Borrowing Base Reporting. As soon as available, but in any event no later than thirty (30) days after the end of each fiscal month, calculated in respect of the immediately preceding month: (i) an executed Borrowing Base Certificate; (ii) a detailed aging of each Credit Party’s Accounts (each, based on and describing the respective invoice and due dates or terms of such invoice and delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting), along with a detailed calculation of those Accounts that are not Eligible Accounts; (iii) an Account roll-forward of each Credit Party’s Accounts, with supporting details supplied from sales journals, collection journals, credit registers and any other records, tied to the beginning and ending account receivable balances of each Credit Party’s general ▇▇▇▇▇▇ (it being understood that such reporting will be consistent with the form provided prior to the Closing Date); (iv) a summary aging (including the invoice or due date and, upon Revolving Agent’s request, with a detailed aging and aged by invoice or due date as so requested), by vendor, of each Credit Party’s accounts payable and any book overdraft (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) and a detailed aging, by vendor, of any held checks; and (v) a reconciliation of reported balances in the foregoing clauses (ii) and (iv) above to each Credit Party’s applicable general ledger account, and to its quarterly financial statements including any book reserves related to each category; and
Appears in 2 contracts
Sources: Credit Agreement (Evolent Health, Inc.), Credit Agreement (Evolent Health, Inc.)
Borrowing Base Reporting. As soon as available, but in any event no later than thirty twenty (3020) days after the end of each fiscal month, calculated in respect of the immediately preceding month:
(i) an executed Borrowing Base Certificate;
(ii) a detailed aging of each Credit Party’s Accounts (each, based on and describing the respective invoice and due dates or terms of such invoice and delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting), along with a detailed calculation of those Accounts that are not Eligible Accounts;
(iii) an Account roll-forward of each Credit Party’s Accounts, with supporting details supplied from sales journals, collection journals, credit registers and any other records, tied to the beginning and ending account receivable balances of each Credit Party’s general ▇▇▇▇▇▇ (it being understood that such reporting will be consistent with the form provided prior to the Closing Date);
(iv) a summary aging (including the invoice or due date and, upon Revolving Agent’s request, with a detailed aging and aged by invoice or due date as so requested), by vendor, of each Credit Party’s accounts payable and any book overdraft (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) and a detailed aging, by vendor, of any held checks; and;
(v) a reconciliation of reported balances in the foregoing clauses (ii) and (iv) above to each Credit Party’s applicable general ledger account, and to its quarterly financial statements including any book reserves related to each category;
(vi) inventory system/perpetual reports specifying the cost (defined to be the lower of cost or market) of each Credit Party’s Inventory, by category, with additional detail setting forth the quantity, type, location, lot identification number (if applicable), and aging of such Inventory (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) along with a detailed calculation of Inventory categories that are not Eligible Inventory; and
(vii) a detailed report showing additions of, and deletions to Eligible Equipment, and (i) a calculation of the Net Book Value of Eligible Equipment (calculated on a basis consistent with the Credit Parties’ historical accounting practices) at the end of such period, (ii) a statement of all costs incurred (in conformity with GAAP) in connection with the assets subject to such additions and (iii) a statement of Net Proceeds in connection with the assets subject to such deletions;
Appears in 1 contract
Sources: Credit Agreement (Paragon 28, Inc.)
Borrowing Base Reporting. As soon as available, but in any event no later than thirty twenty (3020) days after the end of each fiscal month, calculated in respect of the immediately preceding month, in each case, unless otherwise waived in writing by Revolving Agent:
(i) an executed Borrowing Base Certificate;
(ii) a detailed aging of each Credit Party’s Accounts (each, based on and describing the respective invoice and due dates or terms of such invoice and delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting), along with a detailed calculation of those Accounts that are not Eligible Accounts;
(iii) an Account roll-forward of each Credit Party’s Accounts, with supporting details supplied from sales journals, collection journals, credit registers and any other records, tied to the beginning and ending account receivable balances of each Credit Party’s general ▇▇▇▇▇▇ (it being understood that such reporting will be consistent with the form provided prior to the Closing Date);
(iv) a summary aging (including the invoice or due date and, upon Revolving Agent’s request, with a detailed aging and aged by invoice or due date as so requested), by vendor, of each Credit Party’s accounts payable and any book overdraft (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) and a detailed aging, by vendor, of any held checks; and;
(v) a reconciliation of reported balances in the foregoing clauses (ii) and (iv) above to each Credit Party’s applicable general ledger account, and to its quarterly financial statements including any book reserves related to each category;
(vi) inventory system/perpetual reports specifying the cost (defined to be the lower of cost or market) of each Credit Party’s Inventory, by category, with additional detail setting forth the quantity, type, location, lot identification number (if applicable), and aging of such Inventory (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) along with a detailed calculation of Inventory categories that are not Eligible Inventory; and
(vii) a detailed report showing additions of, and deletions to Eligible Equipment and Eligible Real Property, and (i) a calculation of the Net Book Value of Eligible Equipment and Eligible Real Property (calculated on a basis consistent with the Credit Parties’ historical accounting practices) at the end of such period, (ii) a statement of all costs incurred (in conformity with GAAP) in connection with the assets subject to such additions and (iii) a statement of Net Proceeds in connection with the assets subject to such deletions;
Appears in 1 contract
Borrowing Base Reporting. As soon as available, but in any event no later than thirty (30) days after the end of each fiscal month, calculated in respect of the immediately preceding month:
(i) an executed Borrowing Base Certificate;
(ii) a detailed aging of each Credit Party’s Accounts (each, based on and describing the respective invoice and due dates or terms of such invoice and delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting), along with a detailed calculation of those Accounts that are not Eligible Accounts;
(iii) an Account roll-forward of each Credit Party’s Accounts, with supporting details supplied from sales journals, collection journals, credit registers and any other records, tied to the beginning and ending account receivable balances of each Credit Party’s general ▇▇▇▇▇▇ ledger (it being understood that such reporting will be consistent with the form provided prior to the Closing Date);
(iv) a summary aging (including the invoice or due date and, upon Revolving Agent’s request, with a detailed aging and aged by invoice or due date as so requested), by vendor, of each Credit Party’s accounts payable and any book overdraft (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) and a detailed aging, by vendor, of any held checks; and
(v) a reconciliation of reported balances in the foregoing clauses (ii) and (iv) above to each Credit Party’s applicable general ledger account, and to its quarterly financial statements including any book reserves related to each category; and
Appears in 1 contract
Borrowing Base Reporting. As soon as available, but in any event no later than thirty (30) days after the end of each fiscal month, calculated in respect of the immediately preceding month:
(i) an executed Borrowing Base Certificate;
(ii) a detailed aging of each Credit Party’s Accounts (each, based on and describing the respective invoice and due dates or terms of such invoice and delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting), along with a detailed calculation of those Accounts that are not Eligible Accounts;
(iii) an Account roll-forward of each Credit Party’s Accounts, with supporting details supplied from sales journals, collection journals, credit registers and any other records, tied to the beginning and ending account receivable balances of each Credit Party’s general ▇▇▇▇▇▇ (it being understood that such reporting will be consistent with the form provided prior to the Closing Date);
(iv) a summary aging (including the invoice or due date and, upon Revolving Agent’s request, with a detailed aging and aged by invoice or due date as so requested), by vendor, of each Credit Party’s accounts payable and any book overdraft (delivered electronically in an acceptable format, if such Credit Party has implemented electronic reporting) and a detailed aging, by vendor, of any held checks; and
(v) a reconciliation of reported balances in the foregoing clauses (ii) and (iv) above to each Credit Party’s applicable general ledger account, and to its quarterly financial statements including any book reserves related to each category; and
Appears in 1 contract