Common use of Records, Schedules and Assignments of Accounts Clause in Contracts

Records, Schedules and Assignments of Accounts. Co-Borrowers shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agent. Within 15 days after the end of each month, or more frequently as requested by Agent, from and after the date hereof, Borrower shall deliver to Agent a detailed aged trial balance of all of its and its Subsidiaries’ Accounts, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“Schedule of Accounts”), and upon Agent’s request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall request. If requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agent. Within 15 days after the end of each monthWeekly, or more frequently as requested by Agent, from and after the date hereof, Borrower shall deliver to Agent a detailed aged trial balance of all of its and its Subsidiaries’ Accounts, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“"Schedule of Accounts”"), and upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall request. In addition, if Accounts in an aggregate face amount in excess of $750,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent as provided therein, Borrower shall notify Agent of such occurrence on the first Business Day following Borrower's knowledge of such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence. If requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable satisfactory to Agent. Within 15 days after On or before the end fifteenth day of each month, or more frequently as requested by Agent, month from and after the date hereof, Borrower shall deliver to Agent Agent, in form acceptable to Agent, accounts payable schedules and a detailed aged trial balance of all Accounts existing as of its and its Subsidiaries’ Accountsthe last day of the preceding month, specifying the names, addresses, face valuesvalue, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“"Schedule of Accounts”"), and and, upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall reasonably request. In addition, if Accounts in an aggregate face amount in excess of $50,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent, Borrower shall notify Agent of such occurrence on the first Business Day following such occurrence and the Borrowing base shall thereupon be adjusted to reflect such occurrence. If requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable reasonably satisfactory to Agent. Within 15 days after On or before the end fifteenth day of each month, or more frequently as requested by Agent, month from and after the date hereof, Borrower shall deliver to Agent Agent, in form acceptable to Agent, a detailed aged trial balance of all Accounts existing as of its and its Subsidiaries’ Accountsthe last day of the preceding month, specifying the names, addresses, face valuesvalue, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“"Schedule of Accounts”"), and and, upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall reasonably request. If requested by Agent, Borrower after and each other Co-during the occurrence of an Event of Default, Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agent. Within 15 days after Concurrently with the end delivery of each monthBorrowing Case Certificate described in subsection 8.1.4, or more frequently as requested by Agent, from and after the date hereof, Borrower Borrowers shall deliver to Agent a detailed aged trial balance of all of its and its Subsidiaries’ their Accounts, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“Schedule of Accounts”), and upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall request. If requested by Agent, Borrower and each other Co-Borrower Borrowers shall execute and deliver to Agent formal written assignments of all of its their Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall execute and deliver to Agent a Borrowing Base Certificate in the form attached hereto as Exhibit C on a weekly basis or, if as determined by Agent on a more frequent basis. Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable satisfactory to Agent. Within 15 days after On or before the end fifteenth day of each month, or more frequently as requested by Agent, month from and after the date hereof, Borrower shall deliver to Agent Agent, in form acceptable to Agent, a detailed aged trial balance of all Accounts existing as of its and its Subsidiaries’ Accountsthe last day of the preceding month, specifying the names, addresses, face valuesvalue, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“"Schedule of Accounts”"), and and, upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall reasonably request. In addition, if Accounts in an aggregate fee amount in excess of $100,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent, Borrower shall notify Agent of such occurrence on the first Business Day following such occurrence and the Borrowing Base shall be adjusted to reflect such occurrence. If requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or dailyperiodically, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice invoices registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Restoration shall keep accurate and complete records of its and their Subsidiaries’ TI Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall reasonably request a report with respect thereto for the preceding period, in form reasonably satisfactory to Agent. Michaels shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall reasonably request a sales and collections report for the preceding period, in form reasonably satisfactory to Agent. Upon Agent's request, Michaels shall deliver to Agent, in form reasonably acceptable to Agent. Within 15 days after the end of each month, or more frequently as requested by Agent, from and after the date hereof, Borrower shall deliver to Agent a detailed aged trial balance of all Accounts existing as of its and its Subsidiaries’ Accountsthe last day of the preceding month, specifying the names, addresses, face valuesvalue, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“"Schedule of Accounts”"), and and, upon Agent’s 's further request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall reasonably request. In addition, if Accounts in an aggregate face amount in excess of $50,000 included in the Borrowing Base become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent, and Michaels is then reporting to Agent, Michaels shall notify Agent of such occurrence within one week following such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence. If requested by Agent, Borrower and each other Co-Borrower Michaels shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agent. Within 15 days after the end of each monthWeekly, or more frequently as requested by Agent, from and after the date hereof, Borrower shall deliver to Agent a detailed aged trial balance of all of its and its Subsidiaries’ Accounts, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed and separately identifying Accounts created prior to, and on or after, the Filing Date (“"Schedule of Accounts”"), and upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall request. In addition, if Accounts in an aggregate face amount in excess of $750,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent as provided therein, Borrower shall notify Agent of such occurrence on the first Business Day following Borrower's knowledge of such occurrence and the Borrowing Base shall thereupon be adjusted to reflect such occurrence. If requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Subject to the terms and conditions of the Intercreditor Agreement, each Grantor that has Accounts shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agentthereon. Within 15 days after the end of each monthAnnually, or more frequently as requested by Agentthe Collateral Agent if an Event of Default has occurred and is continuing, from and after each Grantor that has Accounts (or the date hereofCompany, Borrower on behalf of the Grantors) shall deliver to the Collateral Agent a detailed aged trial balance of all of its and its Subsidiaries’ Accounts, report specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“Schedule of Accounts”"SCHEDULE OF ACCOUNTS"), and upon the Collateral Agent’s 's request therefortherefor during the continuance of a Default or Event of Default, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating documents as the Collateral Agent shall reasonably request. Subject to the Accounts so scheduled terms and such other matters and information relating to conditions of the status of then existing Accounts as Agent shall request. If Intercreditor Agreement, if requested by Agentthe Collateral Agent during the continuance of a Default or Event of Default, Borrower and each other Co-Borrower Grantor that has Accounts shall execute and deliver to the Collateral Agent formal written assignments of all of its Accounts monthly, weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers Borrower shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable satisfactory to Agent. Within 15 days after On or before the end fifteenth day of each month, or more frequently as requested by Agent, month from and after the date hereof, Borrower shall deliver to Agent Agent, in form acceptable to Agent, accounts payable schedules and a detailed summary aged trial balance of all Accounts existing as of its and its Subsidiaries’ Accountsthe last day of the preceding month, specifying the names, addresses, face values, dates names of invoices and due dates for each Account Debtor obligated on an Account so listed and the aggregate outstanding balance of Accounts so listed (“"Schedule of Accounts”"), and, in the event Availability is less than $3,000,000 and upon Agent’s 's request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall reasonably request. If In addition, if Accounts in an aggregate face amount in excess of $250,000 become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established by Agent, Borrower shall notify Agent of such occurrence on the first Business Day following such occurrence and the Borrowing base shall thereupon be adjusted to reflect such occurrence. In the event Availability is less than $3,000,000 and if requested by Agent, Borrower and each other Co-Borrower shall execute and deliver to Agent formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Co-Borrowers shall keep accurate and complete records of its and their Subsidiaries’ Accounts and all payments and collections thereon and shall submit to Agent on such periodic basis as Agent shall request a sales and collections report for the preceding period, in form acceptable to Agent. Within 15 days after Concurrently with the end delivery of each monthBorrowing Case Certificate described in subsection 8.1.4, or more frequently as requested by Agent, from and after the date hereof, Borrower Borrowers shall deliver to Agent a detailed aged trial balance of all of its and its Subsidiaries’ their Accounts, specifying the names, addresses, face values, dates of invoices and due dates for each Account Debtor obligated on an Account so listed (“Schedule of Accounts”), and upon Agent’s request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts so scheduled and such other matters and information relating to the status of then existing Accounts as Agent shall request. If requested by Agent, Borrower and each other Co-Borrower Borrowers shall execute and deliver to Agent formal written assignments of all of its their Accounts weekly or daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto.. CHICAGO/#1571873.4