Collateral Inventory Report Sample Clauses

Collateral Inventory Report. On or before the day that is the 15th day of each Calendar Month, Borrower will prepare and submit to the Lender a Collateral Inventory Report for all of the Collateral, including for each Unit and Lot in Eligible Collateral, among other things that Lender may require from time to time, the following: (i) the total number, and a description of, the Presold Units, Spec Units and Eligible Lots that constitute Eligible Collateral; (ii) the name of the Approved Subdivision; (iii) the Lot number as indicated on the recorded plat of the Approved Subdivision; (iv) whether the Unit is a Presold Unit, a Spec Unit or ineligible collateral; (v) the Unit Budget for each plan; (vi) the Eligible Lot Budget, (vii) percentage of completion up to the date of the report; (viii) the Unit Appraised Value; (ix) the Eligible Lot Appraised Value, (xi) the listing price of the Unit or the amount of the Purchase Contract, as applicable; (xii) the date of the first Borrowing Base Advance against the Unit or Eligible Lot, as applicable, in Eligible Collateral and the applicable Unit Eligibility Date or Eligible Lot Eligibility Date for each Unit or Eligible Lot; (xiii) the Unit Collateral Value and the Maximum Allowed Borrowing Base Advance for the Unit; (xiv) the Eligible Lot Collateral Value and the Maximum Allowed Borrowing Base Advance for the Eligible Lot, (xv) the amount of Loan proceeds that are available for Borrowing Base Advances against each item of Eligible Collateral based on the terms of this Agreement; and (xvi) a list of all Collateral that is not Eligible Collateral that may be in the Collateral pool. Borrower shall not prepare and submit more than one (1) Collateral Inventory Reports per Calendar Month.
Sample 1
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Collateral Inventory Report. On or before the day that is the 15th day of each Calendar Month, Borrower will prepare and submit to the Lender a Collateral Inventory Report for all of the Collateral, including for each Unit and Lot in Eligible Collateral, among
Sample 1

Related to Collateral Inventory Report

  • Inventory Reports Within 45 days after the close of each fiscal quarter of Customer, a copy of the Inventory Report (as and to the extent applicable, breaking out Inventory by location, and separately reporting any work in process) of Customer as of the end of such fiscal quarter; and

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Accounts and Inventory Each Account or item of Inventory which Borrower shall, expressly or by implication, request Lender to classify as an Eligible Account or as Eligible Inventory, respectively, shall, as of the time when such request is made, conform in all respects to the requirements of such classification as set forth in the respective definitions of "Eligible Account" and "

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Collateral Identification, Special Collateral (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, such Grantor shall promptly notify there Collateral Agent thereof in writing and take such actions and execute such documents and make such filings all at such Grantor’s expense as the Collateral Agent may reasonably request in order to ensure that the Collateral Agent has a valid, perfected, first priority security interest in such Collateral subject to any Permitted Liens.

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

  • Borrowing Base Report The Agent shall have received from the Borrower the initial Borrowing Base Report dated as of the Closing Date.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

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