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 -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.

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.