Common use of Collection Reports Clause in Contracts

Collection Reports. Each Borrower shall deliver to the Agent no later than five (5) Business Days after the end of each Fiscal Month of such Borrower, a Collection Report containing information, as of the last Business Day of such Borrower's immediately preceding Fiscal Month, regarding Receipts, deposits and expenditures on and with respect to each Business Day of such Fiscal Month and such other information as the Agent may request including, without limitation, credit memos issued by any Borrower, deductions taken by any Account Debtor and information pertaining to any other reduction in Eligible Accounts. Upon request of the Agent, each Borrower shall deliver to the Agent copies of bank statements and checks, drafts or other items of payment deposited by or on behalf of such Borrower in any Deposit Account, including, without limitation, the Blocked Accounts and the Disbursement Accounts, together with copies of deposit slips for each deposit, and such other information regarding Receipts, expenditures and Deposit Account balances as the Agent may request. Each Borrower shall immediately (i) notify the Agent of any changes, additions or deletions to Schedule 6.1(ee), and (ii) prepare and deliver a new Schedule 6.1(ee) reflecting such changes, additions and deletions.