Sale of Inventory. Until an Event of Default occurs, Borrower may sell Inventory in the ordinary course of its business (which does not include a transfer in partial or total satisfaction of indebtedness).
Appears in 2 contracts
Samples: Loan and Security Agreement (Broadwind Energy, Inc.), Loan and Security Agreement (Broadwind Energy, Inc.)
Sale of Inventory. Until an Event of Unless a Default occurs, each Borrower may sell Inventory in the ordinary course of its business (which does not include a transfer in partial or total satisfaction of indebtednessIndebtedness).
Appears in 1 contract
Samples: Loan and Security Agreement (Vita Food Products Inc)
Sale of Inventory. Until an Event Given the continuation of Default occursmultiple Events of Default, Borrower may sell Inventory in the ordinary course of its business (which does not include a transfer in partial or total satisfaction of indebtednessIndebtedness), provided that all proceeds from sales of Inventory are promptly paid to Lender until such time as all Liabilities are paid.
Appears in 1 contract
Sale of Inventory. Until an Event of Default occurs, Borrower may sell Inventory inventory in the ordinary course of its business (which does not include a transfer in partial or total satisfaction of indebtednessa debt or other obligation).
Appears in 1 contract
Samples: Loan Agreement (Conversion Technologies International Inc)
