Books, Records, Financial Statements. (a) Borrower shall maintain its shipping forms, invoices and other related documents in a form satisfactory to Lender and shall maintain its books, records and accounts in accordance with generally accepted accounting principles consistently applied. Borrower agrees to promptly furnish Lender monthly but in no event later than ten (10) days after the end of each month, accounts receivable agings, together with reconciliation and recap sheets, accounts payable agings and inventory reports (if requested by Lender).
Appears in 3 contracts
Samples: Loan and Security Agreement (WES Consulting, Inc.), Loan and Security Agreement (Bioanalytical Systems Inc), Loan and Security Agreement (WES Consulting, Inc.)
Books, Records, Financial Statements. (a) Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Lender and shall maintain its books, records and accounts in accordance with generally accepted accounting principles consistently applied. Borrower agrees to promptly furnish Lender monthly but in no event later than ten (10) days after the end of each month, accounts receivable agings, together with reconciliation and recap sheets, accounts payable agings and inventory reports (if requested by Lender).
Appears in 1 contract
Samples: Loan and Security Agreement (MamaMancini's Holdings, Inc.)
