Common use of Inventory Report Clause in Contracts

Inventory Report. Administrative Borrower shall deliver to Agent a summary of Inventory, in form and substance satisfactory to Agent, concurrently with the delivery of a Borrowing Base Certificate as set forth in subsection (a) above, based upon month-end balances, reconciled to the month-end balance sheet and the month-end Borrowing Base Certificate, and accompanied by an Inventory certification, in form and substance reasonably acceptable to Agent and including a calculation of the Eligible Inventory of the Borrowing Base Companies (the calculation of Eligible Inventory reflecting the then most recent period-end balance). Administrative Borrower shall deliver, after the end of each month, to Agent Inventory records, in such detail as Agent shall deem reasonably necessary to determine the level of Eligible Inventory. The values shown on the Inventory reports shall be at the lower of cost or market value, determined in accordance with the usual cost accounting system of the Borrowing Base Companies. Administrative Borrower shall provide such other reports with respect to the Inventory of the Borrowing Base Companies as Agent may reasonably request from time to time.

Inventory Report. Administrative Borrower shall deliver to Administrative Agent a summary of Inventory, in form and substance reasonably satisfactory to AgentAdministrative Agent and signed by a Senior Officer of Borrower, concurrently with the delivery of a the Borrowing Base Certificate as set forth in subsection (a) aboveCertificate, based upon month-end balances, balances reconciled to the month-end balance sheet and the month-end Borrowing Base Certificate, Certificate and accompanied by an Inventory certification, in form and substance reasonably acceptable to Administrative Agent and including a calculation of the Eligible Inventory of the Borrowing Base Companies (the calculation of Eligible Inventory reflecting the then most recent periodmonth-end balance). Administrative Borrower shall deliver, deliver after the end of each month, month to Administrative Agent Inventory records, in such detail as Administrative Agent shall deem reasonably necessary to determine the level of Eligible Inventory. The values shown on the Inventory reports shall be at the lower of cost or market value, determined in accordance with the usual cost accounting system of the Borrowing Base CompaniesBorrower. Administrative Borrower shall provide such other reports with respect to the Inventory of the Borrowing Base Companies as Administrative Agent may reasonably request from time to time.

Inventory Report. Administrative Borrower shall deliver to Agent Lender a summary of Inventory, in form and substance satisfactory to AgentLender and signed by a Financial Officer, concurrently with the delivery of a Borrowing Base Certificate as set forth the financial statements in subsection (ab) above, based upon month-end balances, balances reconciled to the month-end balance sheet and the month-end Borrowing Base Certificate, Certificate and accompanied by an Inventory certification, in form and substance reasonably acceptable to Agent Lender and including a calculation of the Eligible Inventory of the Borrowing Base Companies Borrowers (the calculation of Eligible Inventory reflecting the then most recent periodmonth-end balance). Administrative Borrower shall deliverdeliver to Lender, after the end of each month, to Agent Inventory records, in such detail as Agent Lender shall deem reasonably necessary to determine the level of Eligible Inventory. The values shown on the Inventory reports shall be at the lower of cost or market value, determined in accordance with the usual cost accounting system of the Borrowing Base CompaniesBorrowers. Administrative Borrower shall provide such other reports with respect to the Inventory of the Borrowing Base Companies Borrowers as Agent Lender may reasonably request from time to time.