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

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Lender on such periodic basis as Lender shall request a sales and collections report for the preceding period, in form satisfactory to Lender. On or before the twentieth (20th) day of each month from and after the date hereof, Borrower shall deliver to Lender, in form acceptable to Lender, a detailed, aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon Lender's request therefor, copixx xx 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 Lender shall reasonably request. In addition, if Accounts 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 Lender, Borrower shall notify Lender of such occurrence in the reports required by Section 8.1.3(v) hereof and the Borrowing Base shall thereupon be adjusted accordingly.

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Lender CIT on such periodic basis as Lender CIT shall request a sales and collections report for the preceding period, in form satisfactory to Lender. CIT On or before the twentieth (20th) last day of each month from and after the date hereof, (unless the Conversion Event shall have occurred, in which case, on or before the 15th day of each month thereafter), Borrower shall deliver to LenderCIT, in form acceptable to LenderCIT, (i) a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and(ii) a detailed accounts payable aging, specifying the names, amounts owed and due dates for each account payable of Borrower so listed, (iii) upon LenderCIT's request therefor, copixx xx copies of proof of delivery and the original copy of all documents, including, without limitation, including repayment histories and present status reports relating to the Accounts and accounts payable so scheduled and (iv) such other matters and information relating to the status of then existing Accounts and accounts payable as Lender CIT shall reasonably request. In addition, if Accounts 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 LenderAt CIT's request, Borrower shall notify Lender deliver to CIT copies of such occurrence in the reports required by Section 8.1.3(v) hereof and the Borrowing Base shall thereupon be adjusted accordinglyinvoices or invoice registers related to all of its Accounts.

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Lender on such periodic basis as Lender shall request a sales and collections report for the preceding period, in form satisfactory to Lender. On or before the twentieth (20th) day of each month from and after the date hereof, Borrower shall deliver to Lender, in form acceptable to Lender, a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon Lender's request therefor, copixx xx 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 Lender shall reasonably request. In addition, if Accounts in an aggregate face amount in excess of $500,000 become ineligible because they fall within one uncollectable, Borrower shall immediately notify Lender of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established such occurrence. If requested by Lender, Borrower shall notify execute and deliver to Lender formal written assignments of such occurrence in all of its Accounts weekly or daily, which shall include all Accounts that have been created since the reports required by Section 8.1.3(v) hereof and date of the Borrowing Base shall thereupon be adjusted accordinglylast assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Lender on such periodic basis as Lender shall request a sales and collections report for the preceding period, in form satisfactory to Lender. On or before the twentieth (20th) fifteenth day of each month from and after the date hereof, Borrower shall deliver to Lender, in form acceptable to Lender, a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon Lender's request therefor, copixx xx 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 Lender shall reasonably request. In addition, if Accounts become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established If requested by Lender, Borrower shall notify execute and deliver to Lender formal written assignments of such occurrence in all of its Accounts weekly or daily, which shall include all Accounts that have been created since the reports required by Section 8.1.3(v) hereof and date of the Borrowing Base shall thereupon be adjusted accordinglylast assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Agent and each Lender on such periodic basis as Agent or any Lender shall request a sales and collections report for the preceding period, in form satisfactory to Agent and each Lender. On or before the twentieth (20th) fifteenth day of each month from and after the date hereof, Borrower shall deliver to Agent and each Lender, in form acceptable to Agent and each Lender, a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon request therefor by Agent or any Lender's request therefor, copixx xx 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 or any Lender shall reasonably request. In addition, if Accounts become ineligible because they fall within one of If requested by Agent or any Lender and consented to by the specified categories of ineligibility set forth in agent for the definition of Eligible Accounts or otherwise established by Lenderlenders under the Working Capital Loan Agreement, Borrower shall notify Lender execute and deliver to Agent for the pro rata benefit of such occurrence in the reports required by Section 8.1.3(v) hereof and Lenders formal written assignments of all of its Accounts weekly or daily, which shall include all Accounts that have been created since the Borrowing Base shall thereupon be adjusted accordinglydate of the last assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Borrower Borrowers shall keep accurate and complete records of its Accounts and all payments and collections thereon in a format similar to the format provided to and accepted by Lender during the initial field examination, and shall submit to Lender on such periodic basis as Lender shall request a sales and collections report for the preceding period, in form satisfactory to Lender. On or before the twentieth fifteenth (20th15th) day of each month from and after the date hereof, Borrower Borrowers shall deliver to Lender, in form acceptable to Lender, a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, discounts and rebates, if any, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon Lender's request therefor, copixx xx copies of proof of delivery and xxx the original copy of all documents, including, without limitation, repayment histories and histories, present status reports relating to the Accounts so scheduled scheduled, and copies of each Borrowers' master customer address listing, and such other matters and information relating to the status of then existing Accounts as Lender shall reasonably request. In additionBorrowers shall, if Accounts become ineligible because they fall within one of the specified categories of ineligibility set forth in the definition of Eligible Accounts or otherwise established requested by Lender, Borrower execute and deliver to Lender formal writtxx xxsignments of all of its Accouxxx from time to time, which shall notify Lender include all Accounts that have been created since the date of such occurrence in the reports required by Section 8.1.3(v) hereof and the Borrowing Base shall thereupon be adjusted accordinglylast assignment, together with copies of invoices or invoice registers related thereto.

Records, Schedules and Assignments of Accounts. Each Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and Borrowers shall submit to Lender on such periodic basis as Lender shall request a sales and collections report Borrowing Base Certificate for the preceding period, in form satisfactory . Each Borrower shall also provide to Lender. On Lender on or before the twentieth (20th) 20th day of each month from and after the date hereof, Borrower shall deliver to Lender, in form acceptable to Lendermonth, a detailed, detailed aged trial balance of all of its Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("Schedule of Accounts"), and, upon Lender's request therefor, copixx xx copies of proof of delivery and the original copy of all documents, including, without limitation, including 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 Lender shall reasonably request. In addition, if Accounts become ineligible because they fall within one in an aggregate face amount in excess of the specified categories of ineligibility set forth in the definition of $100,000 cease to be Eligible Accounts in whole or otherwise established by Lenderin part, Borrower Borrowers shall notify Lender of such occurrence promptly (and in the reports required by Section 8.1.3(vany event within 2 Business Days) hereof after any Borrower's having obtained knowledge of such occurrence and the Borrowing Base shall thereupon be adjusted accordinglyto reflect such occurrence. Upon Lender's request, each Borrower shall deliver to Lender copies of invoices or invoice registers related to all of its Accounts.

Records, Schedules and Assignments of Accounts. Borrower shall keep accurate and complete records of its Accounts and all payments and collections thereon and shall submit to Lender Agent on such periodic basis as Lender Agent shall request a sales and collections report for the preceding period, in form reasonably satisfactory to LenderAgent. On or before the twentieth (20th) fifteenth day of each month from and after the date hereof, Borrower shall deliver to LenderAgent, in form acceptable to LenderAgent, a detailed, detailed aged trial balance of all Accounts existing as of the last day of the preceding month, specifying the names, addresses, face value, dates of invoices and due dates for each Account Debtor obligated on an Account so listed ("“Schedule of Accounts"”), and, upon Lender's Agent’s request therefor, copixx xx 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 Lender Agent shall reasonably request. In additionIf requested by Agent, if Accounts become ineligible because they fall within one after and during the occurrence of the specified categories an Event of ineligibility set forth in the definition of Eligible Accounts or otherwise established by LenderDefault, Borrower shall notify Lender execute and deliver to Agent formal written assignments of such occurrence in all of its Accounts weekly or daily, which shall include all Accounts that have been created since the reports required by Section 8.1.3(v) hereof and date of the Borrowing Base shall thereupon be adjusted accordinglylast assignment, together with copies of invoices or invoice registers related thereto.