Common use of Use of Inventory and Equipment Clause in Contracts

Use of Inventory and Equipment. Until an Event of Default shall occur, Pledgor may (a) retain possession of and use its Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms, conditions, or provisions of any policy of insurance thereon; (b) sell or lease its Inventory in the ordinary course of business; provided, however, that a sale or lease in the ordinary course of business does not include a transfer in partial or total satisfaction of any indebtedness, except for transfers in satisfaction of partial or total purchase money prepayments by a buyer in the ordinary course of Pledgor's business; and (c) use and consume raw materials or supplies, the use and consumption of which are necessary in order to carry on Pledgor's business.

Use of Inventory and Equipment. Until an any Event of Default shall occur, Pledgor may Borrowers may: (a) retain possession of and use its their Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms, conditions, or provisions of any policy of insurance thereon; (b) sell or lease its their Inventory in the ordinary course of business; provided, however, that a sale or lease in the ordinary course of business does not include a transfer in partial or total satisfaction of any indebtednessan Indebtedness, except for transfers in satisfaction of partial or total purchase money prepayments by a buyer in the ordinary course of Pledgor's Borrowers' business; and (c) also use and consume any raw materials or supplies, the use and consumption of which are necessary in order to carry on Pledgor's Borrowers' business.

Use of Inventory and Equipment. Until an Event of Default shall occur, Pledgor may (a) retain possession of and use its Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms, conditions, or provisions of any policy of insurance thereon; (b) sell or lease its Inventory in the ordinary course of business; provided, however, that a sale or lease in the ordinary course of business does not include a transfer in partial or total satisfaction of any indebtedness, except for transfers in satisfaction of partial or total purchase money prepayments by a buyer in the ordinary course of PledgorXxxxxxx's business; and (c) use and consume raw materials or supplies, the use and consumption of which are necessary in order to carry on Pledgor's business.

Use of Inventory and Equipment. Until an Event of any Default shall occur, Pledgor may occur hereunder: (a) Pledgor may retain possession of and use its Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms, conditions, or provisions of any policy of insurance thereon; (b) Pledgor may sell or lease its Inventory in the ordinary course of business; provided, however, that a sale or lease in the ordinary course of business does not include a transfer in partial or total satisfaction of any an indebtedness, except for transfers in satisfaction of partial or total purchase money prepayments by a buyer in the ordinary course of Pledgor's business; and (c) Pledgor may also use and consume any raw materials or supplies, the use and consumption of which are necessary in order to carry on Pledgor's business.