Sales and Collections. Customer shall not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, Customer may in the ordinary course of its business: (i) sell any Inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iii) collect all of its Accounts.
Appears in 8 contracts
Samples: Term Loan and Security Agreement (Pioneer Drilling Co), Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Derma Sciences Inc)
Sales and Collections. Customer shall not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, Customer may in the ordinary course of its business: (i) sell any Inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iiiill) collect all of its Accounts.
Appears in 3 contracts
Samples: Loan and Security Agreement (Yp Net Inc), Loan Agreement (Yp Corp), Loan Agreement (Yp Corp)
Sales and Collections. Customer shall not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, Customer may in the ordinary course of its business: (i) sell any Inventory inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iii) collect all of its Accounts.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (DND Technologies Inc), Loan and Security Agreement (Health Fitness Corp /Mn/)
Sales and Collections. Customer shall not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, . Customer may in the ordinary course of its business: (i) sell any Inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iiiii) collect all of its Accounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Collegiate Pacific Inc)
Sales and Collections. Customer shall will not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, Customer may in the ordinary course of its business: (i) sell any Inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iii) collect all of its Accounts.
Appears in 1 contract
Samples: Credit Agreement (Stratagene Corp)
Sales and Collections. Customer shall not sell, transfer or otherwise dispose of any Collateral, except that so long as no Event of Default shall have occurred and be continuing, Customer may in the ordinary course of its business: (i) sell any Inventory normally held by Customer for sale, (ii) use or consume any materials and supplies normally held by Customer for use or consumption, and (iii) collect all of its Accounts.. (e)
Appears in 1 contract
Samples: Loan and Security Agreement (Orbit International Corp)
