Common use of Sale of Inventory Clause in Contracts

Sale of Inventory. So long as no default exists under any of the Obligations or 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 or license inventory on terms customary in the trade.

Appears in 2 contracts

Samples: General Business Security Agreement (Novelos Therapeutics, Inc.), General Business Security Agreement (Telkonet Inc)

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Sale of Inventory. So long as no default exists under any of the Obligations or 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 or license inventory on terms customary in the trade.

Appears in 1 contract

Samples: Lease (Ophidian Pharmaceuticals Inc)

Sale of Inventory. So long as no default exists under any of the Obligations or this Agreementagreement, Debtor may 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: Security Agreement

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Sale of Inventory. So long as no default exists under any of the Obligations 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: Unit Purchase Agreement (Argyle Security, Inc.)

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