Sales of Inventory. So long as Borrower is not in default hereunder, Borrower shall have the right, in the regular course of business, to process and sell Borrower’s Inventory. A sale in the ordinary course of business shall not include a transfer in total or partial satisfaction of a debt.
Appears in 4 contracts
Sources: Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Starrett L S Co)
Sales of Inventory. So long as Borrower is not in default hereunder, Borrower shall have the right, in the regular course of business, to process and sell Borrower’s 's Inventory. A sale in the ordinary course of business shall not include a transfer in total or partial satisfaction of a debt.
Appears in 1 contract
Sources: Demand Loan and Security Agreement (Asa International LTD)