TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. _______________________________________________ _____________________________ Authorized Requester Phone # _______________________________________________ _____________________________ Received By (Bank) Phone # _________________________________________ Authorized Signature (Bank) 23 27 EXHIBIT C BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ Borrower: SEEQ Technology, Incorporated Lender: Silicon Valley Bank Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of ___________ $_______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Foreign Accounts $______________ 8. Governmental Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 11. Intercompany/Employee Accounts $______________ 12. Other (please explain on reverse) $______________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 14. Eligible Accounts (#3 minus #13) $_______________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $_______________ BALANCES 16. Maximum Loan Amount $_______________ 17. Total Funds Available [Lesser of #16 or #15] $_______________ 18. Present balance owing on Line of Credit $_______________ 19. Outstanding under Sublimits ( ) $_______________ 20. RESERVE POSITION (#17 minus #18 and #19) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY ------------- Rec'd By:____________ Auth. Signer Date:________________ Verified:____________ Auth. Signer Date:________________ SEEQ Technology, Incorporated, a California corporation By:____________________________________ Authorized Signer
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. _______________________________________________ _____________________________ ------------------------------ ------------------------------- Authorized Requester Phone # _______________________________________________ _____________________________ ------------------------------ ------------------------------- Received By (Bank) Phone # _________________________________________ ------------------------------------ -------------------------------------------------------------------------------- ================================================================================ 111 FY 2000 IMATRON INC. FORM 10-K ================================================================================ -------------------------------------------------------------------------------- Authorized Signature (Bank) 23 27 -------------------------------------------------------------------------------- ================================================================================ 112 FY 2000 IMATRON INC. FORM 10-K =================================================================================================================== EXHIBIT C BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ Borrower: SEEQ Technology, Incorporated LenderIMATRON INCORPORATED Bank: Silicon Valley Bank ------------------------------------------------------------------------------------------------------------------- ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of _____________ $_$ ------------- 2. Additions (please explain on reverse) $ ------------- 3. TOTAL ACCOUNTS RECEIVABLE $ ------------- ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days (120 days*) due $ ---------------- 5. Balance of 50% over 90 day accounts $ ---------------- 6. Credit balances over 90 days $ ---------------- 7. Concentration Limits $ ---------------- 8. Foreign Accounts $ ---------------- 9. Governmental Accounts $ ---------------- 10. Contra Accounts $ ---------------- 11. Promotion or Demo Accounts $ ---------------- 12. Intercompany/Employee Accounts $ ---------------- 13. Other (please explain on reverse) $ ---------------- 14. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ ------------- 15. Eligible Accounts (#3 minus #14) $ ---------------- 16. LOAN VALUE OF ACCOUNTS (80% of #15) $ ------------- *For scheduled leasing company accounts FOREIGN ACCOUNTS RECEIVABLE 17. Foreign Accounts Receivable Supported by Letters of Credit Advised and Negotiated by Bank Book Value as of ______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ $ ---------------- FOREIGN ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 718. Foreign Accounts $______________ 8. Governmental Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 11. Intercompany/Employee Accounts $______________ 12. Other (please explain on reverse) $______________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 14Receivable Supported by Letters of Credit Advised and Negotiated by Bank Unpaid after 180 days $ ---------------- 19. Eligible Foreign Accounts (#3 minus #13) $_______________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $_______________ BALANCES 16. Maximum Loan Amount $_______________ 17. Total Funds Available [Lesser of #16 or #15] $_______________ 18. Present balance owing on Line of Credit $_______________ 19. Outstanding under Sublimits ( ) $_______________ 20. RESERVE POSITION (#17 minus #18 and 18) $ ---------------- 20. LOAN VALUE OF FOREIGN ACCOUNTS (100% of #19) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY $ ------------- Rec'd By:____________ Auth. Signer Date:________________ Verified:____________ Auth. Signer Date:________________ SEEQ Technology, Incorporated, a California corporation By:____________________________________ Authorized SignerBALANCES
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ __________ _____________________________ Authorized Requester Phone # ______________________________________ __________ _____________________________ Received By (Bank) Phone # _________________________________________ Authorized Signature (Bank) 23 27 EXHIBIT C BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ Borrower: SEEQ Technology, Incorporated Lender: Silicon Valley Bank Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of ___________ $_______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Foreign Accounts $______________ 8. Governmental Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 11. Intercompany/Employee Accounts $______________ 12. Other (please explain on reverse) $______________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 14. Eligible Accounts (#3 minus #13) $_______________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $_______________ BALANCES 16. Maximum Loan Amount $_______________ 17. Total Funds Available [Lesser of #16 or #15] $_______________ 18. Present balance owing on Line of Credit $_______________ 19. Outstanding under Sublimits ( ) $_______________ 20. RESERVE POSITION (#17 minus #18 and #19) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY ------------- Rec'd By:____________ Auth. Signer Date:________________ Verified:Authorized Signature (Bank) EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ FROM: VITRIA TECHNOLOGY, INC. ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ Authwith all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Signer Date:Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ SEEQ Technology, Incorporated, a California corporation ByAUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ Authorized SignerAUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").
Appears in 1 contract
Sources: Loan and Security Agreement (Vitria Technology Inc)
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. _______________________________________________ _____________________________ Authorized Requester Phone # _______________________________________________ _____________________________ Received By (Bank) Phone # _______________________________________________ Authorized Signature (Bank) 23 27 EXHIBIT C D BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ Borrower________________________________________________________________________________ Borrowers: SEEQ ISE Labs, Inc. ISE Technology, Incorporated Lender: Silicon Valley Bank Inc. Digital Testing Services, Inc. Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 ________________________________________________________________________________ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of ____of_______ $_______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due (120 days for DTS through 12-31-97) $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Foreign Governmental Accounts $______________ 8. Governmental Contra Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 1110. Intercompany/Employee Accounts $______________ 1211. Other (please explain on reverse) $______________ 1312. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 1413. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (75% of #13) $_______________ ALPHATEC ACCOUNTS 15. Eligible Accounts Book Value as of $_______________ 16. LOAN VALUE OF ALPHATEC ELIGIBLE ACCOUNTS (8075% of #1416) $_______________ OVERADVANCE 17. Until December 17, 1997, $2,500,000 $_______________ BALANCES 1618. Maximum Loan Amount $_______________ 1719. Total Funds Available [Lesser of #18 or (#14 plus #16 or plus #1517)] $_______________ 1820. Present balance owing on Line of Credit $_______________ 1921. Outstanding under Sublimits ( ) $_______________ 2022. RESERVE POSITION (#17 19 minus #18 20 and #1921) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Comerica Bank-California. COMMENTS: BANK USE ONLY ------------- Rec'd By:ISE, for itself and as Agent for ISE Technology, Inc. and Digital Testing Services, Inc. ____________ Auth. Signer Date:_____________________________________________ Verified:____________ Auth. Signer Date:________________ SEEQ Technology, Incorporated, a California corporation By:_____________________________________________________ Authorized SignerSigner BANK USE ONLY Rec'd By: ___________________ Auth. Signer Date: ________________________ Verified: ____________________ Auth. Signer Date: ________________________ EXHIBIT E COMPLIANCE CERTIFICATE TO: COMERICA BANK-CALIFORNIA FROM: ISE LABS, INC. ISE TECHNOLOGY, INC. DIGITAL TESTING SERVICES, INC. The undersigned authorized officer of ISE Labs, Inc. on behalf of itself, ISE Technology, Inc. and Digital Testing Services, Inc. hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrowers and Bank (the "Agreement"), (i) Borrowers are in compliance in all material respects for the period ending ______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrowers stated in the Agreement are true and correct in all material respects as of the date hereof. Attached herewith are the required documents supporting the above certification. The officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. PLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. REPORTING COVENANT REQUIRED COMPLIES ---------------------------------------------------- ------------------------ -------- Monthly financial statements Monthly within 30 days Yes No Quarterly financial statements Quarterly within 30 days Yes No Annual (CPA Audited) FYE within 120 days Yes No A/R & A/P Agings Monthly within 15 days Yes No A/R Audit Initial and Semi-Annual Yes No Form 10K Annually within 5 days Yes No Form 10Q Quarterly within 5 days Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ---------------------------------------------------- ------------------------ ------------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio 0.55:1.00/1/ _____:1.0 Yes No Minimum Tangible Net Worth $10,000,000/2/ $________ Yes No Maximum Debt/Tangible Net Worth 4.25:1.00/3/ _____:1.0 Yes No Minimum Debt Service Ratio (Quarterly) 2.0:1.0 _____:1.0 Yes No /1/ 0.7:1.0 after repayment of over-formula or December 31, 1997. /2/ Plus 50% of quarterly NPAT plus 80% of new equity. May be reduced upon sale of Manteca Facility--see Agreement. /3/ Reduces to 2.50:1.00 by June 30, 1998 and 2.0:1.0 by October 31, 1999 and thereafter. COMMENTS REGARDING EXCEPTIONS: See Attached. Sincerely, _____________________________________ Signature(s) _____________________________________ Title(s) _____________________________________ Date BANK USE ONLY Received by:__________________________ authorized signer Date:_________________________________ Verified:_____________________________ authorized signer Date:_________________________________ Compliance Status: Yes No
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ___________________________________________ ______________________________ Authorized Requester Phone # ___________________________________________ ______________________________ Authorized Requester Phone # _______________________________________________ _____________________________ Received By (Bank) Phone # _________________________________________ Authorized Signature (Bank) 23 27 EXHIBIT C BORROWING BASE COMPLIANCE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ BorrowerTO: SEEQ TechnologyIMPERIAL BANK FROM: FreeShop International, Incorporated Lender: Silicon Valley Inc. The undersigned authorized officer of FreeShop International, Inc. hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of _(the "Agreement"), (i) Borrower is in complete compliance for the period ending __________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects as of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. PLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. REPORTING COVENANT REQUIRED COMPLIES ------------------ -------- -------- Monthly financial statements Monthly within 30 days Yes No Annual (CPA Audited) FYE within 120 days Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ --------- Maintain on a Monthly Basis: Minimum Quick Ratio(1) .80:1.00(2) _____:1.00 Yes No Equity Infusion(3) $2,500,000 $________ Yes No 1 Less deferred revenue 2 Beginning 01/31/99 3 No later than 12/31/98 -------------------------------------------- COMMENTS REGARDING EXCEPTIONS: BANK USE ONLY See Attached. Sincerely, Received by: _______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Foreign Accounts $______________ 8. Governmental Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 11. Intercompany/Employee Accounts $______________ 12. Other (please explain on reverse) $______________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 14. Eligible Accounts (#3 minus #13) $_______________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $_______________ BALANCES 16. Maximum Loan Amount $_______________ 17. Total Funds Available [Lesser of #16 or #15] $_______________ 18. Present balance owing on Line of Credit $_______________ 19. Outstanding under Sublimits ( ) $_______________ 20. RESERVE POSITION (#17 minus #18 and #19) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY ------------- Rec'd By:____________ Auth. Signer Date:________________ Verified:AUTHORIZED SIGNER ____________ Auth. Signer Date:_____________________ SEEQ Technology, Incorporated, a California corporation By:Date: ____________________________________ Authorized SignerSIGNATURE Verified: ________________________________ AUTHORIZED SIGNER ________________________________ Date: ____________________________________ TITLE ________________________________ Compliance Status: Yes No DATE --------------------------------------------
Appears in 1 contract