Property Operating Statement. No later than forty (40) days after the end of each calendar month a Property Operating Statement:
(a) concurrent with the delivery of each Property Operating Statement, statements for such calendar month detailing, as an attachment to such Property Operating Statement, (i) Borrower’s consolidated Cash Position, on a cash basis, as of the last day of the immediately preceding month, and (ii) Borrower’s aged accounts payable, in each instance presented in a format substantially similar to Exhibit D and each prepared by Borrower and accompanied by a certification of an authorized representative of Borrower acceptable to the Administrative Agent (an “Authorized Officer”), dated the date of the delivery of the statement to Administrative Agent, and further certifying that to the knowledge of the Authorized Officer no Default exists under any provision of this Agreement or any of the other Loan Documents; and
(b) concurrent with the delivery of each Property Operating Statement, a list of all payments made by Borrower to any Person (other than Administrative Agent) during the calendar month preceding the Payment Date and indicating whether the payment was (i) for expenses of a type described in clauses (a)–(e) of the definition of “Net Operating Cash Flow,” or (ii) authorized under an AFE approved by the Administrative Agent.
Property Operating Statement. Beginning on the twenty-fifth (25th) day of the month immediately following the first Advance under the Term Loan and continuing thereafter, within twenty-five (25) days after the end of each calendar month ( such month being the “Reported Month”), a POS including:
(i) attachments prepared by Borrower detailing (A) Sales Volumes associated with cash payments received during the Reported Month, (B) all cash payments received during the Reported Month in respect of the Properties, and (C) Borrower’s aged accounts payable at the end of the Reported Month, and accompanied by a certification of a Responsible Officer, dated as of the date on which Administrative Agent receives the POS, and certifying that, to the knowledge of the Responsible Officer, no Default exists under any of the Loan Documents; and
(ii) a list of invoices paid or to be paid by Borrower to any Person (other than Administrative Agent) from the revenues described in the preceding Section 5.6(d)(i)(B) and such other information that Administrative Agent requests from time to time.
Property Operating Statement. On the twenty-fifth (25th) day of the month immediately following the Closing Date and continuing thereafter, within twenty-five (25) days after the end of each calendar month (such month being the “Reported Month”), a POS including attachments prepared by the Loan Parties detailing (A) Sales Volumes associated with cash payments received during the Reported Month, (B) all cash payments received during the Reported Month in respect of the Properties, and (C) Borrower’s aged accounts payable at the end of the Reported Month, and accompanied by a certification of a Responsible Officer, dated as of the date on which Administrative Agent receives the POS, and certifying that, to the knowledge of the Responsible Officer, no Event of Default exists under any of the Loan Documents.
Property Operating Statement. Within forty-five (45) days after the end of each June 30 and each December 31, an operating statement for the Property, in form and substance acceptable to Bank.
Property Operating Statement. Beginning on the twenty-fifth (25th) day of the month immediately following the first Advance pursuant to Section 2.3(b) and continuing thereafter, within twenty-five (25) days after the end of each calendar month (such month being the “Reported Month”), a POS including:
(i) attachments prepared by Borrower detailing (A) Sales Volumes associated with cash payments received during the Reported Month, (B) all cash payments received during the Reported Month in respect of the Properties, and (C) Borrower’s aged accounts payable at the end of the Reported Month, and accompanied by a certification of a Responsible Officer, dated as of the date on which Administrative Agent receives the POS, and certifying that, to the knowledge of the Responsible Officer, no Event of Default exists under any of the Loan Documents; and
(ii) a list of invoices paid or to be paid by Borrower to any Person (other than Administrative Agent) from the revenues described in the preceding Section 5.6(d)(i)(B) and such other information that Administrative Agent requests from time to time.
(h) Section 5.6(f) of the Credit Agreement is deleted in its entirety and replaced with the following:
