Common use of Borrowing Certificates Clause in Contracts

Borrowing Certificates. A Borrowing Certificate, in form satisfactory to HCA, may be submitted daily to HCA, but in all events, shall be submitted at least on a weekly basis. The Borrowing Certificate shall be supported by inventory sold and purchased journal, inventory valuation reports or any other documentation HCA requests in its sole discretion. By signing the Borrowing Certificate, Borrower is reaffirming that no Default exists under this Agreement and/or under any Collateral Documents as of the date of the requested borrowing.