Common use of Equipment Schedule Clause in Contracts

Equipment Schedule. Until the Equipment Reserve Release Date occurs, deliver to Agent a new Schedule 1.01(g) on each of the following dates, with each such Schedule 1.01(g) indicating all Equipment which is, as of such date, subject to an Equipment Utilization Agreement and the Orderly Liquidation Value thereof: (a) On each date on which a Borrowing Base Certificate is required to be delivered hereunder; and (b) On the date which is five (5) Business Days after entering into any surety bond agreement, bonded receivables agreement, equipment utilization agreement or similar agreement, contract, undertaking or instrument of guaranty pursuant to which any Person shall issue any Borrower surety bonds or other instruments of suretyship. Each Lender consents to the amendment from time to time of Schedule 1.01(g) in the manner described in this Section 5.18.

Appears in 2 contracts

Samples: Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co)

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Equipment Schedule. Until the Equipment Reserve Release Date occurs, deliver to Agent a new Schedule 1.01(g) on each of the following dates, with each such Schedule 1.01(g) indicating all Equipment which is, as of such date, subject to an Equipment Utilization Agreement and the Orderly Liquidation Net Book Value thereof: (a) On each date on which a Borrowing Base Certificate is required to be delivered hereunder; and (b) On the date which is five (5) Business Days after entering into any surety bond agreement, bonded receivables agreement, equipment utilization agreement or similar agreement, contract, undertaking or instrument of guaranty pursuant to which any Person shall issue any Borrower surety bonds or other instruments of suretyship. Each Lender consents to the amendment from time to time of Schedule 1.01(g) in the manner described in this Section 5.18.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Layne Christensen Co)

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