Common use of Returned Merchandise Clause in Contracts

Returned Merchandise. Until the Bank exercises its rights to collect the accounts receivable as provided under any Security Agreement required under this Agreement, each Company may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the applicable Company or upon such other disposition of the merchandise by the debtor in accordance with that Company's instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Bank exercises its rights to collect the accounts receivable as provided under any Security security Agreement required under this Agreement, each Company Borrower may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the applicable Company Borrower or upon such other disposition of the merchandise by the debtor in accordance with that CompanyBorrower's instructions. If a credit adjustment is made with respect to any Acceptable Receivableaccount receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable accounts receivable in computing the Borrowing Base.

Returned Merchandise. Until the Bank exercises its rights to collect the accounts receivable as provided under any Security Agreement security agreement required under this Agreement, each Company the Borrower may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the applicable Company Borrower or upon such other disposition of the merchandise by the debtor in accordance according with that CompanyBorrower's instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no not longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Bank exercises its rights to collect the accounts receivable as provided under any Security Agreement security agreement required under this Agreement, each Company Borrower may continue its present policies for returned resumed merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the applicable Company Borrower or upon such other disposition of the merchandise by the debtor in accordance with that CompanyBorrower's instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.

Returned Merchandise. Until the Bank exercises its rights to collect the accounts receivable as provided under any Security Agreement security agreement required under this Agreement, each Company the Borrower may continue its present policies for returned merchandise and adjustments. Credit adjustments with respect to returned merchandise shall be made immediately upon receipt of the merchandise by the applicable Company Borrower or upon such other disposition of the merchandise by the debtor in accordance with that Companythe Borrower's instructions. If a credit adjustment is made with respect to any Acceptable Receivable, the amount of such adjustment shall no longer be included in the amount of such Acceptable Receivable in computing the Borrowing Base.