Use of Inventory Collateral. (a) No Loan Party shall engage in any of the following with respect to its Inventory: (i) Any sale other than for fair consideration in the conduct of the Loan Parties’ business in the ordinary course. (ii) Sales or other dispositions to creditors. (iii) Sales or other dispositions in bulk. (iv) Sales of any Collateral in breach of any provision of this Agreement. (b) No sale of Inventory shall be on consignment, approval, or under any other circumstances such that, with the exception of the Loan Parties’ customary return policy applicable to the return of Inventory purchased by the Loan Parties’ retail customers in the ordinary course, such Inventory may be returned to a Loan Party without the consent of the Administrative Agent.
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Sources: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)
Use of Inventory Collateral. (a) No Loan Party shall engage in any of the following with respect to its Inventory:
(i) Any sale other than for fair consideration in the conduct of the Loan Parties’ ' business in the ordinary course.
(ii) Sales or other dispositions to creditors.
(iii) Sales or other dispositions in bulkbulk .
(iv) Sales of any Collateral in breach of any provision of this Agreement.
(b) No sale of Inventory shall be on consignment, approval, or under any other circumstances such that, with the exception of the Loan Parties’ ' customary return policy applicable to the return of Inventory inventory purchased by the Loan Parties’ ' retail customers in the ordinary course, such Inventory may be returned to a Loan Party without the consent of the Administrative Agent.
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