Common use of Sale and Collections Clause in Contracts

Sale and Collections. (a) Sale of inventory. So long as no default exists under any of the Obligations of this Agreement, Debtor may (a) sell inventory in the ordinary course of Debtor's business for cash or on terms customary in the trade, at prices not less than any minimum sale price shown on instruments evidencing Obligations and describing inventory, or (b) lease inventory on terms customary in the trade.

Appears in 4 contracts

Samples: General Business Security Agreement (Ziegler Companies Inc), General Business Security Agreement (Ziegler Companies Inc), General Business Security Agreement (PMC International Inc)

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Sale and Collections. (a) Sale of inventory. So long as no default exists under any of the Obligations of or this Agreement, Debtor may (a) sell inventory in the ordinary course of Debtor's ’s business for cash or on terms customary in the trade, at prices not less than any minimum sale price shown on instruments evidencing Obligations and describing inventory, or (b) lease or license inventory on terms customary in the trade.

Appears in 1 contract

Samples: General Business Security Agreement (Siboney Corp)

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