Common use of Borrowing Base Certificates Clause in Contracts

Borrowing Base Certificates. The Borrower shall, within forty-five (45) days after the end of each calendar month commencing with the first calendar month completed subsequent to the date hereof, deliver to the bank a Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretion.

Appears in 2 contracts

Samples: Loan and Security Agreement (Banyan Rail Services Inc.), Loan and Security Agreement (Bhit Inc)

AutoNDA by SimpleDocs

Borrowing Base Certificates. The Borrower shall, within forty-five (45) Within 30 days after the end of each calendar month commencing with quarter, a certificate as of the first calendar month completed subsequent end of the immediately preceding month, substantially in the form of Exhibit 7.1(e) and certified by an Executive Officer of the Borrower to be true and correct as of the date hereof, deliver to the bank thereof (a "Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretion").

Appears in 1 contract

Samples: Loan Agreement (Aaipharma Inc)

Borrowing Base Certificates. The Borrower shall, within forty-five Within thirty (4530) days after the end of each calendar month commencing with month, the first calendar month completed subsequent Borrower will furnish to the date hereof, deliver to the bank Bank a completed Borrowing Base Certificate, prepared as of the end of such month and certified as accurate by the Borrower chief financial officer of the Borrower, showing the Borrower's calculation (which shall not be binding on the Bank) of its Eligible Insured Receivables and acceptable to Eligible Uninsured Receivables (stated separately), and the Bank in its sole discretionBorrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Beard Co /Ok)

Borrowing Base Certificates. The Borrower shall, within forty-five shall submit a fully completed Borrowing Base Certificate not later than twenty (4520) days after the end of each calendar month commencing with month, stating the first calendar month completed subsequent Borrowing Base as of the last day of the preceding month. At Lender’s request, the Borrower shall furnish to the date hereofLender such schedules, deliver certificates, lists, records, reports, information and documents to enable the bank a Lender to verify the Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretionBase.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Spectrum Sciences & Software Holdings Corp)

Borrowing Base Certificates. The Borrower shall, within forty-five Within thirty (4530) days after the end of each calendar month commencing with the first calendar month completed subsequent to the date hereofmonth, deliver to the bank a Borrowing Base Certificate, certified Certificate as accurate of that month end and promptly as of such other dates as the Bank may reasonably require. Each Borrowing Base Certificate shall include or be accompanied by the Borrower and an accounts receivable aging report in such form as may be reasonably acceptable to the Bank in its sole discretionBank.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

Borrowing Base Certificates. The Borrower shall, As often as the Bank shall from time to time request and in any event within forty-five twenty (4520) days after the end of each calendar month commencing with month, the first calendar month completed subsequent to the date hereof, Borrower will deliver to the bank Bank a Borrowing Base Certificate reflecting the Borrower’s Qualified Accounts, Qualified Inventory and other matters as of the close of business of the last day of the calendar month immediately preceding the date of delivery of the Borrowing Base Certificate, certified on the Bank’s standard forms as accurate by the Borrower and acceptable delivered to the Bank Borrower, with all blanks completed, in its sole discretionform and substance satisfactory to the Bank.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Ipec Holdings Inc)

Borrowing Base Certificates. The Borrower shall, within forty-five shall submit a fully --------------------------- completed Borrowing Base Certificate not later than fifteen (4515) days after the end of each calendar month commencing with month, stating the first calendar month completed subsequent Borrowing Base as of the last day of the preceding month. At Lender's request, the Borrower shall furnish to the date hereofLender such schedules, deliver certificates, lists, records, reports, information and documents to enable the bank a Lender to verify the Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretionBase.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Netplex Group Inc)

AutoNDA by SimpleDocs

Borrowing Base Certificates. The Borrower shall, within forty-five shall submit a fully completed Borrowing Base Certificate not later than fifteen (4515) days after the end of each calendar month commencing with month, stating the first calendar month completed subsequent Borrowing Base as of the last day of the preceding month. At Lender's request, the Borrower shall furnish to the date hereofLender such schedules, deliver certificates, lists, records, reports, information and documents to enable the bank a Lender to verify the Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretionBase.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Dunn Computer Corp /Va/)

Borrowing Base Certificates. The Borrower shall, within forty-five (45) Within 25 days after the end of each calendar month commencing with month, a certificate as of the first calendar month completed subsequent end of the immediately preceding month, substantially in the form of Exhibit 7.1(m) and certified by an Executive Officer of the Borrower to be true and correct as of the date hereof, deliver to the bank thereof (a "Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretion").

Appears in 1 contract

Samples: Credit Agreement (Condor Systems Inc)

Borrowing Base Certificates. The Borrower shall, within forty-five (45) Within 30 days after the end of each calendar month commencing with month, a certificate as of the first calendar month completed subsequent end of the immediately preceding month, substantially in the form of Exhibit 7.1(d) and certified by an Executive Officer of the Borrower to be true and correct as of the date hereof, deliver to the bank thereof (a Borrowing Base Certificate, certified as accurate by the Borrower and acceptable to the Bank in its sole discretion”).

Appears in 1 contract

Samples: Credit Agreement (Healthtronics Surgical Services Inc)

Borrowing Base Certificates. The Borrower shall, within fortyWithin twenty-five (4525) days after the end of each calendar month commencing with (and at any other time upon the first calendar month reasonable request of the Lender), a fully-completed subsequent to the date hereof, deliver to the bank a Borrowing Base Certificate, certified as accurate accompanied by the Borrower accounts receivable agings reports and acceptable to the Bank in its sole discretion.accounts payable agings reports;

Appears in 1 contract

Samples: Credit and Security Agreement (Keyw Holding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!