Dutch Borrowing Base Report Clause Samples

Dutch Borrowing Base Report. The Dutch Borrower shall furnish to the Lender no less frequently than once per month, as of the twentieth calendar day after the end of the previous month, and at such other times as may reasonably be requested by the Lender, a report of the Dutch Borrowing Base (each a “Dutch Borrowing Base Report”; collectively, the “Dutch Borrowing Base Reports”) in the form required from time to time by the Lender, appropriately completed and duly signed. The Dutch Borrowing Base Report shall contain the amount and payments on the Receivables of the Dutch Borrower and the calculations of the Dutch Borrowing Base, all in such detail, and accompanied by such supporting and other information, as the Lender may from time to time reasonably request. Upon the Lender’s request and periodically upon the creation of any Receivables by the Dutch Borrower, or at such intervals as the Lender may reasonably require, the Dutch Borrower shall provide the Lender with such further schedules, documents and/or information regarding its Receivables as the Lender may reasonably require. The items to be provided under this subsection shall be in form satisfactory to the Lender, and certified as true and correct by a Responsible Officer, and delivered to the Lender from time to time solely for the Lender’s convenience in maintaining records of the Collateral. The Dutch Borrower’s failure to deliver any of such items to the Lender shall not affect, terminate, modify, or otherwise limit the Liens of the Lender in the Collateral.