Common use of Borrowing Base Reporting Clause in Contracts

Borrowing Base Reporting. In addition to any reporting requirements set forth in Section 8.1, not later than 45 days after and as of the end of each month, except for December which shall be not later than 60 days after the end of such month, the Company shall supply the Agent, in form and detail reasonably satisfactory to the Agent, a Borrowing Base Certificate, executed by a Responsible Officer and in sufficient copies for the Banks. Each Borrowing Base Certificate shall set forth the Company's determination of the Gross Borrowing Base, Adjusted EBITDA, Local Debt, and the Net Borrowing Base, and shall include Annexes (as referenced therein) which provide the Agent the following information relating to the calculation of the Gross Borrowing Base and Net Borrowing Base: (i) a listing, including a reasonable description and value, of all Cash Equivalents; (ii) a listing of Receivables, aged from the date of invoice, including the name of each debtor, and grouping such Receivables by whether they are Tier 1, Tier 2 or Tier 3 Receivables; (iii) a listing of all Revenue Accruals, in each case including a reasonable description and value and the name of each debtor, and grouping such Revenue Accruals by whether they are Tier 1, Tier 2 or Tier 3 Revenue Accruals; (iv) a listing of all Contract Cost and Recognized Income Not Yet Billed, including a reasonable description and value and the name of each debtor, and grouping such Contract Cost and Recognized Income Not Yet Billed by whether they are Tier 1, Tier 2 or Tier 3 Contract Cost and Recognized Income Not Yet Billed; (v) a listing of all JV Interests, in each case including a reasonable description and value and the name of each applicable Obligor JV Partner and the Material Joint Venture, and grouping such JV Interests by whether they are Tier 1, Tier 2 or Tier 3 JV Interests. (vi) a listing of all Property, Plant and Equipment and Spare Parts, including the owner, net book value and location of all such property, and grouping such Property, Plant and Equipment and Spare Parts by whether they are Class A or Class B Property, Plant and Equipment and Spare Parts; and (vii) a listing of Indebtedness comprising Local Debt, the Company's calculation of Local Debt, and the Company's calculation of Adjusted EBITDA from the preceding fiscal quarter end.