Common use of Periodic Borrowing Base Information Clause in Contracts

Periodic Borrowing Base Information. Within twenty (20) days of the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “Borrowing Base Certificate”). Borrower shall attach the following to the Borrowing Base Certificate, which shall be certified by a senior accounting officer of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: (i) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such month (an “Accounts Receivable Report”) which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually).

Periodic Borrowing Base Information. Within twenty (20i) days of the end On Wednesday of each month week (or more or less frequently if required by BankLender in its discretion), a completed Borrowing Base Certificate in such the form as Bank shall require of Exhibit 6.6(a), attached hereto and made a part hereof (each, a “Borrowing Base Certificate”). , with such Borrowing Base Certificate updated on a weekly basis to reflect any sales, collections, and adjustments to Accounts and Inventory for the preceding day. (ii) On a weekly basis, Borrower Agent shall attach the following to the each Borrowing Base Certificate, which shall be certified by a senior accounting Borrower Agent’s chief financial officer of Borrower or president to be accurate and complete and in compliance with the terms of the Loan Documents: (i1) a report in form and substance satisfactory to Lender listing (A) all Accounts and all Eligible Accounts of Borrower Borrowers as of the last immediately preceding Business Day of such month Day, (an “Accounts Receivable Report”B) which shall include the amount and age of each AccountAccount on an original invoice date aging basis, (C) all Accounts which do not constitute Eligible Accounts, and (D) such other information as Lender may require (each, an “Accounts Receivables Report”); (2) a report in form and substance satisfactory to Lender listing (A) all Inventory and all Eligible Inventory of Borrowers as of the immediately preceding Business Day, (B) the cost thereof, (C) raw materials, work-in-process, finished goods, (D) all Inventory which has not been timely sold in the ordinary course of business, and (E) such other information as Lender may require (each, an “Inventory Report”); and (3) each other report as Lender may from time to time require in its sole discretion, each prepared with respect to such periods and with respect to such information and reporting as Lender may request. (iii) In addition, and without limiting the generality of the foregoing, Borrower Agent shall attach the following to the first Borrowing Base Certificate delivered for each month: (1) the name and mailing address of each Account Debtor, and (2) a detailing report listing (A) all of all credits due such Account Debtor by Borrower stated in Borrowers’ accounts payable, (B) the number of days which have elapsed since the original date of invoice of such accounts payable, (C) the name and address of each Person to whom such credit was issued by Borroweraccounts payable are owed, and (D) such other information as Bank detail Lender may require in order to verify the Eligible Accountsrequest (each, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Accounts Payable Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually); .

Periodic Borrowing Base Information. Within twenty As soon as available and in any event either within fifteen (2015) days of after the end of each month (Fiscal Month or more frequently if required requested by BankLender from time to time (unless, in each case, Lender, in its Permitted Discretion, has agreed in writing to permit a longer time period for delivery), a completed certification of the Borrowing Base Certificate in such form and detail as Bank shall require Lender may request from time to time (a “Borrowing Base Certificate”). Borrower Agent shall attach the following to the each Fiscal Month ended Borrowing Base Certificate, which shall be certified by a senior accounting officer of Borrower Agent’s Senior Officer to be accurate and complete and in compliance with the terms of the Loan Documents: (i) a report in form and substance satisfactory to Lender in its Permitted Discretion listing (A) all Accounts and all Eligible Accounts of Borrower Obligors as of the last Business Day of such month Fiscal Month, segregated by Obligor, (an “Accounts Receivable Report”B) which shall include the amount and age of each AccountAccount on a “due date” aging basis, (C) if requested by Lender, in its Permitted Discretion, or at all times after an Event of Default exists, the name and mailing address of each Account Debtor, (D) all Accounts which do not constitute Eligible Accounts, and (E) such other information as Lender may request in its Permitted Discretion (each, an “Accounts Receivables Report”); (ii) a detailing report listing (A) all of all credits due such Account Debtor Obligors’ accounts payable, segregated by Borrower stated Obligor, which unless otherwise requested by Lender, in its Permitted Discretion, may be in summary form unless an Event of Default then exists, (B) the number of days which have elapsed since the original date of invoice of such accounts payable, (C) if requested by Lender, in its Permitted Discretion, or at all times after an Event of Default exists, the name and address of each Person to whom such credit was issued by Borroweraccounts payable are owed, and (D) such other information as Bank detail Lender may require request in order to verify the Eligible Accountsits Permitted Discretion (each, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Accounts Payable Report”), ; and (iii) a each other report reconciling (x) the Accounts as Lender may from time to time request in its Permitted Discretion, each prepared with respect to such periods and Inventory of Borrower with respect to such information and reporting as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth Lender may request in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually)its Permitted Discretion.

Periodic Borrowing Base Information. Within twenty (20) days of the end of each fiscal month (or more frequently if required by BankLender), Borrower shall deliver to Lender a completed Borrowing Base Certificate for the previous month in such form appended hereto as Bank shall require Exhibit 6 (each a “"Borrowing Base Certificate”). ") and Borrower shall attach the following to the Borrowing Base Certificate, which shall be certified by a senior accounting the chief financial officer or chief executive officer of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: : (i) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such fiscal month (an “"Accounts Receivable Report”") which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank Lender may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to BankLender, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such fiscal month, the cost thereof, specifying raw materials, work-in-process, finished goods Raw Material Eligible Inventory and Finished Goods Eligible Inventory as well as work in process and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank Lender may require relating thereto, all in form acceptable to Bank Lender (an “"Inventory Report”"), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank Lender pursuant to Section 6.9 5.6(c) (which shall be based upon Borrower’s 's general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger).

Periodic Borrowing Base Information. Within twenty (20) days of On the end third Business Day of each month (or more frequently if required by Bank)week, Borrower shall deliver to Bank a completed Borrowing Base Certificate in such the form attached hereto as Bank shall require Exhibit 5.6(a) for the prior week (a “"Borrowing Base Certificate”"). Borrower shall attach the following to the each Borrowing Base Certificate, which shall be certified electronically or manually by a senior accounting officer the controller or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents, copies of the prior week's sales and collections registers. On or before the date which is thirty (30) days after the end of each month, Borrower shall deliver the following to Bank, which shall be certified electronically or manually by the controller or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: (i) a reconciliation statement for the Borrowing Base Certificate delivered for the last full week of the prior month, reconciling such Borrowing Base Certificate through the last day of such prior month, (ii) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such the prior month (an “"Accounts Receivable Report”") which shall include the amount and age of each AccountAccount on an original invoice date aging basis, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days Accounts which have elapsed since the date each such credit was issued by Borrowerdo not constitute Eligible Accounts, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (iiiii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such the prior month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “"Inventory Report”"), and (iiiiv) a any other report reconciling (x) as Bank may from time to time require in its sole discretion, each prepared with respect to such periods and with respect to such information and reporting as Bank may require. Notwithstanding any provision herein to the Accounts and Inventory contrary, Bank reserves the right, in the exercise of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached its sole discretion, to calculate the Borrowing Base Certificate on a basis more frequently than weekly from time to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually)time.

Periodic Borrowing Base Information. Within twenty (20) days of the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “"Borrowing Base Certificate”"). Borrower shall attach the following to the Each Borrowing Base Certificate, which Certificate shall be certified by a senior accounting the chief financial officer or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents. Bank shall accept the following form of Borrowing Base Certificate until it notifies Borrower otherwise: (a) for months which do not end on a calendar quarter end, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit "A", which includes an accounts receivable aging and inventory report and complete the Borrowing Base Certificate using the following calculation: total accounts receivable less accounts receivable over 60 days from invoice date, multiplied by 75%, and (b) for months ending on calendar quarter ends, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit "B", which includes (i) an accounts receivable report in a report listing all Accounts and all Eligible Accounts of Borrower as of form approved by the last Business Day of such month Bank (an “"Accounts Receivable Report”") which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s 's general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger)."

Periodic Borrowing Base Information. Within twenty During all periods in which Average Excess Availability (2030) (1) equals or exceeds $5,000,000, within thirty (30) days of after the end of each month month, or (or more frequently if required by Bank)2) is less than $5,000,000, on the third Business Day of each week, a completed Borrowing Base Certificate in such the form attached hereto as Bank shall require Exhibit 5.6(a) for the prior week or month, as applicable (a “"Borrowing Base Certificate”"). Borrower shall attach the following to the each Borrowing Base CertificateCertificate delivered on a weekly basis, which shall be certified electronically or manually by the controller or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: copies of the prior week's sales and collections registers. On or before the date which is thirty (30) days after the end of each month, Borrower shall deliver the following to Bank, which shall be certified by a senior accounting officer the controller or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: (i) only if Borrower is delivering weekly Borrowing Base Certificates hereunder, a reconciliation statement for the Borrowing Base Certificate delivered for the last full week of the prior month, reconciling such Borrowing Base Certificate through the last day of such prior month, (ii) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such the prior month (an “"Accounts Receivable Report”") which shall include the amount and age of each AccountAccount on an original invoice date aging basis, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days Accounts which have elapsed since the date each such credit was issued by Borrowerdo not constitute Eligible Accounts, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (iiiii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such the prior month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “"Inventory Report”"), and (iiiiv) a any other report reconciling (x) the Accounts as Bank may from time to time require in its sole discretion, each prepared with respect to such periods and Inventory of Borrower with respect to such information and reporting as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually)may require.

Periodic Borrowing Base Information. Within twenty fifteen (2015) days of the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “"Borrowing Base Certificate”"). Borrower shall attach the following to the Borrowing Base Certificate, which shall be certified by a senior accounting the chief financial officer or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: (i) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such month (an “"Accounts Receivable Report”") which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory unbilled Accounts and all Eligible Inventory Unbilled Accounts of Borrower as of the last Business Day of such monthmonth (an "Unbilled Accounts Receivable Report"), which shall include the amount of each Unbilled Account, the cost thereofname and mailing address of each Unbilled Account Debtor, specifying raw materials, work-in-process, finished goods and a detailing of all Inventory which has not been timely sold credits due such Account Debtor by Borrower stated in the ordinary course number of businessdays which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require relating theretoin order to verify the Eligible Unbilled Accounts, all in reasonable detail and in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory Unbilled Accounts of Borrower as set forth on the Accounts Receivable Report and the Inventory Unbilled Accounts Receivable Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory Unbilled Accounts set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s 's general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger).

Periodic Borrowing Base Information. Within twenty (20) 20 days of the end of each month (or and more frequently if required by BankLender), a completed Borrowing Base Certificate in such the form as Bank shall require of Exhibit 6.6(a), attached hereto and made a part hereof (each, a “Borrowing Base Certificate”). Borrower shall attach the following to the each Borrowing Base Certificate, which shall be certified by a senior accounting Borrower’s chief financial officer of Borrower or president to be accurate and complete and in compliance with the terms of the Loan Documents: (i) a report in form and substance satisfactory to Lender listing (A) all Accounts and all Eligible Accounts of Borrower as of the last Business Day day of such month month, (an “Accounts Receivable Report”B) which shall include the amount and age of each AccountAccount on an original invoice date aging basis, (C) if required by Lender, the name and mailing address of each Account Debtor, (D) all Accounts which do not constitute Eligible Accounts, and (E) such other information as Lender may require (each, an “Accounts Receivables Report”); (ii) a detailing report listing (A) all of all credits due such Account Debtor by Borrower stated in Borrower’s accounts payable, (B) the number of days which have elapsed since the original date of invoice of such accounts payable, (C) the name and address of each Person to whom such credit was issued by Borroweraccounts payable are owed, and (D) such other information detail Lender may request (each, an “Accounts Payable Report”); and (iii) each other report as Bank Lender may from time to time require in order its sole and reasonable discretion, each prepared with respect to verify such periods and with respect to such information and reporting as Lender may request. Notwithstanding the Eligible Accountsforegoing, all in reasonable detail and in form acceptable Borrower shall not be required to Bank, (ii) deliver a report listing all Inventory and all Eligible Inventory completed Borrowing Base Certificate at any time that the outstanding balance of Revolving Loans is $0; provided that Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which shall not be entitled to request Revolving Loans during any month that a completed Borrowing Base Certificate has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) delivered unless a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the completed Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth is delivered in the financial statements delivered to Bank pursuant to Section 6.9 (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annually)advance of or concurrently with such request.

Periodic Borrowing Base Information. Within twenty (20) days of the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “Borrowing Base Certificate”). Borrower shall attach the following to the Each Borrowing Base Certificate, which Certificate shall be certified by a senior accounting the chief financial officer or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents. Bank shall accept the following form of Borrowing Base Certificate until it notifies Borrower otherwise: (a) for months which do not end on a calendar quarter end, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit “A”, which includes an accounts receivable aging and inventory report and complete the Borrowing Base Certificate using the following calculation: total of all Eligible Accounts plus Unbilled Deliveries multiplied by 80%, less amount of any Reserves required by Bank, and (b) for months ending on calendar quarter ends, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit “B”, which includes (i) an accounts receivable report in a report listing all Accounts and all Eligible Accounts of Borrower as of form approved by the last Business Day of such month Bank (an “Accounts Receivable Report”) which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger).”

Periodic Borrowing Base Information. (i) By the second Business Day of each subsequent week Borrower shall deliver to Lender a Borrowing Base Certificate for the previous week in form appended hereto as Exhibit 6 (each a "Borrowing Base Certificate"). (ii) Within twenty (20) days of the end of each fiscal month (or more frequently if required by BankLender), in addition to a completed Borrowing Base Certificate in such form as Bank Lender shall require (a “Borrowing Base Certificate”). Borrower shall attach the following to the Borrowing Base Certificate, which shall be certified by a senior accounting the chief financial officer or chief executive officer of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: : (i) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such fiscal month (an “"Accounts Receivable Report”") which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank Lender may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to BankLender, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such fiscal month, the cost thereof, specifying raw materials, work-in-process, finished goods Raw Material Eligible Inventory and Finished Goods Eligible Inventory as well as work in process and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank Lender may require relating thereto, all in form acceptable to Bank Lender (an “"Inventory Report”"), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank Lender pursuant to Section 6.9 5.6(c) (which shall be based upon Borrower’s 's general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger).

Periodic Borrowing Base Information. Within twenty Not later than fifteen (2015) days of after the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form prepared as Bank shall require (a “of the last Business Day of the preceding month. All Borrowing Base Certificate”). Borrower shall attach the following to the Borrowing Base Certificate, which Certificates shall be certified by a senior accounting the chief financial officer or president of Borrower Borrowing Agent to be accurate and complete and in compliance with the terms of the Loan Documents. Borrowers shall attach the following to each Borrowing Base Certificate prepared as of the last day of each month or more frequently at Bank’s request: (i) a report listing all Accounts and all Eligible Accounts of Borrower Borrowers as of the such last Business Day of such month day (an “Accounts Receivable Report”) which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower Borrowers as of the such last Business Day of such monthday, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower Borrowers in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower Borrowers as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s Borrowers’ general ledger and verified by a physical Inventory count conducted no less frequently than semi-annuallyannually and periodic cycle counts).

Periodic Borrowing Base Information. Within twenty (20twenty(20) days of the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “Borrowing Base Certificate”’). Borrower shall attach the following to the Each Borrowing Base Certificate, which Certificate shall be certified by a senior accounting the chief financial officer or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents. Bank shall accept the following form of Borrowing Base Certificate until it notices Borrower otherwise: (a) for months which do not end on a calendar quarter end, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit “A”, which includes an accounts receivable aging and inventory report and complete the Borrowing Base Certificate using the following calculation: total of all Eligible Accounts plus Unbilled Deliveries multiplied by 80%, less amount of any Reserves required by Bank, and (b) for months ending on calendar quarter ends, Borrower shall deliver to Bank a Borrowing Base Certificate in the form of the attached Exhibit “B”, which includes (i) an accounts receivable report in a report listing all Accounts and all Eligible Accounts of Borrower as of form approved by the last Business Day of such month Bank (an “Accounts Receivable Report”’) which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “Inventory Report”), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s Borrowers general ledger and verified by a physical Inventory count conducted no less than semi-annuallyledger).”

Periodic Borrowing Base Information. Within twenty fifteen (2015) days of ----------------------------------- the end of each month (or more frequently if required by Bank), a completed Borrowing Base Certificate in such form as Bank shall require (a “"Borrowing Base Certificate”"). Borrower shall attach the following to the Borrowing Base Certificate, which shall be certified by a senior accounting the chief financial officer or president of Borrower to be accurate and complete and in compliance with the terms of the Loan Documents: : (i) a report listing all Accounts and all Eligible Accounts of Borrower as of the last Business Day of such month (an “"Accounts Receivable Report”") which shall include the amount and age of each Account, the name and mailing address of each Account Debtor, a detailing of all credits due such Account Debtor by Borrower stated in the number of days which have elapsed since the date each such credit was issued by Borrower, and such other information as Bank may require in order to verify the Eligible Accounts, all in reasonable detail and in form acceptable to Bank, (ii) a report listing all Inventory and all Eligible Inventory of Borrower as of the last Business Day of such month, the cost thereof, specifying raw materials, work-work- in-process, finished goods and all Inventory which has not been timely sold by Borrower in the ordinary course of business, and such other information as Bank may require relating thereto, all in form acceptable to Bank (an “"Inventory Report”"), and (iii) a report reconciling (x) the Accounts and Inventory of Borrower as set forth on the Accounts Receivable Report and the Inventory Report attached to the Borrowing Base Certificate to (y) the aggregate Accounts and Inventory set forth in the financial statements delivered to Bank pursuant to Section 6.9 5.6(b) (which shall be based upon Borrower’s 's general ledger and verified by a physical Inventory count conducted no less than semi-annually).