Common use of Weekly Reporting Clause in Contracts

Weekly Reporting. If during any month Aggregate Availability is less than fifteen percent (15%) of the Total Aggregate Commitments then in effect for a period of three consecutive Business Days (the third such Business Day being herein referred to as the "Third Consecutive Day"), then the Borrower shall be required to deliver Borrowing Base Reports weekly. The first such Borrowing Base Report shall be prepared as of Friday of the week in which the Third Consecutive Day occurs, and FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT shall be delivered not later than Friday of the following week. The Borrower shall continue to deliver weekly Borrowing Base Reports thereafter (each such Borrowing Base Report shall cover a one-week period ending on a Friday and shall be delivered on the following Friday), until Aggregate Availability is equal to or greater than fifteen percent (15%) of the Total Aggregate Commitments then in effect for an entire month; provided, that if any day on which a Borrowing Base Report is required to be delivered is not a Business Day, then the Borrowing Base Report otherwise required to be delivered on such day shall instead be delivered on the next succeeding Business Day;

Weekly Reporting. If during any month Aggregate Availability is less than fifteen percent (15%) of the Total Aggregate Commitments then in effect for a period of three consecutive Business Days (the third such Business Day being herein referred to as the "Third Consecutive Day"), then the Borrower shall be required to deliver Borrowing Base Reports weekly. The first such Borrowing Base Report shall be prepared as of Friday of the week in which the Third Consecutive Day occurs, and FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT shall be delivered not later than Friday of the following week. The Borrower shall continue to deliver weekly Borrowing Base Reports thereafter (each such Borrowing Base Report shall cover a one-week period ending on a Friday and shall be delivered on the following Friday), until Aggregate Availability is equal to or greater than fifteen percent (15%) of the Total Aggregate Commitments then in effect for an entire month; provided, that if any day on which a Borrowing Base Report is required to be delivered is not a Business Day, then the Borrowing Base Report otherwise required to be delivered on such day shall instead be delivered on the next succeeding Business Day;

Weekly Reporting. If during any month Aggregate Availability is less than fifteen percent (15%) of the Total Aggregate Commitments then in effect for a period of three consecutive Business Days (the third such Business Day being herein referred to as the "“Third Consecutive Day"”), then the Borrower shall be required to deliver Borrowing Base Reports weekly. The first such Borrowing Base Report shall be prepared as of Friday of the week in which the Third Consecutive Day occurs, and FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT shall be delivered not later than on Friday of the following week. The Borrower shall continue to deliver weekly Borrowing Base Reports thereafter (each such Borrowing Base Report shall cover a one-week period ending on a Friday and shall be delivered on the following Friday), until Aggregate Availability is equal to or greater than fifteen percent (15%) of the Total Aggregate Commitments then in effect for an entire month; provided, that if any day on which a Borrowing Base Report is required to be delivered is not a Business Day, then the Borrowing Base Report otherwise required to be delivered on such day shall instead be delivered on the preceding Business Day, unless the Administrative Agent agrees to permit delivery on the next succeeding Business Day;

Weekly Reporting. If during any month Aggregate Availability is less than fifteen twenty percent (1520%) of the lesser of (1) the Borrowing Base and (2) the Total Aggregate Commitments then in effect for a period of three consecutive Business Days (the third such Business Day being herein referred to as the "“Third Consecutive Day"”), then the Borrower shall be required to deliver Borrowing Base Reports weekly. The first such Borrowing Base Report shall be prepared as of Friday of the week in which the Third Consecutive Day occurs, and FIRST AMENDMENT TO REVOLVING CREDIT AGREEMENT shall be delivered not later than Friday of the following week. The Borrower shall continue to deliver weekly Borrowing Base Reports thereafter (each such Borrowing Base Report shall cover a one-week period ending on a Friday and shall be delivered on the following Friday), until Aggregate Availability is equal to or greater than fifteen twenty percent (1520%) of the lesser of (1) the Borrowing Base and (2) Total Aggregate Commitments then in effect for an entire month;”; provided, that if any day on which a Borrowing Base Report is required to be delivered is not a Business Day, then the Borrowing Base Report otherwise required to be delivered on such day shall instead be delivered on the next succeeding Business Day;and