Borrowing Base Certificates and Additional Monthly Reports Sample Clauses

Borrowing Base Certificates and Additional Monthly Reports. Within fifteen (15) days of the end of each month, (i) a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of the Company on behalf of the Company (provided that (a) the Company may deliver a Borrowing Base Certificate more frequently if it chooses, and (b) during any time an Event of Default exists or Excess Availability is, and continues to be, less than $5,000,000, the Administrative Agent may require the Company to deliver Borrowing Base Certificates more frequently), and (ii) reports setting forth the aging and other relevant information of the accounts receivable, accounts payable and inventory of the Loan Parties as of such month end (such reports to be in form and substance reasonably acceptable to the Administrative Agent).