Common use of Borrowing Base Reporting Clause in Contracts

Borrowing Base Reporting. Borrower shall deliver to Agent an executed borrowing base certificate at least weekly (no later than Wednesday of each week and calculated as of the last Business Day of the preceding week) or more frequently if requested by Agent after the occurrence of and during the continuance of an Event of Default or provided by Borrower, which shall be accompanied by copies of Borrower’s sales journal, unbilled services/sales activities report, cash receipts journal and credit memo journal for the relevant period. Such weekly report shall reflect the billed and unbilled activity of Borrower with respect to Accounts for the immediately preceding week, and shall be substantially the form of Exhibit F hereto and shall contain such additional information concerning Accounts as may be requested by Agent, from time to time, including, without limitation, but only if specifically requested by Agent, copies of all invoices prepared in connection with such Accounts.