Borrowing Base Reporting. The Borrowing Base Reports are subject to the procedures set forth on Schedule 6.
Borrowing Base Reporting. As soon as available, but in any event no later than thirty (30) days after the end of each fiscal month, calculated in respect of the immediately preceding month:
Borrowing Base Reporting. The Borrowing Base Reports are subject to the procedures set forth on Schedule 5. Notwithstanding anything to the contrary contained in this Agreement, Administrative Agent shall have the right to conduct a field examination of the Borrower's operations from time to time and, if it deems such action necessary, shall have the right to adjust the Borrowing Base to reflect the result of such field examination.
Borrowing Base Reporting. Deliver to the Administrative Agent, who shall deliver to each Lender, a Borrowing Base Certificate, promptly on demand by the Administrative Agent (at the direction of the Majority Lenders) and in any event, not less frequently than the tenth (10th) Business Day (save and except in respect of (ii) below) of each calendar month with respect to the preceding calendar month, together with (i) detailed inventory and accounts receivable reports, including an item level listing of all inventory balances that indicates whether items are purchased or made and quantity and cost for both the current and prior month together with a calculation of changes in cost, and also indicating Net Realizable Value of Eligible Inventory, as well as an inventory aging report and an accounts receivable aging report, (ii) not less frequently than the twenty-fifth (25th) day of each calendar month with respect to the preceding calendar month, the management reporting package for the calendar month including an operational update and a comparison of the month and Financial Quarter to date against the Borrower’s projections for such period, and (iii) any other reports, documentation or information requested by the Administrative Agent at the direction of the Majority Lenders;
Borrowing Base Reporting. In addition to any reporting requirements set forth in Section 8.1, not later than 45 days after and as of the end of each month, except for December which shall be not later than 60 days after the end of such month, the Company shall supply the Agent, in form and detail reasonably satisfactory to the Agent, a Borrowing Base Certificate, executed by a Responsible Officer and in sufficient copies for the Banks. Each Borrowing Base Certificate shall set forth the Company's determination of the Gross Borrowing Base, Adjusted EBITDA, Local Debt, and the Net Borrowing Base, and shall include Annexes (as referenced therein) which provide the Agent the following information relating to the calculation of the Gross Borrowing Base and Net Borrowing Base:
Borrowing Base Reporting. Borrower shall deliver to Agent an executed borrowing base certificate at least weekly (no later than Wednesday of each week and calculated as of the last Business Day of the preceding week) or more frequently if requested by Agent after the occurrence of and during the continuance of an Event of Default or provided by Borrower, which shall be accompanied by copies of Borrower’s sales journal, unbilled services/sales activities report, cash receipts journal and credit memo journal for the relevant period. Such weekly report shall reflect the billed and unbilled activity of Borrower with respect to Accounts for the immediately preceding week, and shall be substantially the form of Exhibit F hereto and shall contain such additional information concerning Accounts as may be requested by Agent, from time to time, including, without limitation, but only if specifically requested by Agent, copies of all invoices prepared in connection with such Accounts.
Borrowing Base Reporting. In addition to the reports required under the Existing Facility Agreement, the Borrowers shall furnish to the Co-Collateral Agents, for distribution to each Lender, (i) a Borrowing Base Certificate, prepared as of the close of business of the first Saturday prior to the CVA Start Date and each Saturday occurring thereafter until the later of (I) the end of January 2018 and (II) the CVA Completion Date (starting with the week ended November 25, 2017) and (ii) a Borrowing Base Certificate, prepared as of the close of business of the first Saturday in November, 2018 and for each Saturday occurring thereafter until the end of January, 2019, in each case not later than 3:00 P.M. (New York time) on the first Friday following each such Saturday.
Borrowing Base Reporting. At least two (2) Business Days prior to the ------------------------ date any Advance is requested hereunder, or prior to the date upon which Borrower is requesting a partial release of Time-Share Interests pursuant to paragraph 3.2 hereof, Borrower shall provide to Lender a report (herein, the ------------- "Borrowing Base Report") with respect to each Project which makes up a part of ---------------------- the Eligible Inventory upon which such request for an Advance is based, or in which any Time-Share Interests or other Collateral proposed to be released is situated. A form of the Borrowing Base Report is attached hereto as Exhibit B. Each Borrowing Base Report shall be prepared and presented on both a consolidated and consolidating basis (i.e., each Borrowing Base Report shall have a section describing, for all Borrowers, the aggregate of the Eligible Completed Project Inventory, Eligible Project Inventory Under Construction, and Land Inventory contributed by such Persons, with separate sections identifying Eligible Completed Project Inventory, Eligible Project Inventory Under Construction, and Land Inventory contributed by each individual Project). Borrower will also deliver to Lender, promptly after receipt of a written request for them, such other reports with respect to Inventory constituting part of the Collateral as Lender may from time to time reasonably require, provided that the information requested by Lender is readily available on Borrower's record keeping systems, or can be developed from information which is readily available. In the event that the information requested by Lender is neither readily available on Borrower's record keeping systems nor can it be developed from such readily available information, then Borrower and Lender shall confer and attempt to identify alternate information which is readily available to Borrower to be substituted for the information requested.
Borrowing Base Reporting. Borrowers will furnish to the Banks the following reports on a bi-weekly basis:
Borrowing Base Reporting. The first row of Schedule 5.2 to the Credit Agreement is hereby deleted in its entirety and replaced with the following: Weekly if Excess Availability falls below the greater of (A) ten percent (10.0%) of the Loan Cap or (B) $12,000,000, for any five (5) consecutive Business Days, then, at the request of Administrative Agent and until such date as Excess Availability is greater than or equal to the greater of (A) ten percent (10.0%) of the Loan Cap or (B) $12,000,000 for the immediately preceding thirty (30) consecutive days, (a) a detailed aging, by total, of Borrowers’ accounts receivable and accounts payable, together with a reconciliation and supporting documentation for any reconciling items noted.
