Common use of Rights of Debtor Clause in Contracts

Rights of Debtor. Until default, Debtor may use its inventory and goods in any lawful manner not inconsistent with this Agreement and with the terms of insurance thereon; may sell its inventory and goods in the ordinary course of business; and may use and consume any raw materials or supplies, the use and consumption of which is necessary in order to carry on Debtor's business.

Appears in 3 contracts

Sources: Distribution Agreement (Neomagic Corp), Trade Financing Agreement (Centillium Communications Inc), General Security Agreement (Neomagic Corp)