Common use of Periodic Borrowing Base Information Clause in Contracts

Periodic Borrowing Base Information. Within fifteen (15) days of the end of each month (or more frequently if requested by Lender in its Permitted Discretion), a completed Borrowing Base Certificate in the form of Exhibit 6.6(a), attached hereto and made a part hereof (each, a “Borrowing Base Certificate”). Borrowers shall attach the following to each Borrowing Base Certificate, which shall be certified by a Senior Officer of a Borrower 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 of Borrower as of the last Business Day of such month, (B) the amount and age of each Account on an original invoice date aging basis, (C) 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 report listing (A) all of each 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 accounts payable are owed, and (D) such other detail Lender may request (each, an “Accounts Payable Report”); and (iii) each other report as Lender may from time to time require in its Permitted Discretion, each prepared with respect to such periods and with respect to such information and reporting as Lender may request.

Periodic Borrowing Base Information. Within fifteen (15) days of the end No later than 12:00 noon on Tuesday of each month calendar week (or more frequently if requested required by Lender in its Permitted DiscretionBank), a completed Borrowing Base Certificate in the form of Exhibit 6.6(a), attached hereto and made a part hereof as Exhibit 5.6(a) (each, a “Borrowing Base Certificate”), as of the close of business for the prior calendar week. Borrowers Borrower shall attach the following to each Borrowing Base Certificate, which shall be certified by a Senior Officer the chief financial officer, controller or president of a Borrower 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 of Borrower as of the last Business Day of such month, the prior calendar week (Ban “Accounts Receivable Report”) which shall include the amount and age of each Account on an original invoice date aging basis, (C) the name and mailing address of each Account Debtor, (D) a detailing of all Accounts which do not constitute Eligible Accounts, and (E) such other information as Lender Bank may require (eachin order to verify the Eligible Accounts, an “Accounts Receivables Report”); all in reasonable detail and in form acceptable to Bank, (ii) a report listing (A) all Inventory and all Eligible Inventory of each Borrower’s accounts payableBorrower as of the last Business Day of the prior calendar week, (B) the number 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 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 accounts payable are owedbusiness, and (D) such other detail Lender information as Bank may request require relating thereto, all in form acceptable to Bank (each, an “Accounts Payable Inventory Report”); , and (iii) each any other report as Lender Bank may from time to time require in its Permitted Discretionsole discretion, each prepared with respect to such periods and with respect to such information and reporting as Lender Bank may requestrequire.

Periodic Borrowing Base Information. Within During all periods in which Average Excess Availability (1) is less than $5,000,000, within fifteen (15) days of the end of each month (or and more frequently if requested required by Lender in its Permitted DiscretionBank), and (2) equals or exceeds $5,000,000, within thirty (30) days of the end of each month, a completed Borrowing Base Certificate in the form of Exhibit 6.6(a), attached hereto and made as Exhibit (a) (a part hereof (each, a “"Borrowing Base Certificate”"). Borrowers Borrower shall attach the following to each Borrowing Base Certificate, which shall be certified electronically or manually by a Senior Officer the controller or president of a Borrower 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 of Borrower as of the last Business Day of such month, month (Ban "Accounts Receivable Report") which shall include the amount and age of each Account on an original invoice date aging basis, (C) the name and mailing address of each Account Debtor, (D) a detailing of all Accounts which do not constitute Eligible Accounts, and (E) such other information as Lender Bank may require (eachin order to verify the Eligible Accounts, an “Accounts Receivables Report”); all in reasonable detail and in form acceptable to Bank, (ii) a report listing (A) all Inventory and all Eligible Inventory of each Borrower’s accounts payable, (B) Borrower as of the number of days which have elapsed since the original date of invoice last Business Day of such accounts payablemonth, (C) the name cost thereof, specifying raw materials, work-in-process, finished goods and address all Inventory which has not been timely sold by Borrower in the ordinary course of each Person to whom such accounts payable are owedbusiness, and (D) such other detail Lender information as Bank may request require relating thereto, all in form acceptable to Bank (eachan "Inventory Report"), an “Accounts Payable Report”); and (iii) each any other report as Lender Bank may from time to time require in its Permitted Discretionsole discretion, each prepared with respect to such periods and with respect to such information and reporting as Lender Bank may requestrequire.

Periodic Borrowing Base Information. Within fifteen twenty (1520) days of the end of each month (or more frequently if requested required by Lender in its Permitted DiscretionBank), a completed Borrowing Base Certificate in the form of Exhibit 6.6(a), attached hereto and made a part hereof as Exhibit 5.6(a) (each, a “Borrowing Base Certificate”). Borrowers Borrower shall attach the following to each Borrowing Base Certificate, which shall be certified by a Senior Officer the chief financial officer or president of a Borrower 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 of Borrower as of the last Business Day of such month, month (Ban “Accounts Receivable Report”) which shall include the amount and age of each Account on an original invoice date aging basis, (C) the name and mailing address of each Account Debtor, (D) a detailing of all Accounts which do not constitute Eligible Accounts, and (E) such other information as Lender Bank may require (eachin order to verify the Eligible Accounts, an “Accounts Receivables Report”); all in reasonable detail and in form acceptable to Bank, (ii) a report listing (A) all Inventory and all Eligible Inventory of each Borrower’s accounts payable, (B) Borrower as of the number of days which have elapsed since the original date of invoice last Business Day of such accounts payablemonth, (C) the name cost thereof, specifying raw materials, work-in-process, finished goods and address all Inventory which has not been timely sold by Borrower in the ordinary course of each Person to whom such accounts payable are owedbusiness, and (D) such other detail Lender information as Bank may request require relating thereto, all in form acceptable to Bank (each, an “Accounts Payable Inventory Report”); , and (iii) each any other report as Lender Bank may from time to time require in its Permitted Discretionsole discretion, each prepared with respect to such periods and with respect to such information and reporting as Lender Bank may requestrequire.