Common use of Records and Schedules of Accounts Clause in Contracts

Records and Schedules of Accounts. Each Borrower shall keep accurate and complete records of its Accounts in all material respects, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall also provide to Agent, on each date that a Borrowing Base Report is delivered or required to be delivered pursuant to Section 8.1, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 or more cease to be Eligible Accounts, Borrower Agent shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

Records and Schedules of Accounts. Each Borrower shall keep accurate and complete records of its Accounts in all material respectsAccounts, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent, on such periodic basis as Agent may requestrequest (but in any event no less frequently than monthly), and Agent shall promptly deliver same to Lenders. Each Borrower shall also provide to AgentAgent (and Agent shall promptly deliver same to Lenders), on or before the 20th day of each date that a Borrowing Base Report is delivered or required to be delivered pursuant to Section 8.1month and at such other times as Agent may request during any Reporting Trigger Period, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding monthmonth and as of the end of such other period as Agent may request during any Reporting Trigger Period, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or and including such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 5,000,000 or more cease to be Eligible Accounts, Borrower Agent Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

Records and Schedules of Accounts. Each Borrower Obligor shall keep accurate and complete records of its Accounts in all material respects, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower Agent shall also provide to Agent, on or before the 15th day of each date that a Borrowing Base Report is delivered or required to be delivered pursuant to Section 8.1month, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts of the Obligors as of the end of the preceding month, specifying each Account’s Account Debtor name and addressname, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or such materials are to the extent Agent reasonably requested by Agentrequests, documents evidencing proof of deliverydelivery or completion, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and any other information as information; provided that during any Trigger Period (Reporting), the Borrower Agent may reasonably requestshall deliver such aged trial balance of Accounts by Wednesday of each week (or if Wednesday is not a Business Day, on the next succeeding Business Day). If Accounts in an aggregate face amount of $2,000,000 1,000,000 or more cease to be Eligible Accounts, Borrower Agent Obligors shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower Obligor has knowledge thereof.

Records and Schedules of Accounts. Each Borrower shall keep submit to Agent (and, to the extent received in electronic form from the Borrowers, Agent shall promptly deliver the same to each Lender upon the written request of such Lender), on or before the 20th day of each month (or more frequently as requested by Agent following the occurrence of an Event of Default), accurate and complete records of its Accounts in all material respectsAccounts, including all payments and collections thereon, in and a manner consistent with past business practices, summary aged trial balance and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent. To the extent Agent has so requested, on such periodic basis as Agent may request. Each each Borrower shall also provide to Agent, on or before the 20th day of each date that a Borrowing Base Report is delivered month (or required to be delivered pursuant to Section 8.1more frequently as Agent may request during the continuance of an Event of Default), an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or and including such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 or more cease to be Eligible Accounts, Borrower Agent Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

Records and Schedules of Accounts. Each Borrower shall keep submit to Agent, on or before the 20th day of each month (or more frequently as requested by Agent following the occurrence of an Event of Default), accurate and complete records of its Accounts in all material respectsAccounts, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent a summary aged trial balance and sales, collection, reconciliation and other reports in form satisfactory to Agent. To the extent Agent has so requested, on such periodic basis as Agent may request. Each each Borrower shall also provide to Agent, on or before the 20th day of each date that a Borrowing Base Report is delivered month (or required to be delivered pursuant to Section 8.1more frequently as Agent may request during the continuance of an Event of Default), an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or and including such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 or more cease to be Eligible Accounts, Borrower Agent Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

Records and Schedules of Accounts. Each Borrower shall keep accurate and complete records of its Accounts in all material respectsAccounts, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent, on such periodic basis as Agent may requestrequest (which reports shall not be required to be delivered more frequently than the Borrowing Base Certificates are required to be delivered under Section 8.1, unless a Default or Event of Default has occurred and is continuing). Each Borrower shall also provide to Agent, on or before the 15th day of each date that a Borrowing Base Report is delivered or required to be delivered pursuant to Section 8.1month, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or and including such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 500,000 or more cease to be Eligible AccountsAccounts for any reason other than the payment thereof in cash in accordance with its terms, Borrower Agent Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

Records and Schedules of Accounts. Each Borrower shall keep accurate and complete records of its Accounts in all material respects, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall also provide to Agent, on each date that a Borrowing Base Report is delivered or required to be delivered pursuant to Section 8.1, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or such materials are reasonably requested by Agent, documents evidencing proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 or more cease to be Eligible Accounts, Borrower Agent Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.