Monthly Borrowing Base Clause Samples
Monthly Borrowing Base. Prior to the initial Loan hereunder and at all times when any Obligations remain outstanding, within 30 days after the end of each month, Borrower shall deliver to Silicon a Borrowing Base Certificate signed by the Chief Executive Officer, President, Chief Financial Officer or Controller of Borrower in substantially the form of Exhibit A hereto, together with aged listings of accounts receivable and accounts payable.
Monthly Borrowing Base. Within 30 days after the end of each month, Borrower shall deliver to Bank a transaction report signed by the Chief Executive Officer, President, Chief Financial Officer, Controller or other officer approved by Bank of Borrower on Bank’s standard form, together with aged listings of accounts receivable and accounts payable, and all other monthly reporting requirements set forth in this Agreement.
Monthly Borrowing Base. By the fifteenth day of each month, ▇▇▇▇▇▇ shall provide to the Agent a monthly borrowing base certificate, submitted and completed by its chief financial officer, in the form of Exhibit A attached hereto.
Monthly Borrowing Base. Within 15 days after the end of each month, Borrower shall deliver to Silicon a Borrowing Base Certificate signed by the Chief Executive Officer, President, Chief Financial Officer or Controller of Borrower on Silicon’s standard form, together with aged listings of accounts receivable and accounts payable, inventory reports and transaction reports (not including sales and collection journals). Borrower shall comply with all other monthly, quarterly and annual reporting requirements as set forth in the Loan Agreement. Notwithstanding the foregoing, Borrower shall deliver such Borrowing Base Certificate, the aged listing of accounts receivable and accounts payable, inventory reports and transaction reports (not including sales and collection journals), financial statements and compliance certificate within 15 days after the end of each fiscal quarter if, throughout such fiscal quarter, the outstanding balance of Loans (excluding Letters of Credit) was zero throughout such fiscal quarter and provided no Default or Event of Default has occurred.