Common use of Borrowing Base Reporting Clause in Contracts

Borrowing Base Reporting. Deliver to Agent (i) on or before the twentieth (20th) day of each month as and for the prior month (a) accounts receivable agings inclusive of reconciliations to the general ledger, (b) accounts payable schedules inclusive of reconciliations to the general ledger, (c) Inventory reports, and (d) a Borrowing Base Certificate (which shall be calculated as of the last day of the prior month); provided that, during any Reporting Trigger Period, the Borrowing Agent will deliver to Agent (x) a Borrowing Base Certificate for the week most recently ended, within three (3) Business Days after the end of each calendar week, which weekly Borrowing Base Certificate shall consist of a roll-forward of Receivables by reporting weekly sales, cash collections and credits; provided that figures for Inventory included in such certificate may be based on the immediately prior month during any Reporting Trigger Period and (y) at such intervals as Agent may reasonably require during a Reporting Trigger Period, but no more frequently than weekly Borrowing Base Certificates are required to be delivered pursuant to clause (x) above: (i) confirmatory assignment schedules; (ii) copies of Customer's invoices; (iii) evidence of shipment or delivery; and (iv) such further schedules, documents and/or information regarding the Collateral as Agent may require including trial balances and test verifications. Unless otherwise agreed to by Agent, the items to be provided under this Section 9.2 shall be delivered to Agent by the specific method of Approved Electronic Communication designated by Agent.

Borrowing Base Reporting. Deliver to Agent (i) on or before the twentieth (20th) day of each month as and for the prior month (a) accounts receivable agings inclusive of reconciliations to the general ledger, (b) accounts payable schedules inclusive of reconciliations to the general ledger, (c) Inventory reports, and (d) a Borrowing Base Certificate (which shall be calculated as of the last day of the prior month); provided that, during any Reporting Trigger Period, the Borrowing Agent will deliver to Agent (x) a Borrowing Base Certificate for the week most recently ended, within three (3) Business Days after the end of each calendar week, which weekly Borrowing Base Certificate shall consist of a roll-forward of Receivables by reporting weekly sales, cash collections and credits; provided that figures for Inventory included in such certificate may be based on the immediately prior month during any Reporting Trigger Period and (y) at such intervals as Agent may reasonably require during a Reporting Trigger Period, but no more frequently than weekly 4886‐4763‐4628><v2>< 4033.197> Borrowing Base Certificates are required to be delivered pursuant to clause (x) above: (i) confirmatory assignment schedules; (ii) copies of Customer's invoices; (iii) evidence of shipment or delivery; and (iv) such further schedules, documents and/or information regarding the Collateral as Agent may require including trial balances and test verifications. Unless otherwise agreed to by Agent, the items to be provided under this Section 9.2 shall be delivered to Agent by the specific method of Approved Electronic Communication designated by Agent.

Borrowing Base Reporting. Deliver (a) Furnish to the Co-Collateral Agents and the Administrative Agent (for distribution to each Lender through the Administrative Agent): (i) on or before a Balance Sheet Certificate, in no event later than 20 days after the twentieth (20th) day end of each month as and for the prior month most recently ended, together with the internally generated monthly consolidated financial statements (aincluding balance sheet) accounts receivable agings inclusive of reconciliations the Borrower and its Subsidiaries. (ii) a Borrowing Base Certificate, in no event later than 20 days after the end of each month for the month most recently ended if the aggregate Revolving Exposures of the Revolving Lenders at any time during such month was equal to the general ledger, or greater than $30,000,000. (b) accounts payable schedules inclusive of reconciliations to the general ledger, (c) Inventory reports, and (diii) a Borrowing Base Certificate for the first full fiscal quarter after the Effective Date and for each quarter thereafter, in no event later than 20 days after the end of each quarter for the quarter most recently ended. (b) Each monthly Balance Sheet Certificate delivered to the Co-Collateral Agents pursuant to this Section 5.16 shall be accompanied by such supporting information regarding Inventory, Receivables and Equipment of the Loan Parties as the Co-Collateral Agents may request. (c) Each Borrowing Base Certificate delivered to the Co-Collateral Agents pursuant to this Section 5.16 shall be accompanied by: (i) a summary of the Loan Parties’ Inventory by location and type with a supporting perpetual Inventory report, in each case accompanied by such supporting detail and documentation as shall be requested by the Co-Collateral Agents in their Permitted Discretion; (ii) a summary of the Loan Parties’ Equipment by location and type with a supporting Equipment report, in each case accompanied by such supporting detail and documentation as shall be requested by the Co-Collateral Agents in their Permitted Discretion; (iii) if the aggregate Revolving Exposures of the Revolving Lenders at any time during such month was equal to or greater than $30,000,000, an aging of accounts payable accompanied by such supporting detail and documentation as shall be requested by the Co-Collateral Agents in their Permitted Discretion; (iv) collateral reports, including all additions and reductions (cash and non-cash) with respect to Receivables of the Loan Parties in each case accompanied by such supporting detail and documentation as shall be requested by the Co-Collateral Agents in their Permitted Discretion each of which shall be calculated prepared by the Borrower as of the last day of the prior monthimmediately preceding calendar month (or such other time as may be requested by the Co-Collateral Agents in their Permitted Discretion); provided that, during any Reporting Trigger Period, the Borrowing Agent will deliver to Agent ; (xv) a monthly trial balance showing Accounts outstanding aged from invoice date as follows: 1 to 30 days, 31 to 60 days, 61 to 90 days and 91 days or more, accompanied by such supporting detail and documentation as shall be requested by Co-Collateral Agents in their Permitted Discretion; (vi) at the time of delivery of each of the quarterly financial statements delivered pursuant to Section 5.01(b): (1) reconciliation of the most recent Borrowing Base Certificate for Certificate, general ledger and quarter-end accounts receivable aging to the week general ledger and quarterly financial statements delivered pursuant to Section 5.01(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Co-Collateral Agents in their Permitted Discretion; (2) a reconciliation of the perpetual inventory by location to the most recently endedrecent Borrowing Base Certificate, within three general ledger and quarterly financial statements delivered pursuant to Section 5.01(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Co-Collateral Agents in their Permitted Discretion; (3) Business Days after a reconciliation of equipment by location to the end of each calendar week, which weekly most recent Borrowing Base Certificate shall consist Certificate; (4) a reconciliation of a roll-forward of Receivables by reporting weekly sales, cash collections the accounts receivable aging to the general ledger and credits; provided that figures for Inventory included in such certificate may be based on the immediately prior month during any Reporting Trigger Period and (y) at such intervals as Agent may reasonably require during a Reporting Trigger Period, but no more frequently than weekly Borrowing Base Certificates are required to be quarterly financial statements delivered pursuant to clause Section 5.01(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Co-Collateral Agents in their Permitted Discretion; and (x5) above: a reconciliation of the outstanding Loans as set forth in the quarterly loan account statement provided by the Administrative Agent to the general ledger and quarterly financial statements delivered pursuant to Section 5.01(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Co-Collateral Agents in their Permitted Discretion. (i) confirmatory assignment schedules; (ii) copies of Customer's invoices; (iii) evidence of shipment or delivery; and (ivvii) such further schedulesother reports, documents and/or information regarding statements and reconciliations with respect to the Borrowing Base, Collateral or Obligations of any or all Loan Parties as Agent may require including trial balances and test verifications. Unless otherwise agreed the Co-Collateral Agents shall from time to by Agent, the items to be provided under this Section 9.2 shall be delivered to Agent by the specific method of Approved Electronic Communication designated by Agenttime request in their Permitted Discretion.

Borrowing Base Reporting. Deliver to Agent (i) on or before the twentieth (20th) day of each month as and for the prior month (a) accounts receivable agings inclusive of reconciliations to the general ledger, (b) accounts payable schedules inclusive of reconciliations to the general ledger, (c) Inventory reports, and (d) a Borrowing Base Certificate (which shall be calculated as of the last day of the prior month); provided that, during any Reporting Trigger Period, the Borrowing Agent will deliver to Agent (x) a Borrowing Base Certificate for the week most recently ended, within three (3) Business Days after the end of each calendar week, which weekly Borrowing Base Certificate shall consist of a roll-forward of Receivables by -163- reporting weekly sales, cash collections and credits; provided that figures for Inventory included in such certificate may be based on the immediately prior month during any Reporting Trigger Period and (y) at such intervals as Agent may reasonably require during a Reporting Trigger Period, but no more frequently than weekly Borrowing Base Certificates are required to be delivered pursuant to clause (x) above: (i) confirmatory assignment schedules; (ii) copies of Customer's invoices; (iii) evidence of shipment or delivery; and (iv) such further schedules, documents and/or information regarding the Collateral as Agent may require including trial balances and test verifications. Unless otherwise agreed to by Agent, the items to be provided under this Section 9.2 shall be delivered to Agent by the specific method of Approved Electronic Communication designated by Agent.