Common use of Borrowing Base Reports Clause in Contracts

Borrowing Base Reports. Borrowers shall deliver to Administrative Agent (and Administrative Agent shall promptly deliver same to Lenders) a Borrowing Base Report (i) as of the close of business of the previous month by the 20th day of each month, (ii) during any Reporting Trigger Period, as of the close of business of the previous week by Wednesday of each week and (iii) at such other times as Administrative Agent may request after a Default has occurred and is continuing. All information (including calculation of Availability) in a Borrowing Base Report shall be certified by Borrower Agent. Administrative Agent may from time to time adjust any such report (a) to reflect Administrative Agent’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Account or otherwise; (b) to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting Collateral; and (c) to the extent any information or calculation does not comply with this Agreement.

Borrowing Base Reports. Borrowers By the 20th day of each month, Borrower Agent shall deliver to Administrative Agent (and Administrative Agent shall promptly deliver same to Lenders) Lender a consolidated Borrowing Base Report (i) as of the close of business of the previous month by the 20th day of each month, (ii) during any Reporting Trigger Period, as of the close of business of the previous week by Wednesday of each week and (iii) at such other times as Administrative Lender may request; provided, that, Borrower Agent may request after shall deliver to Lender a Default has occurred and is continuingconsolidated weekly gross Accounts report on or before the Tuesday of each week, reflecting all outstanding Accounts of Borrowers as of the end of the preceding week. All information (including calculation of Availability or Average Daily Availability) in a Borrowing Base Report shall be certified by Borrower Agent. Administrative Agent Lender may from time to time adjust any such report (a) to reflect Administrative AgentLender’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Account or otherwise; (b) to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting Collateral; and (c) to the extent any information or calculation does not comply with this Agreement.