Collateral Reporting Inventory Sample Clauses

The 'Collateral Reporting; Inventory' clause requires a party to regularly provide detailed reports on the status and quantity of collateral, such as inventory, that secures an obligation. Typically, this involves submitting periodic statements or schedules that list current inventory levels, locations, and any changes since the last report. By mandating up-to-date and accurate reporting, this clause ensures transparency for the secured party and helps them monitor the value and sufficiency of the collateral, thereby reducing the risk of under-collateralization or loss.
Collateral Reporting Inventory. 6 3.6 Receivables.................................................. 7 3.7 Equipment.................................................... 7 3.8 Other Liens; No Disposition of Collateral................... 7 3.9
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Collateral Reporting Inventory. (A) INVOICES. BORROWER SHALL NOT REDATE ANY INVOICE OR SALE FROM THE -------- ORIGINAL DATE THEREOF OR, MAKE SALES ON EXTENDED TERMS BEYOND THOSE CUSTOMARY IN BORROWER'S INDUSTRY, OR OTHERWISE EXTEND OR MODIFY THE TERM OF ANY RECEIVABLE. IF BORROWER BECOMES AWARE OF ANY MATTER AFFECTING ANY RECEIVABLE, INCLUDING INFORMATION AFFECTING THE CREDIT OF THE ACCOUNT DEBTOR THEREON, BORROWER SHALL PROMPTLY NOTIFY FINOVA IN WRITING. (B) INSTRUMENTS. IN THE EVENT ANY RECEIVABLE IS OR BECOMES EVIDENCED BY A ----------- PROMISSORY NOTE, TRADE ACCEPTANCE OR ANY OTHER INSTRUMENT FOR THE PAYMENT OF MONEY, BORROWER SHALL IMMEDIATELY DELIVER SUCH INSTRUMENT TO FINOVA APPROPRIATELY ENDORSED TO FINOVA AND, REGARDLESS OF THE FORM OF ANY PRESENTMENT, DEMAND, NOTICE OF DISHONOR, PROTEST AND NOTICE OF PROTEST WITH RESPECT THERETO, BORROWER SHALL FINOVA LOAN AND SECURITY AGREEMENT ________________________________________________________________________________ REMAIN LIABLE THEREON UNTIL SUCH INSTRUMENT IS PAID IN FULL.
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Collateral Reporting Inventory 
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Related to Collateral Reporting Inventory

  • Collateral Reporting it will provide the Agent, in each case in respect of each Trading Company, and on a consolidated and consolidating basis, with the following documents at the following times in form satisfactory to the Agent: (a) on a weekly basis on each Wednesday based on figures as of the previous Friday, a Borrowing Base Certificate incorporating, inter alia, a schedule of credit notes, a summary of collections of accounts receivable, a schedule of Accounts created since the last such schedule, with effect from any Inventory Eligibility Date, a report of the Inventory balance (by location) based on the perpetual inventory reports and such further details as the Agent may request; (b) upon request, copies of invoices, credit notes, shipping and delivery documents; (c) monthly ageings of accounts receivable to be delivered no later than the 10th day of each month in respect of the immediately preceding month; (d) monthly perpetual inventory reports by category to be delivered no later than the 10th day of each month in respect of the immediately preceding month; (e) on a monthly basis, a report listing the top ten (10) customers of Ideal during that month, providing (i) details of the level of sales made to each such customer; (ii) details of any credit notes issued to each such customer or any other account adjustments made in respect of such customer; and (iii) the amount of cash actually received from each such customer during the relevant month; (f) with effect from any Inventory Eligibility Date, upon request, monthly perpetual inventory reports with effect from any Inventory Eligibility Date, a quarterly report of all Inventory based on a physical stock count; (g) monthly ageings of accounts payable no later than the 10th day of the following month, together with a specific breakdown (in reasonable detail) of the monthly ageings of accounts payable to the largest ten supplier creditors of Ideal and details of the Inventory held by Ideal in respect of such accounts payable and each such supplier; (h) with effect from any Inventory Eligibility Date, upon request, copies of purchase orders, invoices, and delivery documents for Inventory and Equipment acquired by that Trading Company; (i) such other reports as to the Collateral and the Accounts (and each Borrower hereby authorises the Agent to make enquiries of its customers in this respect) as the Agent shall request from time to time; and (j) certificates of an officer of Ideal certifying as to the foregoing;

  • Collateral Reports Borrower shall deliver or cause to be delivered the following:

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

  • Collateral Records Such Grantor will maintain complete and accurate books and records with respect to the Collateral owned by it, and furnish to the Collateral Agent, with sufficient copies for each of the Secured Parties, such reports relating to such Collateral as the Collateral Agent shall from time to time request.

  • 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”);