Common use of Collateral and Other Reports Clause in Contracts

Collateral and Other Reports. Borrower shall at least once a week and each time it requests an Advance under the Revolving Credit Facility, furnish to BACC a borrowing base report satisfactory in form and substance to BACC, and report to BACC all sales and Accounts arising since its most recent report to BACC and shall execute and deliver to BACC, no later than the fifteenth (15th) day of each month during the Term, a detailed aging of the Accounts, a reconciliation statement and a summary aging, by vendor, of all accounts payable of Borrower and any book overdraft. Borrower shall deliver to BACC, as BACC may from time to time require, collection reports, sales journals, invoices, original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, and other matters requested by BACC. Absent such a request by BACC, copies of all such documentation shall be held by Borrower as custodian for BACC. Borrower shall at all times provide BACC with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its Account debtors so as to enable BACC to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.

Collateral and Other Reports. Borrower shall at least once a every week and each time it requests an Advance under the Revolving Credit Facility, Facility utilize Lender's StuckyNet-Link software for collateral reporting and shall furnish to BACC Lender a borrowing base report and loan request, satisfactory in form and substance to BACCLender, and report to BACC Lender all sales and Accounts arising since its most recent report to BACC Lender and shall execute and deliver to BACCLender, no later than the fifteenth (15th) day of each month during the Term, a detailed aging of the Accounts, a reconciliation statement and a summary aging, by vendor, of all accounts payable of Borrower and any book overdraft. Borrower and Lender agree that each authorized signer's (on behalf of Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each authorized signer's password for such program). Borrower shall provide Lender a listing of each authorized signer. Borrower shall deliver to BACCLender, as BACC Lender may from time to time require, collection reports, sales journals, invoices, copies of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, arrangements and such other matters requested by BACCLender. Absent such a request by BACCLender, copies of all such documentation shall be held by Borrower as custodian for BACCLender. Borrower shall at all times provide BACC Lender with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its Account debtors so as to enable BACC Lender to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.

Collateral and Other Reports. Each Borrower shall at least once a every week and each time it such Borrower requests an Advance under the applicable Revolving Credit Facility, Facility utilize Lender's StuckyNet-Link software for collateral reporting and shall furnish to BACC Lender a borrowing base report and loan request, satisfactory in form and substance to BACCLender, and report to BACC Lender all sales and Accounts arising since its most recent report to BACC Lender and shall execute and deliver to BACCLender, no later than the fifteenth twentieth (15th20th) day of each month during the Term, a detailed aging of the Accounts, a reconciliation statement and a summary aging, by vendor, of all accounts payable of such Borrower and any book overdraft. Borrowers and Lender agree that each authorized signer's (on behalf of each Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each authorized signer's password for such program). Borrowers shall provide Lender a listing of each authorized signer. Each Borrower shall deliver to BACCLender, as BACC Lender may from time to time require, collection reports, sales journals, invoices, copies of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, arrangements and such other matters requested by BACCLender. Absent such a request by BACCLender, copies of all such documentation shall be held by each Borrower as custodian for BACCLender. Borrower Borrowers shall at all times provide BACC Lender with all current "passwords" or similar access requirements relative to all computer systems available to each Borrower with its Account debtors so as to enable BACC Lender to have access to said computer systems so as to verify the status of Accounts owing to such Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.

Collateral and Other Reports. Borrower shall at least once a every week and each time it requests an Advance under the Revolving Credit Facility, Facility utilize Lender's StuckyNet-Link software for collateral reporting and shall furnish to BACC Lender a borrowing base report and loan request, satisfactory in form and substance to BACCLender, and report to BACC Lender all sales and Accounts arising since its most recent report to BACC Lender and shall execute and deliver to BACCLender, no later than the fifteenth (15th) day of each month during the Term, a detailed aging of the AccountsAccounts (both billed and unbilled; provided that Borrower shall have three (3) weeks from the date hereof to generate an unbilled aging report), a reconciliation statement and a summary aging, by vendor, of all accounts payable of Borrower and any book overdraft. Borrower and Lender agree that each authorized signer's (on behalf of Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each authorized signer's password for such program). Borrower shall provide Lender a listing of each authorized signer. Borrower shall deliver to BACCLender, as BACC Lender may from time to time require, collection reports, sales journals, invoices, copies of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, arrangements and such other matters requested by BACCLender. Absent such a request by BACCLender, copies of all such documentation shall be held by Borrower as custodian for BACCLender. Borrower shall at all times provide BACC Lender with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its Account debtors so as to enable BACC Lender to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.

Collateral and Other Reports. Borrower shall at least once a every week and each time it requests an Advance under the Revolving Credit Facility, Facility utilize Lender's StuckyNet-Link software for collateral reporting and shall furnish to BACC Lender a borrowing base report and loan request, satisfactory in form and substance to BACCLender, and report to BACC Lender all sales and Accounts arising since its most recent report to BACC Lender and shall execute and deliver to BACCLender, no later than the fifteenth (15th) day of each month during the Term, a detailed aging of the Accounts, a reconciliation statement and a summary aging, by vendor, of all accounts payable of Borrower and any book overdraft. Borrower and Lender agree that each authorized signer's (on behalf of Borrower) signature on borrowing base reports may be provided via an electronic signature (that is, by each authorized signer's password for such program). Borrower shall provide Lender a listing of each authorized signer. Borrower shall deliver to BACCLender, as BACC Lender may from time to time require, collection reports, sales journals, invoices, copies of or original delivery receipts, customers' purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, arrangements and such other matters requested by BACCLender. Absent such a request by BACCLender, copies of all such documentation shall be held by Borrower as custodian for BACCLender. Whenever permitted, Borrower shall at all times provide BACC Lender with all current "passwords" or similar access requirements relative to all computer systems available to Borrower with its Account debtors so as to enable BACC Lender to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.

Collateral and Other Reports. Borrower shall at least once a every week and each time it requests an Advance under the Revolving Credit Facility, Facility furnish to BACC a borrowing base report satisfactory in form and substance to BACC, and report to BACC all sales and Accounts arising since its most recent report to BACC and shall execute and deliver to BACC, no later than the fifteenth (15th) day of each month during the Term, a detailed aging of the Accounts, a reconciliation statement and a summary aging, by vendor, of all accounts payable of Borrower and any book overdraft. Borrower shall also furnish to BACC within two (2) Business Days following the payroll period pay date with respect to each of Borrower’s payroll periods a payroll summary in form satisfactory to BACC, including, without limitation, gross payroll and payroll tax liability for said payroll period, Borrower shall further deliver to BACC, as BACC may from time to time require, collection reports, sales journals, invoices, original delivery receipts, customers' ’ purchase orders, shipping instructions, bills of lading and other documentation respecting shipment arrangements, and other matters requested by BACC. Absent such a request by BACC, copies of all such documentation shall be held by Borrower as custodian for BACC. Borrower shall at all times provide BACC with all current "“passwords" ” or similar access requirements relative to all computer systems available to Borrower with its Account debtors so as to enable BACC to have access to said computer systems so as to verify the status of Accounts owing to Borrower from said Account debtors. Any and all borrowing base reports, agings, etc. shall specify if any Inventory reported therein is Purchase Order Financed Inventory, or any Account report therein is a Purchaser Order Financed Account. Borrower will immediately report, in writing, all allowances programs or terms, discounts, and the like, provided to any customers of Borrower.