Periodic Report. The Bank shall have received a current Accounts Receivable Report and a current Inventory Report (as required by Section 5.6 ("Financial Information") sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Nstor Technologies Inc), Revolving Credit and Security Agreement (Advanced Communication Systems Inc)
Periodic Report. The Bank shall have received a current Accounts Receivable Report, Accounts Payable Report and a current Inventory Report (as required by Section 5.6 6.6 ("Financial Information") sufficient satisfactory to Bank in form and substance to calculate and verify the Borrowing Baseits sole discretion.
Appears in 1 contract
Samples: Term Loan, Revolving Credit and Security Agreement (Able Telcom Holding Corp)
Periodic Report. The Bank shall have received a current Accounts Receivable Report and a current Inventory Report (as required by Section 5.6 ("Financial Information"SECTION 5.6) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 1 contract
Samples: Credit and Security Agreement (Prestige Cosmetics Corp)
