Common use of Borrowing Base Certificates Clause in Contracts

Borrowing Base Certificates. Within thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Officer of the Company on behalf of the Company; provided: (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently.

Appears in 3 contracts

Samples: Credit Agreement (Energy West Inc), Credit Agreement (Energy West Inc), Credit Agreement (Energy West Inc)

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Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Officer the Chief Financial Officer, the Corporate Controller or the Corporate Secretary of the Company on behalf of the Company; provided: Company (provided that (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time the Excess Availability under the Revolving Loans is less than Three Million Dollars ($3,000,000) or at any time an Event of Default exists, the Agent or the Required Banks may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 3 contracts

Samples: Credit Agreement (Nashua Corp), Credit Agreement (Nashua Corp), Credit Agreement (Nashua Corp)

Borrowing Base Certificates. Within As soon as available, but in any event within thirty (30) days after the close of the end of prior month during each monthFiscal Year, a Borrowing Base Certificate dated as of the end of such month and executed signed by a Responsible an Authorized Officer of the Company on behalf of Co-Borrowers. In addition, the Company; provided: (i) the Company Co-Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) to the Agent, at any time an Event of Default existsduring a calendar month, the Agent may require the Company to deliver additional Borrowing Base Certificates more frequentlyat the time of each request for a Borrowing.

Appears in 2 contracts

Samples: Agreement (DRS Technologies Inc), Credit Loan and Term Loan Agreement (DRS Technologies Inc)

Borrowing Base Certificates. Within thirty (30) 10 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month (and, from time to time as the Agent may request, a Borrowing Base Certificate dated as of a date after the date of such request) and executed by a Responsible Officer the chief financial officer or the treasurer of the Company on behalf of the Company; provided: Company (provided that (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 2 contracts

Samples: Credit Agreement (Carmax Inc), Credit Agreement (Carmax Inc)

Borrowing Base Certificates. Within thirty (30) days of the end of each monthmonth through and including December, 2000, and within twenty (20) days of the end of each month thereafter, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible the Chief Financial Officer of the Company Funds Administrator on behalf of the Company; provided: Borrowers (provided that (i) the Company Funds Administrator may deliver a Borrowing Base Certificate Certificates more frequently frequently, but regularly, if it chooses and (ii) at any time an any Event of Default exists, the Agent may require the Company Funds Administrator to deliver Borrowing Base Certificates more frequently).

Appears in 2 contracts

Samples: Credit Agreement (Thane International Inc), Credit Agreement (Thane International Inc)

Borrowing Base Certificates. Within thirty (30) 20 days of the end of each monthFiscal Month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)

Borrowing Base Certificates. Within As soon as available, but in any event no later than thirty (30) days of after the end of each monthmonth (or more frequently during the continuance of an Event of Default, upon request of Administrative Agent), a Borrowing Base Certificate dated prepared as of the end last day of such month and executed by a Responsible Officer of the Company on behalf of the Companymonth; provided: (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently.and

Appears in 2 contracts

Samples: Credit Agreement (Titan Machinery Inc.), Credit Agreement (Titan Machinery Inc.)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 2 contracts

Samples: Credit Agreement (General Finance CORP), Loan and Security Agreement (Material Sciences Corp)

Borrowing Base Certificates. Within thirty (30) days of the end of each month, a Borrowing Base Certificate Certificate, including a churn analysis, dated as of the end of such month and executed by a Responsible Senior Officer of the Company Borrower on behalf of the Company; provided: Borrower (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) provided that at any time an Event of Default existsexists and is continuing, the Agent Lender may require the Company Borrower to deliver Borrowing Base Certificates and/or aging reports more frequently).

Appears in 1 contract

Samples: Loan and Security Agreement (Mattersight Corp)

Borrowing Base Certificates. Within thirty (30) 15 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company Borrower on behalf of the Company; provided: Borrower (iprovided that (a) the Company Borrower may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Agent Lender may require the Company Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Janel Corp)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each monthFiscal Month, a Borrowing Base Certificate dated as of the end of such month Fiscal Month and executed by a Responsible Officer of the Company Designated Person on behalf of the CompanyCompany together with, if the Agent so requests, an accounts receivable aging dated as of such Fiscal Month end; provided: (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) , that at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequentlyfrequently and to deliver reconciliations, reports, certificates and other supporting documentation.

Appears in 1 contract

Samples: Credit Agreement (Fargo Electronics Inc)

Borrowing Base Certificates. Within thirty (30) 15 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company Borrower on behalf of the Company; provided: Borrower (iprovided that (a) the Company Borrower may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (American Railcar Industries, Inc.)

Borrowing Base Certificates. Within thirty (30) days 15 Business Days of the end of each monthfour-week accounting period, a Borrowing Base Certificate dated as of the end of such month period and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Fresh Brands Inc)

Borrowing Base Certificates. Within thirty (30) 10 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (KapStone Paper & Packaging CORP)

Borrowing Base Certificates. Within thirty (30) 45 days of the end of each calendar month, a Borrowing Base Certificate dated as of the end of each such calendar month and executed by a Responsible the Chief Financial Officer or the Controller of the Company on behalf of the Company; provided: Company (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) provided that at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Fourth Amended and Restated Credit Agreement (Penske Automotive Group, Inc.)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate Certificate, in form reasonably satisfactory to the Agents, dated as of the end of such month and executed by a Responsible Officer of the Company Parent on behalf of the Company; provided: Borrowers (PROVIDED that (i) the Company Parent may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent Agents may require the Company Parent to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Rohn Industries Inc)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company each Borrower on behalf of the Company; provided: such Borrower (iprovided that (a) the Company Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses they choose and (iib) at any time an Event of Default existsexists and has not been waived in accordance with Section 14.1, the Agent Lender may require the Company Borrowers to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods Inc)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible the Chief Financial Officer or the Treasurer of the Company on behalf of the Company; provided: Company (provided that (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Compudyne Corp)

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Borrowing Base Certificates. Within thirty (30) 30 days of the end of each monthFiscal Month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Officer of the Company Designated Person on behalf of the Company; provided: (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) provided that at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently.

Appears in 1 contract

Samples: Credit Agreement (Fargo Electronics Inc)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible the Chief Financial Officer of the Company Borrower Representative on behalf of the Company; provided: each Borrower (provided that (i) the Company Borrower Representative may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company Borrower Representative to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Reinhold Industries Inc/De/)

Borrowing Base Certificates. Within thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company together with a lease receivable aging (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Agent or any Lender may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Winmark Corp)

Borrowing Base Certificates. Within thirty (30) 20 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company Co-Borrowers on behalf of the Company; providedCo-Borrowers, together with summaries of all of the following reports: (i) receivables schedules, collection and agings of accounts receivable and accounts payable, inventory reports and such other material reports, records or information as the Company Administrative Agent from time to time may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequentlyreasonably request.

Appears in 1 contract

Samples: Credit Agreement (FreightCar America, Inc.)

Borrowing Base Certificates. Within thirty fifteen (3015) days of the end of each monthmonth (provided that the number of days shall be thirty (30) until March 30, 2007), a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company Borrower on behalf of the Company; provided: Borrower (iprovided that (a) the Company Borrower may deliver a Borrowing Base Certificate more frequently if it chooses chooses, and (iib) at any time an Event of Default exists, the Administrative Agent may may, in its sole discretion, require the Company Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Net Perceptions Inc)

Borrowing Base Certificates. Within thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Agent or any Lender may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Revolving Credit Agreement (Winmark Corp)

Borrowing Base Certificates. Within thirty (30) days 10 Business Days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company each Borrower on behalf of the Company; provided: Borrowers (iprovided that (a) the Company Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Administrative Agent may require the Company Borrowers to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (MPW Industrial Services Group Inc)

Borrowing Base Certificates. Within thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company on behalf of the Company; provided: Company (iprovided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Agent Lender may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Winmark Corp)

Borrowing Base Certificates. Within thirty (30) days ten Business Days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible the Chief Financial Officer of the Company on behalf of the Company; provided: Company (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) provided that, at any -------- time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (U S Aggregates Inc)

Borrowing Base Certificates. Within thirty (30) 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible Senior Officer of the Company Borrower on behalf of the Company; provided: Borrower (iprovided that (a) the Company Borrower may deliver a Borrowing Base Certificate more frequently if it chooses and (iib) at any time an Event of Default exists, the Agent Lender may require the Company Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Samples: Credit Agreement (Janel Corp)

Borrowing Base Certificates. Within thirty (30) 15 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Responsible the Chief Financial Officer of the Company on behalf of the Company; provided: Company (provided that (i) the Company may deliver a Borrowing Base Certificate more frequently if it chooses and (ii) at any time an Event of Default exists, the Agent may require the Company to deliver Borrowing Base Certificates more frequently), together with monthly accounts payable reports, Accounts Receivable reports and inventory listings, in form and substance acceptable to Agent.

Appears in 1 contract

Samples: Credit Agreement (Global Technovations Inc)

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