any other Loan Party has purchased any of the Collateral in a bulk transfer or in a transaction which was outside the ordinary course of the business of the seller to the Borrower Borrower, such Guarantor or such Guarantorother Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Bassett Furniture Industries Inc)

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