Common use of INVENTORY QUALITY Clause in Contracts

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).

Appears in 2 contracts

Sources: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Shopko Stores Inc)