Common use of Rights of Return Clause in Contracts

Rights of Return. Except as set forth on Schedule 6(r), none of Seller and its subsidiaries has sold any inventory of the Business which the purchaser thereof has the right to return to Seller or any subsidiary or cause the seller thereof to repurchase for any reason except (i) pursuant to the customary express warranties of Seller or the relevant subsidiary, as the case may be, for product quality or mistake in shipment or implied warranties at law for title and against infringement, (ii) to the extent the same will be reflected in reserves on the Audited Balance Sheet or (iii) for inventory having a value not exceeding $50,000 individually or $250,000 in the aggregate.