Common use of Sale of Inventory Clause in Contracts

Sale of Inventory. Prior to the occurrence of a Default, the Debtor may, to the extent permitted hereunder or as permitted in the Credit Agreement, in the ordinary course of its business and on customary trade terms, lease or sell items of Inventory, so that the purchaser thereof takes title clear of the security interest hereby created. If such sale or lease results in an Account Receivable, such Account Receivable shall be subject to the security interest hereby created.

Sale of Inventory. Prior to the occurrence of a Default, the Debtor may, to the extent permitted hereunder or as permitted in the Credit Agreement, in the ordinary course of its business and on customary trade terms, lease or sell items of Inventory, so that the purchaser thereof takes title clear of the security interest hereby created. If such sale or lease results in an Account Receivable, such Account Receivable shall be subject to the security interest hereby created.

Sale of Inventory. Prior to the occurrence of a Default, the Debtor may, to the extent permitted hereunder or as permitted in the Credit Agreement, in the ordinary course of its business and on customary trade terms, lease or sell items of Inventoryinventory, so that the purchaser thereof takes title clear of the security interest hereby created. If such sale or lease results in an Account Receivable, such Account Receivable shall be subject to the security interest hereby created.