Financial and Collateral Reports Sample Clauses
Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):
Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender, and PROVIDED that financial statements delivered to Lender under Section 5.13(c) may be subject to year-end adjustments and need not contain notes):
Financial and Collateral Reports. The following supporting documentation shall be provided for, and concurrently with, each Borrowing Base Certificate delivered under the Credit Agreement (which supporting documentation can be provided electronically): POLYMER GROUP, INC. and its Restricted Subsidiaries: • Month-end A/R summary aging • Reconciliation of A/R aging to GL • A/R Rollforward • Reconciliation of Inventory Perpetual to GL Month-end General Ledger All Mortgages and Deposit Account Control Agreements listed on Schedule 1.01B. Pledged stock certificates representing the Equity Interests of any Loan Party in Chicopee Asia, Limited, Bonlam S.A. de C.V., Chicopee Holdings B.V., Dominion Textile Mauritius Inc. and PGI Nonwovens Mauritius, Ltd. to be delivered to the Noteholder Collateral Agent (as defined in the Intercreditor Agreement) within 45 days of the Closing Date (or such later date as agreed to by the Collateral Agent in its sole discretion in writing), to the extent (x) such ownership interests are certificated, and (y) applicable local laws governing such entities permit the delivery of such certificates to the Noteholder Collateral Agent in the jurisdiction where the Noteholder Collateral Agent intends to hold such certificates. Promissory notes to be delivered to the Noteholder Collateral Agent (as defined in the Intercreditor Agreement) within 21 days after the Closing Date (or such later date as agreed to by the Collateral Agent in its sole discretion in writing): • Promissory Note having an outstanding amount of $6,252,523 (€4,674,783) as of January 1, 2011, by PGI Neunkirchen, GMBH as debtor. • Promissory Note having an outstanding amount of $5,869,851 as of January 1, 2011, by Dominion Textile Mauritius Inc. as debtor. • Promissory Note having an outstanding amount of $37,000,000 as of January 25, 2011, by Chicopee Holdings BV as debtor. • Promissory Note having an outstanding amount of $10,815,714.94 as of January 28, 2011, by Bonlam SA de CV as debtor. Factoring Agreement among The CIT Group/Commercial Services, Inc., as factor, and POLYMER GROUP, INC., Chicopee, Inc., FiberTech Group, Inc., Poly-Bond, Inc. and FNA Polymer Corp. (liens filed on November 16, 2004). Lien on certain equipment and other assets of Chicopee, Inc. in favor of General Electric Capital Corporation (filed on May 8, 2009). Lien on certain equipment and other assets of POLYMER GROUP, INC. in favor of General Electric Capital Corporation (filed on March 24, 2008). Lien on POLYMER GROUP, INC.’s ri...
Financial and Collateral Reports. Reporting Requirements
Financial and Collateral Reports. Provide the Administrative Agent (and if so requested by the Administrative Agent, with copies for each Lender) with each of the documents set forth below at the following times in each case, in form and substance satisfactory to the Administrative Agent:
Financial and Collateral Reports. Each Credit Party has kept and Borrower will, and will cause each other Credit Party to, keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless such Credit Party's certified public accountants concur in any change therein and such change is disclosed to Agent):
Financial and Collateral Reports is amended by adding the following paragraph (h) thereto:
Financial and Collateral Reports. Borrower shall, and shall cause each of its Material Subsidiaries to, maintain a system of accounting in accordance with GAAP and shall furnish to the Administrative Agent, each Lender, each Issuing Lender and each of their duly authorized representatives such information respecting the business and financial condition of Borrower and its Subsidiaries as the Administrative Agent, such Lender or such Issuing Lender may reasonably request (it being understood that the Borrower and its Subsidiaries shall not be required to provide consolidating statements in respect of their operations); and without any request, shall furnish to the Administrative Agent for distribution to the Lenders and Issuing Lender:
Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender, and PROVIDED that financial statements delivered to Lender under Section 5.13(c) may be subject to year-end adjustments and need not contain notes):