Common use of Security Report Clause in Contracts

Security Report. The Borrower shall provide to the Lender a monthly security report (each a “Security Report”), certified by the Borrower’s management and deliverable at the end of each month until the Maturity Date, indicating the outstanding Advances relative to the secured inventory value and accounts due relating to any inventory (the “Secured Inventory”).

Appears in 3 contracts

Sources: Loan Termination Agreement, Loan Termination Agreement (Gilla Inc.), Loan Agreement (Gilla Inc.)