Common use of Borrowing Base Statement Clause in Contracts

Borrowing Base Statement. A Borrowing Base Statement (and any schedules related thereto and including any other information reasonably requested by Bank and maintained by Borrower in the ordinary course of Borrower’s business with respect to ▇▇▇▇▇▇▇▇’s Accounts) (i) at all times when a Non-Formula Period is in effect, within 45 days after the end of each calendar quarter, (ii) at all times when a Non-Formula Period is not in effect but a Streamline Period is in effect, within 30 days after the end of each month and (iii) at all times when neither a Non-Formula Period nor a Streamline Period is not in effect, on a weekly basis on Friday of each week;

Appears in 2 contracts

Sources: Loan and Security Agreement (Ibotta, Inc.), Loan and Security Agreement (Ibotta, Inc.)