Sale of Inventory. Until an Unmatured Event of Default or Event of Default has occurred, Borrower may sell Inventory in the ordinary course of business, but may not transfer any Inventory in partial or total satisfaction of any of the Indebtedness. In no event shall Borrower make any sale of Inventory which would violate the terms and provisions of the Loan Agreement and the Other Agreements.
Appears in 3 contracts
Samples: Loan and Security Agreement (Better Choice Co Inc.), Loan and Security Agreement (Total Apparel Group , Inc.), Loan and Security Agreement (United American Healthcare Corp)
Sale of Inventory. Until an Unmatured Event of Default or Event of Default has occurred, Borrower Borrowers may sell Inventory in the ordinary course of business, but may not transfer any Inventory in partial or total satisfaction of any of the Indebtedness. In no event shall Borrower Borrowers make any sale of Inventory which would violate the terms and provisions of the Loan Agreement and the Other Agreements.
Appears in 1 contract
Samples: Loan and Security Agreement (Vita Food Products Inc)
Sale of Inventory. Until an Unmatured Event of Default or Event of Default has occurredDefault, Borrower may sell Inventory in the ordinary course of business, but may its business (which does not include a transfer any Inventory in partial or total satisfaction of any of the Indebtedness). In no event shall Borrower make any sale of Inventory which would violate the terms and provisions cause a breach of the Loan Agreement and the Other AgreementsSection 8.1.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)
