Collateral and Other Reporting Clause Samples

Collateral and Other Reporting. The Credit Parties shall timely ------------------------------ deliver to the Agent the following certificates and reports: (a) Monthly Borrowing Base Certificates. Monthly, within ten ----------------------------------- days after the last day of each month, and at any other time requested by the Agent: a borrowing base certificate for each Borrower substantially in the form of Exhibit R (the "Borrowing Base Certificate"), which shall (i) detail the --------- -------------------------- Eligible Accounts and Eligible Rental Equipment of the Borrower as of the last day of each month (or as of such other date as the Agent may request); (ii) be prepared by or under the supervision of a Financial Officer of the Borrower and certified by such officer subject only to adjustment upon completion of the normal year-end and interim audits of physical Inventory and Rental Equipment of that Borrower; and (iii) have attached thereto such additional schedules and other information as the Agent may request.

Collateral and Other Reporting. Provide Administrative Agent with opportunities to meet (either in person or via telephone, as requested by Administrative Agent) with senior members of management of Borrowers and the following documents, at the following times in form satisfactory to Administrative Agent: (i) not later than forty five (45) days after the end of each Fiscal Month of the first Fiscal Quarter of 2019 and thirty (30) days after the end of each Fiscal Month thereafter: (A) accounts receivable listings and agings and Inventory reports for the preceding Fiscal Month; and (B) accounts payable listings and agings as at the preceding Fiscal month end; and (ii) not later than forty five (45) days after the end of each Fiscal Month of the first Fiscal Quarter of 2019 and thirty (30) days after the end of each Fiscal Month thereafter: a schedule including each new customer added in such month, each existing customer lost in such month and, as to each of such new customers and lost customers, the revenues associated with each such customer in such Fiscal Month (and in the case of a customer that has been lost, such revenues of that customer in the preceding Fiscal Month); and (iii) a breakdown of items comprising “prepaid expenses” and “accrued expenses” set forth in Loan Parties’ balance sheets; and (iv) update reports on the project implementation status and expense relative to the constructive timeline and budget delivered to Administrative Agent prior to the Effective Date with respect to the Facility located in Kentucky; and (v) such Responsible Officers of the Borrowers as requested by Administrative Agent, shall meet and cooperate with representatives of Administrative Agent, at reasonable times during normal business hours, to engage in a discussion of, and respond to Administrative Agent’s questions regarding, the Borrowers’ business, prospects, opportunities, results of operations, variances to budget and such other matters as Administrative Agent shall reasonably request. Upon request by Administrative Agent: (i) a revised budget of Loan Parties; and

Collateral and Other Reporting. Provide Lender with the following documents at the following times in form satisfactory to Lender: Monthly (or more frequently if so requested by Lender): (i) not later than thirty (30) days after each Fiscal Month: (A) accounts receivable listings and agings and Inventory reports for the preceding Fiscal Month; and (B) accounts payable listings and agings as at the preceding Fiscal month end; and

Collateral and Other Reporting. Provide Agent with the following documents at the following times in form satisfactory to Agent: (a) on each Business Day, a sales journal, collection journal, and credit register since the last such schedule and a calculation of the Borrowing Base as of such date, (b) on a monthly basis and, in any event, by no later than the 10th day of each month during the term of this Agreement, (i) a detailed calculation of the Borrowing Base giving account to all reserves disclosed to Borrowers by the Agent, and (ii) a detailed aging, by total, of the Borrowers' and the Canadian Subsidiary's Accounts, together with a reconciliation to the detailed calculation of the Borrowing Base previously provided to Agent, (c) on a monthly basis and, in any event, by no later than the tenth (10th) day of each month during the term of this Agreement, a summary aging, by vendor, of Borrowers' accounts payable and any book overdraft, (d) on a weekly basis, Inventory reports specifying Borrowers' and the Canadian Subsidiary's Cost of their Inventory by category, with additional detail showing additions to and deletions from their Inventory, (e) on each Business Day, notice of all returns, disputes, or claims, (f) upon request, copies of invoices in connection with the Borrowers' and the Canadian Subsidiary's Accounts, customer statements, credit memos, remittance advices and reports, deposit slips, shipping and delivery documents in connection with the Borrowers' and the Canadian Subsidiary's Accounts and for Inventory and Equipment acquired by Borrowers and the Canadian Subsidiary, purchase orders and invoices, (g) on a quarterly basis, a detailed list of Borrowers' and the Canadian Subsidiary's customers, (h) on a monthly basis, a calculation of the Dilution for the prior month; and (i) upon receipt by any Borrower or the Canadian Subsidiary, a copy of any notice of termination or expiration of any license agreement of any Borrower or the Canadian Subsidiary and a copy of any new or renewed license agreement of any Borrower or the Canadian Subsidiary, (j) upon the occurrence thereof, notice of any Default or Event of Default hereunder or under any other Loan Document, (k) upon the threat or filing thereof, notice of any material litigation, (l) upon the occurrence thereof, notice of any Material Adverse Change, (m) such other reports as to the Collateral or the financial condition of Borrowers and the Canadian Subsidiary as Agent may request from time to time. Original sales invoi...

Collateral and Other Reporting. The Borrower shall timely deliver to the Agent the following certificates and reports: (i) MONTHLY BORROWING BASE CERTIFICATES. Monthly, within ten days after the last day of each month, and at any other time requested by the Agent: a borrowing base certificate for the Borrower and the Designated Restricted Subsidiaries substantially in the form of Exhibit A (the "BORROWING BASE CERTIFICATE"), which shall (i) detail the Eligible Accounts and the Eligible Rental Equipment, in each case, of the Borrower and the Designated Restricted Subsidiaries, as of the last day of each month (or as of such other date as the Agent may request); (ii) be prepared by or under the supervision of a Financial Officer of the Borrower and certified by such officer subject only to adjustment upon completion of the normal year-end and interim audits of physical Inventory and Rental Equipment; and (iii) have attached thereto such additional schedules and other information as the Agent may request;

Collateral and Other Reporting. Provide Administrative Agent with the following documents at the following times in form and detail satisfactory to Administrative Agent: One Business Day prior to any Borrowing of Revolving Loans (i) a Borrowing Base Certificate, reflecting calculation of the Borrowing Base (along with any supporting documentation, including accounts receivable and accounts payable agings, calculations of ineligible accounts receivable, , and a list denoting any Accounts having credit terms greater than 60 days and specifying the credit terms for each such Account). One Business Weekly (not later than the 2nd Business Day of each week) (ii) a Borrowing Base Certificate, reflecting calculation of the Borrowing Base (along with any supporting documentation, including accounts receivable and accounts payable agings, calculations of ineligible accounts receivable, , and a list denoting any Accounts having credit terms greater than 60 days and specifying the credit terms for each such Account). (iii) reporting of sales, credit memos, and collections for such week. (iv) reporting of unrestricted cash balances for (A) Loan Parties and (B) Parent and its Subsidiaries.