INVENTORY QUALITY Sample Clauses
The INVENTORY QUALITY clause sets standards for the condition and suitability of goods or materials provided under a contract. It typically requires that all inventory delivered meets specified quality benchmarks, is free from defects, and conforms to agreed-upon specifications or industry norms. For example, in a supply agreement, this clause ensures that products are not expired, damaged, or substandard upon delivery. Its core function is to protect the buyer by ensuring they receive inventory that is fit for its intended purpose, thereby reducing disputes and the risk of receiving unusable or inferior goods.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by the Borrower is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances).
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by each Loan Party is and will be of good and merchantable quality, consistent with past practices.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by a Loan Party is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances), other than Inventory owned or acquired for outlet stores, which in the ordinary course sell manufacturer’s overruns, discontinued lines, and irregulars.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by each Credit Party and at the time included in the Borrowing Base is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances).
INVENTORY QUALITY. All Inventory included in the calculation of the Borrowing Base now owned or hereafter acquired by the Borrower is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances).
INVENTORY QUALITY. All Inventory now owned or hereafter acquired ----------------- by the Borrower is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances). No tangible personal property of the Borrower is or will be stored or entrusted with a bailee or other third party, except as required in the ordinary course of the Borrower's business with prior notice to the Lender.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by the Borrower is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances), other than Inventory owned or acquired for the Levi's Outlet By Designs Stores, which in the ordinary course sells manufacturer's overruns, discontinued lines, and irregulars purchased directly from Levi ▇▇▇▇▇▇▇ & Company.
INVENTORY QUALITY. Sellers' Net Inventory to be acquired hereunder by Buyer will meet the applicable PGP and RGP specifications attached hereto and incorporated herein by this reference as Schedules 4.01(p)(A) and 4.01(p)(B), respectively.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by any Principal Borrower is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances). No tangible personal property of any Principal Borrower is or will be stored or entrusted with a bailee or other third party.
INVENTORY QUALITY. All Inventory now owned or hereafter acquired by the Guarantor is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances).