Eligible Accounts and Inventory. Promptly upon becoming aware thereof, notify Lender if any Account or Inventory identified by Borrower to Lender as an Eligible Account or Eligible Inventory becomes ineligible for any reason.
Eligible Accounts and Inventory. Promptly upon becoming aware thereof, notify Administrative Agent if any Account or Inventory identified by Borrower to Administrative Agent as an Eligible Account or Eligible Inventory becomes ineligible for any reason.
Eligible Accounts and Inventory. Notify Agent if any Account or Inventory identified by such Borrower to Agent as an Eligible Account or Eligible Spare Parts Inventory becomes ineligible for any reason by submitting the borrowing base report, or promptly upon becoming aware thereof if the aggregate of Eligible Accounts or Eligible Spare Inventory not yet reported as ineligible exceed $100,000 at any time.
Eligible Accounts and Inventory. (a) Based on the most recent Borrowing Base Certificate delivered by Borrower to the Agent and on other information available to the Agent, the Agent shall determine in accordance with SCHEDULE 1.5(a) which Accounts of Borrower shall be deemed to be "ELIGIBLE ACCOUNTS" for purposes of determining the maximum amount of the Revolving Credit Loans or Letter of Credit Obligations, if any, to be advanced or incurred by the Lenders and/or the Agent hereunder. In determining whether a particular Account constitutes an Eligible Account, the Agent shall not be required to include any such Account which does not meet the criteria set forth on SCHEDULE 1.5(a).
Eligible Accounts and Inventory. Promptly upon becoming aware thereof, notify Agent if any Account or Inventory identified by such Borrower (or by Borrowing Agent) to Agent as an Eligible Account or Eligible Inventory becomes ineligible for any reason.
Eligible Accounts and Inventory. Promptly upon becoming aware thereof, if any Account or Inventory identified by such Borrower to Lender as an Eligible Account or Eligible Inventory becomes ineligible for any reason to the extent (i) representing in excess of ten percent (10%) of Eligible Accounts or Eligible Inventory, as applicable, or (ii) Availability is less than $500,000.
Eligible Accounts and Inventory. Promptly upon becoming aware thereof, notify Lender if any Account or Inventory identified by Borrower to Lender as an Eligible Account or Eligible Inventory becomes ineligible for any reason, provided that, unless an Event of Default has occurred and is continuing, Borrower may notify Lender of such event with respect to Eligible Accounts with a face amount of less than $500,000.00 in the aggregate in its ordinary monthly reporting pursuant to subsection 9(a) of this Agreement.
Eligible Accounts and Inventory. Based on the most recent ------------------------------- Borrowing Base Certificate delivered by Borrower to Agent and Lenders and on other information available to Agent, Agent shall determine in accordance with the terms and provisions of this Agreement which Accounts shall be deemed to be "Eligible Accounts" and which Inventory shall be deemed to be "Eligible ----------------- -------- Inventory" for purposes of determining the amounts, if any, to be advanced to --------- Borrower under the Revolving Credit Loan.
Eligible Accounts and Inventory. Promptly upon becoming aware thereof, notify Agent if any Account or Inventory identified by Borrower to Agent as an Eligible Account or Eligible Inventory becomes ineligible for any reason, provided that, unless an Event of Default has and is continuing, Borrower may notify Agent of such event with respect to Eligible Accounts with a face amount of less than $500,000.00 in the aggregate in its ordinary monthly reporting pursuant to subsection 9(a) of this Agreement.
Eligible Accounts and Inventory. Promptly upon senior management of Parent or any Borrower becoming aware thereof, notify Agent if any Account with a face amount, or any Inventory with a book value, greater than Twenty-Five Thousand and No/100 Dollars ($25,000) identified by the Borrowers to Agent as an Eligible Account or Eligible Inventory, as applicable, becomes ineligible for any reason.
