Common use of Sales Practices Clause in Contracts

Sales Practices. Sell goods on the basis of any of the --------------- following: a sale on extended terms, "dating," a ▇▇▇▇-and-hold sale, a consignment sale, a sale and return, a "guaranteed sale" (i.e., one in ---- which such Person guarantees resale by vendee or agrees to accept return of such goods), or any other sale pursuant to which such Person agrees to accept the return of goods, or to exchange the same upon the happening of any event other than failure to conform with quality specifications except where Lender first has been advised of such proposed transaction and consented thereto in writing.

Appears in 1 contract

Sources: Term Loan Agreement (CPS Systems Inc)

Sales Practices. Sell goods Goods on the basis of any of the --------------- following: a sale on extended terms, "dating," a ▇▇▇▇-and-hold sale, a consignment sale, a sale and return, a "guaranteed sale" (i.e., one in ---- which such Person Borrower guarantees resale by ---- vendee or agrees to accept return of such goodsthe Goods), or any other sale pursuant to which such Person Borrower agrees to accept the return of goodsGoods, or to exchange the same upon the happening of any event other than failure to conform with quality specifications except where Lender first has been advised of such proposed transaction and consented thereto in writing.

Appears in 1 contract

Sources: Revolver Loan and Security Agreement (CPS Systems Inc)