Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:_________________________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").
Appears in 2 contracts
Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)
Reporting Covenant Required Complies. A/R Monthly consolidated and A/P Agings Monthly on 15th day and last day Yes No Monthly consolidating financial statements with Compliance Certificate Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual financial statement (CPA Audited) FYE within 120 270 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Tangible Net Worth $3,300,000 Annual Financial Projections Within 30 days after Board approval Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 409A Valuation Report Annually or within 30 days of Board approval Yes No only monthly on The following Intellectual Property was registered after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:_________________________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:_state "None") _______________________________________________ The following are the exceptions with respect to the certification above: (If no exceptions exist, state "No exceptions to note.") QUANTENNA COMMUNICATIONS, INC. BANK USE ONLY Received by: _________________________ By: _____________________________ AUTHORIZED SIGNER Name: ___________________________ Date: _______________________________ Title: ____________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No EXHIBIT C - LOAN PAYMENTIADVANCE REOUEST FORM DEADLINE FOR SAME DAY PROCESSING IS NOON PACIFIC TIME Fax To: (000) 000-0000 Date: ______________________ LOAN PAYMENT: QUANTENNA COMMUNICATIONS. INC. From Account # ___________________________ To Account # ___________________________________ (Deposit Account #) (Loan Account #) Principal $_______________________________ and/or Interest $ ________________________________ Authorized Signature: ______________________ Phone Number: _____________ Print Name/Title: __________________________ LOAN ADVANCE Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # ________________________ To Account # ___________________________________ (Loan Account #) (Deposit Account #) Amount of Advance $, ___________________ All Borrower's representations and warranties in the Mezzanine Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: ___________________ Phone Number: ___________________________ Print Name/Title: _______________________ OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: ________________________ Amount of Wire: $______________________________ Beneficiary Bank: ________________________ Account Number: _______________________________ City and State: ___________________________ Beneficiary Bank Transit (ABA) #: ___________ Beneficiary Bank Code (Swift, Sort. Chip, etc.): _______ (For International Wire Only) Intermediary Bank: ________________________ Transit (ABA) #: ________________________________ For Further Credit to: _____________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:_Special Instruction: _______________________________________________ DATE Compliance StatusBy signing below, I (we) acknowledge and agree that my (our)funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us). Authorized Signature: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $______________________ 2. Additions 2nd Signature (please explain on reverse) $if required): ______________________ 3. TOTAL ACCOUNTS RECEIVABLE $Print Name/Title: __________________________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $Print Name/Title: _____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:Telephone #: ___________________ Authorized Signer Date:_______________________ Verified:Telephone #: ___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor")._________________
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Quantenna Communications Inc), Mezzanine Loan and Security Agreement (Quantenna Communications Inc)
Reporting Covenant Required Complies. Cash holdings report Within 30 days of month end Yes No Quarterly financial statements with Compliance Certificate Within 45 days of fiscal quarter end Yes No Quarterly BBC + A/P and A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly + deferred revenue reports Within 45 days of fiscal quarter end (if at or aboveBorrowing Threshold, within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day of each month) Yes No Annual financial statement (CPA Audited) + Compliance Certificate Within 90 days of FYE within 120 Yes No 10‑Q, 10‑K and 8-K Within 5 days after filing with SEC Yes No Board approved financial projections Within 45 days of FYE Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No September 28, 2012 $(3,100,000) December 28, 2012 $(2,000,000) March 29, 2013 $— June 28, 2013 through fiscal quarter ending December 27, 2013 $1,000,000 Minimum Liquidity 1.50:1.00 _____:1.00 Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:Notification Purposes Only Not Required Financial Covenant - For Pricing Purposes Only Consolidated Leverage Ratio _______ : _______________ The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By:Name:Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE authorized signer Date:________________________________________________ _____________________: _________________________ Verified:: ________________________ authorized signer Date: _________________________ TITLE AUTHORIZED SIGNER Compliance Status:Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day Annual Operating Budget and last day Financial Projections Within 30 days after start of Fiscal Year Yes No Annual (CPA Audited) FYE 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings and Reconciliations Monthly within 120 15 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Transaction Report Weekly and with each request for an Advance if Hard Credit Extensions outstanding; otherwise, monthly within 15 days Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on The following Intellectual Property was registered after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:state “None”) _________________________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum Tangible Net Worth $1,500,000 plus (i) 50% o new equity an subordinated debt plus (ii) 50% of quarterly net income $_______ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) _____________________________________________________________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________________________________________________________________________________________________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARELANTRONIX, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd ByName:________________________ Authorized Signer Title:_________________________ BANK USE ONLY Received by: _____________________ authorized signer Date:: _________________________ Verified:: ________________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as authorized signer Date: _________________________ Compliance Status: Yes No Schedule I to Compliance Certificate Financial Covenants of October 28, 1998, by Borrower Dated: ____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $1,500,000 plus (i) 50% of consideration for equity securities and between SILICON VALLEY BANK subordinated debt plus ("Bank"ii) and CROSSWORLDS SOFTWARE, INC. ("Grantor").50% of Borrower's quarterly net income Actual:
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 days Yes [ ] No Borrowing Base Certificate Monthly on 15th day and last day Yes No [ ] Annual (CPA Audited) FYE within 120 days days* Yes [ ] No Financial Covenant Required Actual Complies [ ] Total amount of Borrower's cash and investments Amount: $________ Yes [ ] No [ ] Total amount of Borrower's cash and investments Amount: $________ Yes [ ] No [ ] maintained with Bank A/R & A/P Agings, Borrowing Base Cert. 1st & 15th of each month Yes [ ] No [ ] A/R Audit Semi-Annual Yes [ ] No [ ] FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- -------------- Maximum Net Loss** $1.00 $________ Yes [ ] No [ ] Adjusted Quick Ratio 1.50:1.00 _Ratio** 1.10:1.00 ____:1.00 Yes [ ] No Tangible Net Worth [ ] Minimum Cash at Bank $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 750,000 $_____:1.00 ___ Yes [ ] No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than [ ] $5,000,000 2.5MM New Equity 6/15/05 _________ Yes [ ] No [ ] $2.5MM Term Sheet 5/2/05 Yes [ ] No [ ] * August 31, 2005 for FYE 12/31/2005 **Equipment Term debt only --------------------------------------------------------- * Waived through 6/30/05 Comments Regarding Exceptions: See Attached. BANK USE ONLY Received by: ---------------------------------------- Sincerely, Received by:_________________________________________ AUTHORIZED SIGNER ______________________________________________ Date: ----------------------------------------------- Verified: -------------------------------------------- ------------------------------------------- SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ : -------------------------------------------- ----------------------------------------------- TITLE Compliance Status Yes [ ] No [ ] -------------------------------------------- DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 This Third Amendment to Amended and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Restated Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28August 22, 19982005 (the "Amendment"), by and between SILICON VALLEY COMERICA BANK ("Bank") and CROSSWORLDS SOFTWARESOUNDBITE COMMUNICATIONS, INC. ("GrantorBorrower").
Appears in 1 contract
Samples: Loan and Security Agreement (Soundbite Communications Inc)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly Annual financial statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 90 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Monthly financial statements and Compliance Certificate Prior to each Credit Extension, and monthly within 30 days Yes No Tangible Net Worth $3,300,000 10K and 10Q Within 5 days of filing Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Annual operating budget, sales projections and operating plans approved by board of directors Annually no later than 30 days after the beginning of each fiscal year Yes No only monthly on Intellectual Property Report Quarterly no later than 30 days after the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:end of each fiscal quarter Yes No Deposit balances with Bank $ ___________________ Deposit balance outside Bank $ ___________________ Comments Regarding Exceptions: See Attached. BANK USE ONLY Received by: _________________________ Sincerely, AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:_______________________: _________________________ ______________________________________________ Verified:___________________: _________________________ TITLE SIGNATURE AUTHORIZED SIGNER ______________________________________________ Date:: _________________________ TITLE Compliance Status Yes No ___________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: D SECURED PROMISSORY NOTE (Term [A][B] Loan) $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $[_____] Dated: [________ 2. Additions ] FOR VALUE RECEIVED, the undersigned, CYTOSORBENTS CORPORATION, a Delaware corporation with offices located at 0 Xxxx Xxxx Xxxxx, Xxxxx X, Xxxxxxxx Xxxxxxxx, XX 00000 and CYTOSORBENTS MEDICAL, INC., a Delaware corporation with offices located at 0 Xxxx Xxxx Xxxxx, Xxxxx X, Xxxxxxxx Xxxxxxxx, XX 00000 (please explain on reverseindividually and collectively, jointly and severally “Borrower”) HEREBY PROMISES TO PAY to the order of WESTERN ALLIANCE BANK (“Bank”) the principal amount of FIVE MILLION DOLLARS ($_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication5,000,000.00) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% such lesser amount as shall equal the outstanding principal balance of #13) $_____________ BALANCES 15. Maximum the Term [A][B] Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect made to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment Borrower by the account debtor may be conditional. The undersigned represents Bank, plus interest on the aggregate unpaid principal amount of such Term Loan, at the rates and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies accordance with the representations terms of the Amended and warranties Restated Loan and Security Agreement dated March 29, 2018 by and between Borrower and the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on the Maturity Date as set forth in the Loan Agreement. Any capitalized term not otherwise defined herein shall have the meaning attributed to such term in the Loan Agreement. Principal, interest and Security all other amounts due with respect to the Term [A][B] Loan, are payable in lawful money of the United States of America to the Bank as set forth in the Loan Agreement between and this Secured Promissory Note (this “Note”). The principal amount of this Note and the undersigned interest rate applicable thereto, and Silicon Valley Bankall payments made with respect thereto, shall be recorded by the Bank and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Note. COMMENTS: CROSSWORLDS SOFTWAREThe Loan Agreement, INCamong other things, (a) provides for the making of a secured Term [A][B] Loan by the Bank to Borrower, and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Note may not be prepaid except as set forth in Section 2.2 (c) and Section 2.2(d) of the Loan Agreement. This Note and the obligation of Borrower to repay the unpaid principal amount of the Term [A][B] Loan, interest on the Term [A][B] Loan and all other amounts due to the Bank under the Loan Agreement is entered into secured under the Loan Agreement. Presentment for payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and enforcement of this Note are hereby waived. Borrower shall pay all reasonable fees and expenses, including, without limitation, reasonable attorneys’ fees and costs, incurred by the Bank in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. This Note shall be governed by, and construed and interpreted in accordance with, the internal laws of the State of California. The ownership of an interest in this Note shall be registered on a record of ownership maintained by the Bank or its agent. Notwithstanding anything else in this Note to the contrary, the right to the principal of, and stated interest on, this Note may be transferred only if the transfer is registered on such record of ownership and the transferee is identified as the owner of October 28, 1998, by an interest in the obligation. Borrower shall be entitled to treat the registered holder of this Note (as recorded on such record of ownership) as the owner in fact thereof for all purposes and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor")shall not be bound to recognize any equitable or other claim to or interest in this Note on the part of any other person or entity.
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 20 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 90 days Yes No A/R and A/P Agings, Borrowing Base Cert. Monthly within 20 days Yes No A/R Audit Initial and Semi-annual Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on On a Quarterly Basismonthly basis for Borrower: ----------------------------- Quick Current Ratio 1.50:1.00 1.75:1.00 _____:1.00 1.0 Yes No Tangible Net Worth Minimum TNW* $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:________ $________ Yes No Profitability (quarterly) ** $1.00 $________ Yes No * $2,500,000 plus 50% of quarterly NPAT. ** Commencing with quarter ending March 31, 2000. Comments Regarding Exceptions: See Attached ---------------------------------------- Sincerely, BANK USE ONLY ___________________________________ AUTHORIZED SIGNER _____________________Received By:_________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________ TITLE Verified:____________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $___________________________________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. ByAUTHORIZED SIGNER DATE Date:________________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd Compliance Status: Yes No ---------------------------------------- EXHIBIT E REVOLVING PROMISSORY NOTE $1,000,000 Palo Alto, California August 25, 1999 VIDEONICS, INC. ("Borrower"), for value received, hereby promises to pay to the order of VENTURE BANKING GROUP, a division of Cupertino National Bank ("Bank"), in lawful money of the United States of America, pursuant to that certain Loan and Security Agreement dated as of the date hereof, by and between Borrower and Bank (the "Loan Agreement"), (i) the principal amount of One Million Dollars ($1,000,000), or, if lesser, (ii) the aggregate principal amount of all Advances (the "Revolving Advances") outstanding as of the maturity date hereof. This Note is the Note referred to in the Loan Agreement. All terms defined in the Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. Borrower further promises to pay interest on each Revolving Advance hereunder in like funds on the principal amount hereof from time to time outstanding from the date hereof until paid in full, at a rate or rates per annum and payable on the dates determined pursuant to the Loan Agreement. Payment on this Note shall be applied in the manner set forth in the Loan Agreement. The Loan Agreement contains provisions for acceleration of the maturity of Revolving Advances hereunder upon the occurrence of certain stated events and also provides for optional and mandatory prepayments of principal hereof prior to any stated maturity upon the terms and conditions therein specified. All Revolving Advances made by Bank to Borrower pursuant to the Loan Agreement shall be recorded by Bank on the books and records of Bank. The failure of Bank to record any Revolving Advance or any prepayment or payment made on account of the principal balance hereof shall not limit or otherwise affect the obligation of Borrower under this Note and under the Loan Agreement to pay the principal, interest and other amounts due and payable under the Revolving Advances. Any principal or interest payments on this Note not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest at the Default Rate. Upon the occurrence of a default hereunder or an Event of Default under the Loan Agreement, all unpaid principal, accrued interest and other amounts owing hereunder shall, at the option of Bank, be immediately collectible by or on behalf of Bank pursuant to the Loan Agreement and applicable law. Except as otherwise provided in the Loan Agreement, Borrower waives presentment and demand for payment, notice of dishonor, protest and notice of protest of this Note, and shall pay all costs of collection when incurred, including reasonable attorneys' fees, costs and expenses. The right to plead any and all statutes of limitations as a defense to any demand hereunder is hereby waived to the full extent permitted by law. The amount of this Note is secured by the Collateral identified and described as security therefor in the Loan Agreement. This Note shall be governed by, and construed and enforced in accordance with, the laws of the State of California, excluding conflict of laws principles that would cause the application of the laws of any other jurisdiction. The provisions of this Note shall inure to the benefit of and be binding upon any successor to Borrower and shall extend to any holder hereof. VIDEONICS, INC. By:: ___________________ Authorized Signer Date:_______________________ Verified:Title: _________________________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWAREDISBURSEMENT REQUEST AND AUTHORIZATION Borrower: VIDEONICS, INC. ("Grantor")================================================================================ LOAN TYPE. This is a variable rate, line of credit of a principal amount up to $1,000,000. PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for business. SPECIFIC PURPOSE. The specific purpose of this loan is: to support growth in trading assets.
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Financial Statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE Audited Financial Statements Annually within 120 days after FYE Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Board Approved Projections Annually within 30 days after FYE Yes No Tangible Net Worth $3,300,000 Compliance Certificate Monthly within 30 days Yes No Maintain on a Monthly BasisThe following are the exceptions with respect to the certification above: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes (If no exceptions exist, state "No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptionsexceptions to note.") ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ MELA SCIENCES, INC. By: See Attached. BANK Name: Title: AGENT USE ONLY Sincerely, Received by:: _____________________ authorized signer Date: _________________________ AUTHORIZED SIGNER Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No EXHIBIT C CREDIT EXTENSION FORM Deadline is Noon New York Time Date: __________________, 201__ Loan Advance: ______________________________________________ SIGNATURE Date:__________________________________________________________ Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $From Account #_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:To Account #___________________ Authorized Signer Date:_______________________ Verified:(Loan Account #) (Deposit Account #) Amount of Advance $___________________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Requested Date of Advance (subject to requirements of Credit Agreement): ______________ All Borrower's representations and warranties in the Credit and Security Agreement is entered into are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further, that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of October 28such date: Authorized Signature: Phone Number: _______ Print Name/Title: Outgoing Wire Request: Complete only if all or a portion of funds from the loan advance above is to be wired. Beneficiary Name: _____________________________ Amount of Wire: $ Beneficiary Lender: ____________________________ Account Number: City and State: Beneficiary Lender Transit (ABA) #: Beneficiary Lender Code (Swift, 1998Sort, Chip, etc.): (For International Wire Only) Intermediary Lender: Transit (ABA) #: For Further Credit to: Special Instruction: By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by and between SILICON VALLEY BANK me. Authorized Signature: ___________________________ 2nd Signature ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").if required): ________________________ Print Name/Title: ______________________________ Print Name/Title: _______________________________ Telephone #: Telephone #: _________________________
Appears in 1 contract
Samples: Credit and Security Agreement (STRATA Skin Sciences, Inc.)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Financial Reports [Reserved] Yes No Monthly financial statements Monthly Compliance Certificate Commencing on the date of the Initial Borrowing, monthly within 30 days Yes No Borrowing Base Certificate Monthly Commencing on 15th day the date of the Initial Borrowing and last day prior to the Accounts Receivable Triggering Event, monthly within 30 days and upon each request for a Credit Extension Yes No Quarterly financial statements Commencing on the date of the Initial Borrowing, quarterly within 45 days Yes No Annual financial statement (CPA Audited) FYE within 120 + XX XXX within150 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 A/R & A/P Agings and Deferred Revenue reports (as necessary) Monthly within 15 days Yes No Tangible Net Worth $3,300,000 Transaction Reports Commencing on the date of the Initial Eligible Accounts Borrowing and after the Accounts Receivable Triggering Event, monthly within 30 days and upon each request for a Credit Extension Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Projections FYE within 30 days, and as amended and/or updated Yes No only monthly on Cash Burn Certificate and supporting ledger reports Monthly within 20 days Yes No The following Intellectual Property was registered after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:state “None”) _________________________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ Performance Pricing Applies AQR > 1.50:100 Prime + 1.00% Yes No AQR < 1.50:100 Prime + 2.00% Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) Delcath Systems, Inc. BANK USE ONLY Received by: _________________________ AUTHORIZED SINGER By: ___________________________ Name: _________________________ Date: _______________________________ Verified:Title: __________________________ Verified: _____________________________ AUTHORIZED SINGER Date: _______________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").No
Appears in 1 contract
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 45 days Yes No Annual financial statement (CPA Audited) + XX XXX within 180 days Yes No Board Projections Within 45 days prior to next FY Yes No 10-Q, 10-K and 8-K, if applicable Within 5 days after filing with SEC Yes No Transaction Report Weekly and with each Advance, but if no borrowings during the month, then monthly within 15 days Yes No A/R and & A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements A/R Reconciliations Monthly within 30 15 days Yes No Borrowing Base Certificate Customer Deposit Schedule and Deferred Revenue Report Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 15 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on The following Intellectual Property was registered after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:state “None”) _________________________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum Tangible Net Worth <$8,500,000> $_______ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Creative Concepts Holding, Inc. Creative Concepts Software, Inc. Sentinel Business Systems, Inc. By: Name: Title: BANK USE ONLY Received by: ______________________ authorized signer Date: _________________________ Verified:: ________________________ authorized signer Date: _________________________ TITLE AUTHORIZED SIGNER __________________________Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated: ____________________ DateTangible Net Worth (Section 6.9(a)) Required: <$8,500,000> Actual:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").
Appears in 1 contract
Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly Quarterly financial statements Monthly with Compliance Certificate Quarterly within 30 45 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual financial statement (CPA Audited) FYE within 120 90 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Board approved Operating Budget FYE within 45 days Yes No Tangible Net Worth $3,300,000 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Maintain on The following Intellectual Property was registered (or a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on registration application submitted) after the 15th day 2014 Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:_________________________________________ AUTHORIZED SIGNER state “None”) ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ DateFinancial Covenant Required Actual Complies Leverage Ratio (Quarterly) * _____:1.0 Yes No Minimum Fixed Charge Coverage Ratio (Quarterly) ** _____:1.0 Yes No Liquidity (Quarterly) $5,000,000 $______ Yes No Performance Pricing LIBOR Advance Primate Rate Advance Applies Leverage Ratio < 1.00 LIBOR plus 2.25% Prime plus 1.25% Yes No Leverage Ratio > 1.00 but less than 2.00 LIBOR plus 2.75% Prime plus 1.75% Yes No Leverage Ratio > 2.00 LIBOR plus 3.25% Prime plus 2.25% Yes No *As set forth in Section 6.7(b) of the Agreement. **As set forth in Section 6.7(c) of the Agreement. The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NUMEREX CORP., as agent By: Name: Title: BANK USE ONLY Received by: ________________________ authorized signer Date: _________________________ DATE Compliance StatusVerified: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $________________________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTSauthorized signer Date: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").Compliance Status: Yes No
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 days Yes No 10K and 10Q (as applicable) Yes No A/R & A/P Agings, Borrowing Base Certificate Cert. Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 20 days Yes No Financial Covenant Required Actual Complies A/R Audit Initial and Annual Yes No IP Report Quarterly within 30 days Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Quarterly Monthly Basis: ----------------------------- Minimum Adjusted Quick Ratio 1.50:1.00 1.5:1.00 _____:1.00 Yes No Tangible Net Worth Minimum EBITDA $3,300,000 ________ $_________ Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 Total Liabilities - Convertible Subordinated 2.25:1 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding ExceptionsDebt/Tangible Net Worth and Convertible Subordinated Debt COMMENTS REGARDING EXCEPTIONS: See Attached. BANK USE ONLY Received by: ----------------------------------------------------- Sincerely, Received by:AUTHORIZED SIGNER Date: ------------------------------------------------------------ Verified: ----------------------------------------------- -------------------------------------------------------- SIGNATURE AUTHORIZED SIGNER Date: ----------------------------------------------- ------------------------------------------------------------ TITLE Compliance Status Yes No ----------------------------------------------- DATE SCHEDULE OF EXCEPTIONS Permitted Indebtedness (Exhibit A) None. Permitted Investments (Exhibit A) Borrower may pay operating expenses (not to exceed $500,000 in any one year) and salaries of employees of ServiceWare Limited, Borrower's wholly-owned subsidiary formed and located in the United Kingdom. Permitted Liens (Exhibit A) None. Other Collateral (Section 5.3) Borrower maintains cash investments in deposit account number _____________ with X.X. Xxxxxxxxx, Towbin. Prior Names (Section 5.5) None. Litigation (Section 5.6) None. Inbound Collateral (Section 5.12) None. COMERICA BANK - CALIFORNIA MEMBER FDIC ITEMIZATION OF AMOUNT FINANCED DISBURSEMENT INSTRUCTIONS (REVOLVER) Name(s): ServiceWare Technologies, Inc. Date: $ credited to deposit account No. _______________ when Advances are requested or disbursed to Borrower by cashiers check or wire transfer Amounts paid to others on your behalf: $18,750 to Comerica Bank - California for Loan Fee $ to Comerica Bank - California for accounts receivable audit (estimate) $ to Bank counsel fees and expenses $ to _______________ AUTHORIZED SIGNER _______________________________$ to _______________ SIGNATURE $ TOTAL (AMOUNT FINANCED) Upon consummation of this transaction, this document will also serve as the authorization for Comerica Bank - California to disburse the loan proceeds as stated above. ----------------------------------- ---------------------------------------- Signature Signature COMERICA BANK - CALIFORNIA MEMBER FDIC ITEMIZATION OF AMOUNT FINANCED DISBURSEMENT INSTRUCTIONS (TERM LOAN) Name(s): ServiceWare Technologies, Inc. Date:: $ credited to deposit account No. __________________________________ when Advances are requested or disbursed to Borrower by cashiers check or wire transfer Amounts paid to others on your behalf: $ to Comerica Bank - California for Loan Fee $ to Comerica Bank - California for accounts receivable audit (estimate) $ to Bank counsel fees and expenses $ to _______________ _______________________________$ to _______________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ $ TOTAL (AMOUNT FINANCED) Upon consummation of this transaction, this document will also serve as the authorization for Comerica Bank - California to disburse the loan proceeds as stated above. ----------------------------------- ---------------------------------------- Signature Signature AGREEMENT TO PROVIDE INSURANCE TO: COMERICA BANK-CALIFORNIA Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ October 16, 2002 Loan Documentation Services Operations 0000 X. Xx Xxxxxxx Blvd. 14th Floor Inglewood, CA 90301 Borrower: CrossWorlds SoftwareServiceWare Technologies, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as In consideration of a loan in the amount of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 2,500,000 secured by all tangible personal property including inventory and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor")equipment.
Appears in 1 contract
Samples: Loan and Security Agreement (Serviceware Technologies Inc/ Pa)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Quarterly financial statements (consolidated) Quarterly within 45 days Yes No Annual (CPA Audited) FYE within 120 90 days Yes No Financial Covenant Required Actual Complies A/R & A/P Agings Monthly within 15 days Yes No A/R Audit Initial and Semi-Annual Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Quarterly Monthly Basis: ----------------------------- Minimum Quick Ratio 1.50:1.00 1.25-1.00 ____ :__:1.00 Yes No Minimum Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than 5,000,000 $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:_________ Yes No Maximum Debt/Tangible Net Worth 1.25:1.00 __ :__:1.00 Yes No Maintain on a Quarterly Basis: Minimum Quick Ratio (Consolidated) 1.00:1.00 __ :__:1.00 Yes No Minimum Debt Service Coverage 1.75:1.00 __ :___________________:1.00 Yes No Profitability: Quarterly $1.00 $__________ AUTHORIZED SIGNER ____________________________________Yes No Annual $1.00 $__________ Yes No Comments Regarding Exceptions: See Attached. ----------------------------------------- Sincerely, BANK USE ONLY Received by: /s/ XXXXX XXXXXXXXXXX ------------------------- ----------------------------- AUTHORIZED SIGNER SIGNATURE Date:________________________________________________ ______________________________________________ : ----------------------------- -------------------------------- TITLE Verified:____________________________________________ TITLE : ---------------------------- AUTHORIZED SIGNER ______________________________________________ ----------------------------- DATE Date:________________________________________________ DATE : -------------------------------- Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value ----------------------------------------- NEGATIVE PLEDGE AGREEMENT This Negative Pledge Agreement is made as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* August 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 19981997, by and between INTEGRATED SENSOR SOLUTIONS, INC. ("Borrower") and SILICON VALLEY BANK ("Bank") ). In connection with the Loan Documents begin concurrently executed between Borrower and CROSSWORLDS SOFTWAREBank, INC. ("Grantor").Borrower agrees as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Integrated Sensor Solutions Inc)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements (including income statement and statement of cash flows) with Compliance Certificate and Deferred Revenue Report Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual financial statement (CPA Audited) FYE + XX XXX within 120 150 days Yes No A/R & A/P Agings Monthly within 20 days Yes No Transaction Reports Weekly and with each Credit Extension (Monthly within 30 days under Streamline) Yes No Projections/Operating Budgets Earlier of (i) 15 days after approval by board of directors or (ii) January 31st of each fiscal year Yes No The following Intellectual Property was registered after the Effective Date (if no registrations, state “None”) Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basisas indicated: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Minimum Tangible Net Worth** ($ 7,000,000 ) $ Yes No Streamline Reporting Applies Tangible Net Worth ³ (3,500,000) *** Yes No Tangible Net Worth $3,300,000 < (3,500,000) *** Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on ** Increase by (1) fifty percent (50%) of the 15th day if net proceeds from the aggregate outstanding Revolving Advances are less than $5,000,000 Issuance of equity or Subordinated Debt (excluding Indebtedness incurred pursuant to the Subordinated Loan Agreement and including the Silver Lake Subordinated Indebtedness), and (ii), twenty-five percent (25%) of quarterly Net Income. **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions* Increase by fifty percent (50%) of the net proceeds from the issuance of equity or Subordinated Debt (excluding Indebtedness incurred pursuant to the Subordinated Loan Agreement and including the Silver Lake Subordinated Indebtedness). The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: See Attached(If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------ MAVENIR SYSTEMS, INC. BANK USE ONLY Sincerely, By: Received by:_________________________________________ : Name: AUTHORIZED SIGNER ______________________________________________ SIGNATURE Title: Date:________________________________________________ ______________________________________________ : Verified:____________________________________________ TITLE : AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE : Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").No
Appears in 1 contract
Samples: Senior Loan and Security Agreement (Mavenir Systems Inc)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 20 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Monthly Basis: ----------------------------- Minimum Quick Ratio 1.50:1.00 __0.7:1.0 ___:1.00 1.0 Yes No Maximum Debt/Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 __1.75:1.0 ___:1.00 1.0 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Maximum Inventory Days Sales 9.0 ___ Yes No ---------------------------------- Comments Regarding Exceptions: See Attached. Attached BANK USE ONLY Received by: ------------------ Sincerely, Received by:_________________________________AUTHORIZED SIGNER ------------------------------------------- SIGNATURE Date: ------------------------- ------------------------------------------- Verified: TITLE --------------------- AUTHORIZED SIGNER ------------------------------------------- DATE Date: ------------------------- Compliance Status: Yes No ---------------------------------- EXHIBIT C COMPLIANCE CERTIFICATE (Post Equity Event) TO: SILICON VALLEY BANK FROM: ONSALE, INC. The undersigned authorized officer of ONSALE, INC. hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending ________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value with all required covenants except as of $_____________ 2. Additions noted below and (please explain on reverseii) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the all representations and warranties set forth of Borrower stated in the Loan Agreement are true and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into correct in all material respects as of October 28, 1998, by and between SILICON VALLEY BANK the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles ("Bank"GAAP) and CROSSWORLDS SOFTWARE, INCare consistently applied from one period to the next except as explained in an accompanying letter or footnotes. (Please indicate compliance status by circling Yes/No under "Grantor")Complies" column.
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements + CC Monthly within 30 days Yes No Annual (Audited) FYE within 90 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days* Yes No Borrowing Base Certificate Monthly on 15th day and last day within 30 days* Yes No Annual (CPA Audited) FYE *Or monthly within 120 20 days Yes No Financial Covenant Required Actual Complies ------------------ if outstanding Credit Extensions exist. FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ----------------- -------- ------ -------- Maintain on a Quarterly Monthly Basis, unless otherwise stated: ----------------------------- Minimum Adjusted Quick Ratio Ratio** 1.50:1.00 _____:1.00 Yes No Minimum Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 5,000,000*** $_____:1.00 ___ Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 ** To be maintained at all times. **Equipment Term debt * plus 20% of new equity or quarterly profit. Have there been updates to Borrower's intellectual property? Yes / No Borrower only --------------------------------------------------------- Comments Regarding Exceptionshas deposit accounts located at the following institutions: . -------------------------------- -------------------------------- COMMENTS REGARDING EXCEPTIONS: See Attached. BANK USE ONLY -------------------------------- Sincerely, Received by:_______________________: ------------------- AUTHORIZED SIGNER HEALTH GRADES, INC. Date: -------------------------- Verified: -------------------------- ---------------------- SIGNATURE AUTHORIZED SIGNER Date: -------------------------- -------------------------- TITLE Compliance Status: Yes No ------------------------------- -------------------------- DATE [SILICON VALLEY BANK LOGO] SILICON VALLEY BANK PRO FORMA INVOICE FOR LOAN CHARGES BORROWER: HEALTH GRADES, INC. LOAN OFFICER: KEVIN GROSSMAN DATE: FEBRUARY 14, 2005 REVOLVING LOAN FEE $3,500.00 UCC SEARCH FEE 200.00 TOTAL FEE DUE $3,700.00 ------------- ========= PLEASE INDICATE THE METHOD OF PAYMENT: { } A CHECK FOR THE TOTAL AMOUNT IS ATTACHED. { } DEBIT DDA # __________________ FOR THE TOTAL AMOUNT. { } LOAN PROCEEDS BORROWER: BY: ----------------------------------------- (AUTHORIZED SIGNER ______________________________________________ SIGNER) ---------------------------------------------- SILICON VALLEY BANK (DATE) ACCOUNT OFFICER'S SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, the Effective Date by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWAREHEALTH GRADES, INC. ("Grantor").
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual financial statement (CPA Audited) FYE within 120 90 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Tangible Net Worth $3,300,000 Board Approved Projections Annually, as approved by Board Yes No Maintain on a Borrowing Base Certificate Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 within 30 days Yes No only monthly on The following Intellectual Property was registered (or a registration application submitted) after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:_________________________________________ AUTHORIZED SIGNER state “None”) ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ DateFinancial Covenant Required Actual Complies Senior Leverage Ratio (Quarterly) 2.0: 1.0 _____:1.0 Yes No Minimum Fixed Charge Coverage Ratio (Quarterly) 1.25:1.0 _____:1.0 Yes No Liquidity (Monthly) $3,000,000 $______ Yes No Performance Pricing LIBOR Advance Primate Rate Advance Applies Senior Leverage Ratio < 1.00 LIBOR plus 2.75% Prime plus 1.00% Yes No Senior Leverage Ratio > 1.00 but less than 2.00 LIBOR plus 3.50% Prime plus 1.75% Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NUMEREX CORP., as Parent By: Name: Title: BANK USE ONLY Received by: ________________________ authorized signer Date: _________________________ DATE Compliance StatusVerified: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $________________________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTSauthorized signer Date: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").Compliance Status: Yes No
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly Annual financial statements Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 90 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basisfinancial statements and Compliance Certificate Prior to each Credit Extension, and monthly within 30 days Yes No Monthly cash balances statement Prior to each Credit Extension, and monthly within 30 days Yes No 10K and 10Q Within 5 days of filing Yes No Annual operating budget, sales projections and operating plans approved by board of directors Annually no later than 30 days prior to the beginning of each fiscal year Yes No Monthly Cash Burn (after Closing Date)[1]: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 _ Unrestricted deposits with Bank $____________ Covenant At all times after the Closing Date unrestricted cash and cash equivalents held at accounts at the Bank must be greater than or equal to three time the Monthly Cash Burn Yes No only monthly At all times on and after the 15th day if Funding Date of Term B Loan, Parent must achieve 75% of the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:trailing 6-month consolidated revenue Yes No ___________________________________________ 1 Please attach separate sheet showing the calculation Deposit balances with Bank $ ___________________ Deposit balance outside Bank $ ___________________ Comments Regarding Exceptions: See Attached. BANK USE ONLY Received by: Sincerely, AUTHORIZED SIGNER Date: ___________________________________________ Verified: SIGNATURE AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:_____: TITLE Compliance Status Yes No ___________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- Exhibit B EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: D SECURED PROMISSORY NOTE (Term [A][B] Loan) $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $[_____] Dated: [_____] FOR VALUE RECEIVED, the undersigned, FENNEC PHARMACEUTICALS, INC., a Delaware corporation with offices located at 68 XX Xxxxxxxxx Drive, Research Xxxxxxxx Xxxx, XX 00000 (“Borrower”) HEREBY PROMISES TO PAY to the order of WESTERN ALLIANCE BANK (“Bank”) the principal amount of [___ 2. Additions _] DOLLARS (please explain on reverse) $[_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication]) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% such lesser amount as shall equal the outstanding principal balance of #13) $_____________ BALANCES 15. Maximum the Term [A][B] Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect made to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment Borrower by the account debtor may be conditional. The undersigned represents Bank, plus interest on the aggregate unpaid principal amount of such Term [A][B] Loan, at the rates and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies accordance with the representations terms of the Loan and warranties Security Agreement dated February 1, 2019 by and between Borrower and the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on the Maturity Date as set forth in the Loan Agreement. Any capitalized term not otherwise defined herein shall have the meaning attributed to such term in the Loan Agreement. Principal, interest and Security all other amounts due with respect to the Term [A][B] Loan, are payable in lawful money of the United States of America to the Bank as set forth in the Loan Agreement between and this Secured Promissory Note (this “Note”). The principal amount of this Note and the undersigned interest rate applicable thereto, and Silicon Valley Bankall payments made with respect thereto, shall be recorded by the Bank and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Note. COMMENTS: CROSSWORLDS SOFTWAREThe Loan Agreement, INCamong other things, (a) provides for the making of a secured Term [A][B] Loan by the Bank to Borrower, and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Note may not be prepaid except as set forth in Section 2.2 (c) and Section 2.2(d) of the Loan Agreement. This Note and the obligation of Borrower to repay the unpaid principal amount of the Term [A][B] Loan, interest on the Term [A][B] Loan and all other amounts due to the Bank under the Loan Agreement is entered into secured under the Loan Agreement. Presentment for payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and enforcement of this Note are hereby waived. Borrower shall pay all reasonable fees and expenses, including, without limitation, reasonable attorneys’ fees and costs, incurred by the Bank in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. This Note shall be governed by, and construed and interpreted in accordance with, the internal laws of the State of California. The ownership of an interest in this Note shall be registered on a record of ownership maintained by the Bank or its agent. Notwithstanding anything else in this Note to the contrary, the right to the principal of, and stated interest on, this Note may be transferred only if the transfer is registered on such record of ownership and the transferee is identified as the owner of October 28, 1998, by an interest in the obligation. Borrower shall be entitled to treat the registered holder of this Note (as recorded on such record of ownership) as the owner in fact thereof for all purposes and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor")shall not be bound to recognize any equitable or other claim to or interest in this Note on the part of any other person or entity.
Appears in 1 contract
Samples: Loan and Security Agreement (Fennec Pharmaceuticals Inc.)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements + CC Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day 10-Q, 10-K and last day Yes No Annual (CPA Audited) FYE within 120 8-K Within 5 days after filing with SEC Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Monthly Basis: ----------------------------- Minimum Quick Ratio 1.50:1.00 2.00:1.00 _____:1.00 Yes No Maximum Debt/Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 1.00:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than Profitability: Quarterly $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:_______________ Yes No Losses not to exceed: $2,000,000 for the fiscal quarter ended June 30, 1999 Yes No Comments Regarding Exceptions: ---------------------------------------- See Attached. BANK USE ONLY Received by: ___________________________ Sincerely, AUTHORIZED SIGNER ______________________________________________ SIGNATURE Spectrian Corporation Date:______________: __________________________________ ________________________________ Verified: ______________________________ Verified:SIGNATURE AUTHORIZED SIGNER Date: __________________________________ ________________________________ TITLE Compliance Status: Yes No ---------------------------------------- ________________________________ DATE [GRAPHIC OMITTED] SILICON VALLEY BANK PRO FORMA INVOICE FOR LOAN CHARGES BORROWER: Spectrian Corporation LOAN OFFICER: Xxxxx X. Xxxxx DATE: August 9, 1999 Revolving Loan Fee $3,500.00 UCC Search Fee 75.00 Documentation Fee 250.00 TOTAL FEE DUE $3,825.00 ------------- ========= Please indicate the method of payment: { } A check for the total amount is attached. { } Debit DDA # __________________ for the total amount. { } Loan proceeds Borrower: By: _______________________________________ (Authorized Signer) ___________________________________________ TITLE AUTHORIZED SIGNER _______________________Silicon Valley Bank (Date) Account Officer's Signature CORPORATE BORROWING RESOLUTION Borrower: Spectrian Corporation Bank: Silicon Valley Bank 000 X. Xxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Spectrian Corporation ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:_______________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly Quarterly financial statements Monthly Quarterly within 30 50 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 95 days Yes No 10K and 10Q Within 50 and 95 days Yes No A/R & A/P Agings, Borrowing Base Cert. Monthly within 20 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Minimum Modified Quick Ratio 1.50:1.00 2.50:1.00 _____:1.00 Yes No Minimum Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 45,000,000 $_____:1.00 ___ Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. --------------------------------------------------- BANK USE ONLY Sincerely, Received by:___: ______________________________________ AUTHORIZED SIGNER _Date: _____________________________________________ SIGNATURE Date:------------------------------------------------------------ Verified: _________________________________________ SIGNATURE AUTHORIZED SIGNER ------------------------------------------------------------ TITLE Date: _____________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE ------------------------------------------------------------ Compliance Status: Status Yes No --------------------------------------------------------- DATE --------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds SoftwareF PROMISSORY NOTE $ 10,000,000 Palo Alto, Inc. Lender: Silicon Valley California March 29, 2001 On the Maturity Date, the undersigned, for value received, promises to pay to the order of Imperial Bank, as agent pursuant to the Loan Agreement referred to below, for Imperial Bank Revolving ("Payee"), at the office of Imperial Bank, located at 5 Palo Alto Square, Suite 800, 3000 El Camino Real, Palo Alto, Xxxxxxxxxx 00000, xxx xxxxxxxal xxx xxxxx xx xxx xxxxxx xx (x) Xxx Xxxxxxx Xxxxxrs ($10,000,000) representing Payee's Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as or (b) the aggregate unpaid principal amount of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect all Loans made by Payee to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants pursuant to that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the certain Loan and Security Agreement Agreement, dated as of March 29, 2001, and as from time to time amended, modified or supplemented, the "Loan Agreement"), by and between the undersigned and Silicon Valley Bankthe Payee. COMMENTS: CROSSWORLDS SOFTWARETerms defined in the Loan Agreement and not otherwise defined herein shall have the same respective meanings when used herein. The unpaid principal balance hereof from time to time outstanding shall bear interest from the date of disbursement until the Maturity Date at the rates specified in the Loan Agreement. Interest on the Loan shall be paid in arrears on each Interest Payment Date. Interest shall also be paid on the date of any prepayment for the portion of the Loan so prepaid, and upon payment (including prepayment) in full thereof and, during the existence of any Event of Default, interest shall be paid on demand of the Payee. Interest shall be computed for the actual number of days elapsed as provided in the Loan Agreement. Payments of both principal and interest are to be made in immediately available funds in lawful money of the United States of America. This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Loan Agreement, to which Loan Agreement reference is hereby made for a statement of said terms and provisions, including those under which this Note may be paid prior to its due date or under which its due date may be accelerated, and for a description of the security for this Note. This Note is made under and governed by the internal laws of the State of California. PUMATECH, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK : ------------------------------- Title: SCHEDULE OF EXCEPTIONS Permitted Indebtedness ("Bank"Exhibit A) and CROSSWORLDS SOFTWARE, INC. Permitted Investments ("Grantor"Exhibit A) Permitted Liens (Exhibit A) Prior Names (Section 5.6) Litigation (Section 5.6).
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Quarterly Financial Statements for the first threefiscal quarters Quarterly within 45 days Yes No Monthly financial statements Audited Financial Statements Annually within 120 days after FYE Yes No Draft Budgets Annually within 90 days after FYE Yes No Board Approved Budgets Annually within 120 days after FYE Yes No Compliance Certificate Quarterly within 45 days (or 120 days for the last fiscal quarter) Yes No Account Statements evidencingcompliance with Section 7.14 of the Agreement(Minimum Liquidity Covenant) Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual (CPA Audited) FYE within 120 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 With respect to compliance with the Minimum Liquidity covenant in Section 7.14 of the Agreement, Minimum Liquidity for the quarter ending _____:1.00 Yes No Tangible Net Worth $3,300,000 Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than _____, 202_ is $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:____________________. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ OCULAR THERAPEUTIX, INC. AGENT USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No EXHIBIT C CREDIT EXTENSION FORM DEADLINE IS XXXX E.S.T. Date: __________________, 20___ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status LOAN ADVANCE: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account # (Loan Account #) (Deposit Account #) Amount of Advance $ All Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the ’s representations and warranties set forth in the Loan Credit and Security Agreement between are true, correct and complete in all material respects on the undersigned date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWAREwarranties that already are qualified or modified by materiality in the text thereof; and provided, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into further, that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").such date: Authorized Signature: Phone Number: Print Name/Title: OUTGOING WIRE REQUEST:
Appears in 1 contract
Samples: Credit and Security Agreement (Ocular Therapeutix, Inc)
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly Quarterly financial statements Monthly with Compliance Certificate Quarterly within 30 days Yes No Borrowing Base Certificate Monthly Audited financial statements 10-Q, 10-K and 8-K Annually within 120 days of FYE Within 5 days after filing with SEC Yes No Yes No Transaction Report, A/R & A/P Agings Quarterly within 30 days Yes No Collateral Audit Annually, unless conditions Warrant. Requirement waived if no amounts are outstanding on 15th day and last day the LOC Yes No Annual (CPA Audited) financial projections Within 30 days of FYE within 120 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 Yes No at all times (measured quarterly) Minimum Tangible Net Worth $3,300,000 $ 2,500,000 * $ Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:*plus 25% of quarterly Net Income, Subordinated Debt and new equity EBITDA (after Permitted Acquisition) trailing 6 months $ 1.00 $ Yes No only monthly on The following financial covenant analys[is][es] and information set forth in Schedule 1, if any, attached hereto are true and accurate as of the 15th day if date of this Certificate. The following are the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptionsexceptions with respect to the certification above: See Attached. (If no exceptions exist, state “No exceptions to note.”) SAJAN, INC., a Delaware corporation BANK USE ONLY Sincerely, Received by:: _____________________ By: ____________________________ AUTHORIZED SIGNER ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ____________________authorized signer Name: __________________________ Date:________________________________________________ DATE Compliance StatusTitle: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:Verified: ________________________ Authorized Signer authorized signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").Compliance Status: Yes No
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Transaction Report Weekly within 5 Business Days or monthly within 20 days if Borrower qualifies for Month Reporting Option + before each Advance Yes No Monthly unaudited financial statements with Compliance Certificate Monthly within 30 45 days Yes No Borrowing Base Certificate Monthly on 15th day and last day Yes No Annual financial statement (CPA Audited) FYE within 120 days Yes No Financial projections, and/or financial information used in the preparation thereof Within 45 days of FYE Yes No 10-Q, 10-K and 8-K if not available on XXXXX Within 5 days after filing with SEC Yes No A/R & A/P Agings, Deferred Revenue Report Monthly within 20 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain Unrestricted balance sheet cash and Cash Equivalents (net of amounts outstanding under the Term Loan) to be maintained on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 the last day of each month $6,000,000 $ Yes No Tangible Net Worth Minimum EBITDA* *see Schedule 1 for a breakdown of EBITDA calculations $3,300,000 500,000 from Effective Date until 2/28/06 $750,000 from 3/1/06 and thereafter $ Yes No Maintain on a Monthly BasisThe following financial covenant information set forth in Schedule 1 attached hereto is true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Yes (If no exceptions exist, state “No only monthly on the 15th day if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:_________________________________________ AUTHORIZED SIGNER exceptions to note.”) ______________________________________________ SIGNATURE Date:_________________________________________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ Date:________________________________________________ DATE Compliance Status: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:___________________ Authorized Signer Date:_______________________ Verified:___________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SABA SOFTWARE, INC. BANK USE ONLY Received by: AUTHORIZED SIGNER By: Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Dated: EBITDA ("Grantor"Section 6.9(b).) Required: See chart below Period EBITDA Effective Date through February 28, 2006 $ 500,000 March 1, 2006 and thereafter $ 750,000 Actual:
Appears in 1 contract
Reporting Covenant Required Complies. A/R and A/P Agings Monthly on 15th day and last day Yes No Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Borrowing Base Certificate Monthly on 15th day 20-F and last day 6-K Within 5 days after filing with SEC Yes No Annual (CPA Audited) FYE within 120 days Transaction Report, A/R & A/P Agings, and Deferred Revenue report 15th and Last Day of each Month and upon each Credit Extension request Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: ----------------------------- Quick Ratio 1.50:1.00 _____:1.00 listing of New Wavion Accounts Monthly within 20 days (when an Advance is outstanding or an Advance request has been made) Yes No Tangible Net Worth $3,300,000 Board approved projections Within 40 days of FYE Yes No Maintain on a Monthly Basis: --------------------------- Liquidity Coverage 1.50:1.00 _____:1.00 Change to Financial Plan Notice shall immediately be given to Bank Yes No only monthly on Equity Raise Notice shall immediately be given to Bank Yes No The following Intellectual Property was registered (or a registration application submitted) after the 15th day Effective Date (if the aggregate outstanding Revolving Advances are less than $5,000,000 **Equipment Term debt only --------------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerelyno registrations, Received by:_________________________________________ AUTHORIZED SIGNER state “None”) ______________________________________________ SIGNATURE Date:________________________________________________ ______________________________________________ Verified:____________________________________________ TITLE AUTHORIZED SIGNER ______________________________________________ DateFinancial Covenant Required Actual Complies Minimum Adjusted Quick Ratio (Monthly) ___:___* _____:1.0 Yes No Minimum Net Profit (Quarterly) $ ** $ Yes No *As set forth in Section 6.7(a) of the Agreement. **As set forth in Section 6.7(b) of the Agreement. For the period ending _______________, were (i) greater than eighty percent (80%) of all accounts receivable are billed and payable to Borrower, and (ii) greater than eighty percent (80%) of all unrestricted cash of Borrower and its Subsidiaries are maintained in the name of Borrower? Yes _____ No: _____ If, no, please explain under exceptions section below. The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Alvarion Ltd. By: ______________________________ Name: ______________________________ Title: ______________________________ Alvarion, Inc. By: _________________________________ DATE Compliance StatusName: Yes No --------------------------------------------------------- EXHIBIT E BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------ Borrower: CrossWorlds Software, Inc. Lender: Silicon Valley Bank Revolving Commitment Amount: $10,000,000 ------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 120 days due $_____________ 5. Concentration Limits $_____________ 6. Foreign Accounts $_____________ 7. Governmental Accounts $_____________ 8. Contra Accounts * $_____________ 9. Promotion or Demo Accounts $_____________ 10. Intercompany/Employee Accounts $_____________ 11. Other (please explain on reverse) $_____________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (80% of #13) $_____________ BALANCES 15. Maximum Loan Amount $_____________ 16. Total Funds Available [Lesser of #15 or #14] $_____________ 17. Present balance owing on Line of Credit $_____________ 18. Outstanding under Sublimits exceeding $1,250,000( ) 19. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 20. Outstanding under Sublimits exceeding $1,250,000(Outstanding Letters of Credit)* 21. Outstanding under Sublimits exceeding $1,250,000(Outstanding Cash Management)* 22. RESERVE POSITION (#16 minus #00, #00, #00, #00 and #21) $_____________ * Accounts with respect to which goods are placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional. The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: CROSSWORLDS SOFTWARE, INC. By:_____________________________ Authorized Signer ------------------------------ BANK USE ONLY Rec'd By:Title: _______________________________ Authorized Signer Wavion Ltd. By: _________________________________ Name: ______________________________ Title: _______________________________ Wavion Inc. By: _________________________________ Name: ______________________________ Title: _______________________________ BANK USE ONLY Received by: _____________________ authorized signer Date:: _________________________ Verified:: ________________________ Authorized Signer ------------------------------ EXHIBIT F --------- INTELLECTUAL PROPERTY SECURITY AGREEMENT This Intellectual Property Security Agreement is entered into as of October 28, 1998, by and between SILICON VALLEY BANK ("Bank") and CROSSWORLDS SOFTWARE, INC. ("Grantor").authorized signer Date: _________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate
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