Use of Inventory. Until the happening of an Event of Default, Debtor ---------------- may use the Inventory in any lawful manner not inconsistent with this Agreement or with the terms or conditions of any policy of insurance thereon and may also sell, lease or consume the Inventory in the ordinary course of business. A sale in the ordinary course of business does not include a bulk transfer or a transfer as security for or in partial or total satisfaction of a debt.
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Samples: Loan and Security Agreement (Information Management Associates Inc), Loan and Security Agreement (Command Systems Inc)
Use of Inventory. Until the happening occurrence of an Event of DefaultDefault by Borrower hereunder, Debtor ---------------- Borrower may use the Inventory in any lawful manner not inconsistent with this Agreement Agreement, or with the terms or conditions of any policy of insurance thereon and may also sell, lease or consume otherwise dispose of the Inventory in the ordinary course of business. A sale in the ordinary course of business does not include a bulk transfer or a transfer as security for or in partial or total satisfaction of a debt.
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Samples: Line of Credit Loan and Security Agreement (Borough Corp)
Use of Inventory. Until the happening occurrence of an Event of DefaultDefault by Borrowers hereunder, Debtor ---------------- Borrowers may use the Inventory in any lawful manner not inconsistent with this Agreement Agreement, or with the terms or conditions of any policy of insurance thereon and may also sell, lease or consume otherwise dispose of the Inventory in the ordinary course of business. A sale in the ordinary course of business does not include a bulk transfer or a transfer as security for or in partial or total satisfaction of a debt.
Appears in 1 contract
Samples: Line of Credit Loan and Security Agreement (Hand Brand Distribution Inc)
Use of Inventory. Until the happening of an Event of Default, ---------------- Debtor ---------------- may use the Inventory in any lawful manner not inconsistent with this Agreement or with the terms or conditions of any policy of insurance thereon and may also sell, lease or consume the Inventory in the ordinary course of business. A sale in the ordinary course of business does not include a bulk transfer or a transfer as security for or on in partial or total satisfaction of a debt.
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