Collateral and Other Reports. Borrower shall on each Business Day report to BACC all 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. Absent such a request by BACC, copies of all such documentation shall be held by Borrower as custodian for BACC.
Appears in 4 contracts
Samples: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (Windswept Environmental Group Inc)
