Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to CoBank at such times or intervals as CoBank may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to CoBank within 30 days after each month end calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. However, if no balance is outstanding hereunder on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment exceeds the Borrowing Base, the Company shall immediately notify CoBank and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing Base.
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to CoBank at such times or intervals as CoBank may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to CoBank within 30 days after each month and calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. If an advance is requested by the Company in an amount that is in excess of the collateral margin as reflected in the most current month end Borrowing Base Report (or most current interim Borrowing Base Report as provided for herein), no such advance will be made by CoBank unless the Company submits to CoBank an interim Borrowing Base Report together with any such request for an advance, which interim borrowing base report reflects the then current borrowing base position and further reflects adequate collateral margin to support the immediate request. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment (combined with the amount outstanding under Statused Revolving Credit Supplement numbered RICF101S01A as provided in Section 1) exceeds the amount permitted under the most current Borrowing Base or interim Borrowing Base, the Company shall immediately notify CoBank and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the most current Borrowing Base or interim Borrowing Base.
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to CoBank at such times or intervals as CoBank may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to CoBank within 30 days after each month end calculating the Borrowing Base as of the last day of the month for which the Borrowing Base Report is being furnished. However, if no balance is outstanding hereunder on the last day of such month, then no Borrowing Base Report need be furnished. CoBank’s interpretation of Borrowing Base terms and what items may be included in (or excluded from) any Borrowing Base category appearing in the Borrowing Base Report shall control. If at any time the amount outstanding under the Commitment exceeds the Borrowing Base, an event of default will exist and will continue to exist unless and until said default is, at CoBank’s sole discretion, waived in writing or CoBank takes such other action to enforce its rights as permitted by this agreement or by law. The Company shall immediately notify CoBank at any time outstandings under the Commitment exceed the Borrowing Base and provide: (1) an updated Borrowing Base Report and (2) the specifics (check numbers, wire routing numbers, etc.) of all payments remitted since the end of the period covered by the last Borrowing Base Report.
Borrowing Base Reports, Etc. CGI agrees to furnish a LLC Borrowing Base Report to Lender at such times or intervals as Lender may from time to time request. However, if no balance is outstanding hereunder on any day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the LLC Commitment exceeds the LLC Borrowing Base, CGI shall immediately notify Lender and repay so much of the loans as is necessary to reduce the amount outstanding under the LLC Commitment to the limits of the LLC Borrowing Base.
Borrowing Base Reports, Etc. For purposes of computing the Borrowing Base, Borrower shall furnish to Lender information adequate to identify Receivables and Inventory at times and in form and substance as may be required by Lender. Borrower shall provide to Lender in form and content satisfactory to Lender:
(1) At least weekly and on the last day of each month, or, upon the occurrence and continuation of an Event of Default, more frequently upon the request of Lender, a Borrowing Certificate reporting all Receivables, in the form attached hereto as Exhibit D;
(2) At least monthly or, upon the occurrence and continuation of an Event of Default, more frequently upon the request of Lender, a Borrowing Certificate reporting all Inventory, in the form attached hereto as Exhibit D;
(3) Monthly, on or before the 25th day of each month, an Accounts Receivable Aging in form satisfactory to Lender based on invoice date, listed in sequence by number, and showing the amounts due and owing on all Receivables;
(4) Monthly, on or before the 25th day of each month, an Inventory Report in form satisfactory to Lender showing the total cost value of Inventory and separating Inventory into raw materials, work-in-process, finished goods; and
(5) Monthly, on or before the 25th day of each month, a reconciliation report of Receivables and Inventory. From time to time, Borrower shall provide Lender with such other schedules and information as Lender may reasonably request. Together with such schedules, Borrower shall, upon request of Lender, furnish copies of customers' invoices or the equivalent, and original shipping or delivery receipts for all merchandise sold, and Borrower shall warrant the genuineness thereof. Borrower shall further warrant that all Receivables are and will be bona fide existing obligations created by the sale and delivery of merchandise or the rendition of services to customers in the ordinary course of business, free of liens, encumbrances and security interests, except as permitted hereunder, and unconditionally owed to Borrower, as applicable, without defense, offset or counterclaim.
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to Agent at such times or intervals as Agent may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to Agent within 30 days after each month end calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. However, if no balance is outstanding hereunder on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment exceeds the Borrowing Base, the Company shall immediately notify Agent and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing Base. Statused Revolving Credit Supplement RI0340S01 Advanced BioEnergy, LLC Fairmont, Nebraska
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to Agent at such times or intervals as Agent may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to Agent within 30 days after Statused Revolving Credit Supplement RI0291S01 Western Iowa Energy, LLC -3- Xxxx Xxxx, Xxxx each month end calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. However, if no balance is outstanding hereunder on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment exceeds the Borrowing Base, the Company shall immediately notify Agent and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing Base,
Borrowing Base Reports, Etc. For purposes of computing the Borrowing Base, the Borrower shall furnish to the Lender information adequate to identify Receivables and Inventory at times and in form and substance as may be required by the Lender. Without limiting the foregoing, the Borrower shall provide to the Lender in form and content satisfactory to the Lender (a) a Borrowing Certificate in the form mutually agreeable to Borrower and Lender to be provided at least weekly and at such other intervals as the Lender may request in the event a Loan would exceed the Borrowing Base as calculated by the Lender; and (b) monthly, within 15 days after month-end, an Accounts Receivable Aging based on invoice date and listed in sequence by number. From time to time, the Borrower shall provide the Lender with such other schedules and information as the Lender may reasonably request. Together with such schedules, the Borrower shall, upon the reasonable request of the Lender, furnish copies of customers' invoices or the equivalent, and original shipping or delivery receipts for all merchandise sold, and the Borrower warrants the genuineness thereof. The Borrower further warrants that all Receivables are and will be bona fide existing obligations created by the sale and delivery of merchandise or the rendition of services to customers in the ordinary course of business, free of liens, encumbrances and security interests, except as permitted hereunder, and unconditionally owed to the Borrower and, to the best of the Borrower's knowledge, without defense, offset or counterclaim.
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to Agent at such times or intervals as Agent may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to Agent within 30 days after each month end calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. However, if neither this Supplement nor Statused Revolving Credit Supplement numbered RI0475S01 has an outstanding balance on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment (combined with the amount outstanding under Statused Revolving Credit Supplement numbered RI0475S01 as provided in Section 1) exceeds the Borrowing Base, the Company shall immediately notify Agent and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing Base. Amendment RI0340S01A to Statused Revolving Credit Supplement RI0340S01 ABE Fairmont, LLC Fairmont, Nebraska
4. Section 8 of the Supplement is hereby amended and restated to read as follows:
Borrowing Base Reports, Etc. The Company agrees to furnish a Borrowing Base Report to Agent at such times or intervals as Agent may from time to time request. Until receipt of such a request, the Company agrees to furnish a Borrowing Base Report to Agent within 30 days after each month end calculating the Borrowing Base as of the last day of the month for which the Report is being furnished. However, if neither this Supplement nor Statused Revolving Credit Supplement RI0340S01, as amended, has an outstanding balance on the last day of such month, then no Report need be furnished. Regardless of the frequency of the reporting, if at any time the amount outstanding under the Commitment (combined with the amount outstanding under Statused Revolving Credit Supplement RI0340S01, as amended, as provided in Section 1) exceeds the Borrowing Base, the Company shall immediately notify Agent and repay so much of the loans as is necessary to reduce the amount outstanding under the Commitment to the limits of the Borrowing Base.
