Borrowing Base and Equipment Report Sample Clauses

Borrowing Base and Equipment Report. A Borrowing Base and Equipment Report signed by an Authorized Officer of the Borrower and substantially in the form of Exhibit B hereto, which report shall also include the end of period utilization rate.
Sample 1
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Borrowing Base and Equipment Report. At least three (3) Business Days prior to the Drawdown Date for such Loan (or, for the initial funding, the Closing Date), the Borrower shall have delivered to the Administrative Agent and each of the Lenders a Borrowing Request and a Borrowing Base and Equipment Report, substantially in the form of Exhibit B hereto, as of the month ending immediately prior to such Drawdown Date, which shall evidence (among other things) that no Borrowing Base Imbalance shall exist on such Drawdown Date (after giving effect to the Loan(s) advanced on the Drawdown Date and all Eligible Collateral and Related Assets pledged in connection with the Drawdown Date).
Sample 1

Related to Borrowing Base and Equipment Report

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

  • Borrowing Base Report The Agent shall have received from the Borrower the initial Borrowing Base Report dated as of the Closing Date.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Borrowing Base Assets (a) The Eligible Real Estate and Borrowing Base Loans included in the calculation of the Borrowing Base Availability shall at all times satisfy all of the following conditions:

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Borrowing Base Compliance After giving effect to the release of the Borrowing Base Property, the Total Outstandings will be less than or equal to the Maximum Loan Amount.

  • Special Covenants With Respect to Equipment and Inventory Each Grantor shall:

  • Inventory and Equipment with Bailees Store the Inventory or Equipment of Parent, Borrowers or their respective Subsidiaries at any time now or hereafter with a bailee, warehouseman, or similar party.

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