Common use of Resale Inventory Clause in Contracts

Resale Inventory. The resale inventory of the Seller consists of goods which, in the aggregate, are merchantable, are fit for the purposes for which they were procured and are held by the Seller, are usable in the ordinary course of the Seller's business and are not obsolete.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Rentx Industries Inc), Asset Purchase Agreement (Rentx Industries Inc), Asset Purchase Agreement (Rentx Industries Inc)

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Resale Inventory. The resale inventory of the Seller Company consists of goods which, in the aggregate, are merchantable, are fit for the purposes for which they were procured and are held by the SellerCompany, are usable in the ordinary course of the SellerCompany's business and are not obsolete.

Appears in 2 contracts

Samples: Purchase Agreement (Rentx Industries Inc), Purchase Agreement (Rentx Industries Inc)

Resale Inventory. The resale inventory of the Seller and the Corporation consists of goods which, in the aggregate, are merchantable, are fit for the purposes for which they were procured and are held by the SellerSeller or the Corporation, are usable in the ordinary course of the Seller's or the Corporation's business and are not obsolete.

Appears in 1 contract

Samples: Purchase Agreement (Rentx Industries Inc)

Resale Inventory. The resale inventory of the each Seller consists of goods which, in the aggregate, are merchantable, are fit for the purposes for which they were procured and are held by the such Seller, are usable in the ordinary course of the such Seller's business and are not obsolete.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rentx Industries Inc)

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Resale Inventory. The resale inventory of the Seller Company consists of goods which, in the aggregate, are merchantable, are fit for the purposes for which they were procured and are held by the SellerCompany, are usable in the ordinary course of the SellerCompany's business and are not obsolete, except for certain items of paper products which constitute dated material.

Appears in 1 contract

Samples: Purchase Agreement (Rentx Industries Inc)

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