Common use of Reporting Covenant Required Complies Clause in Contracts

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 days Yes No Deferred revenue schedule Quarterly within 15 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No Annual financial projections and budget Annual within 30 days before FYE Yes No Federal Tax Returns Annual, within 15 days of filing Yes No 10K and 10Q (as applicable) Yes NO A/R Audit Initial and semi-annual Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R & A/P Agings Within 5 Monthly within 30 days of 15th and last day of each month Yes No Customer deposit listing Within 5 Sales journal Monthly within 30 days of 15th and last day of each month Yes No Collections journal Monthly within 30 days Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Base Certificate Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 30 days Yes No Deferred revenue schedule Quarterly Revenue Schedule Monthly within 15 30 days Yes No Annual financial statements (CPA Audited) FYE Balance Sheet and Income Statement Monthly within 120 30 days Yes No Annual financial projections and budget Annual Compliance Certificate Monthly within 30 days before FYE Yes No Federal Tax Returns Annual, Quarterly Financial statements/Form 10-Q Quarterly within 15 5 days of filing Yes No Annual Financial Statements/Form 10K -K/ (CPA audited) Annually within 5 days of filing Yes No Borrower’s tax returns and 10Q schedule (CPA prepared) Annually within 5 days of filing but no later than October 31st of each year Yes No Personal Guarantor’s personal financial statements Annually no later than October 31st of each year (or more frequently as applicableBank may request) Yes NO No A/R Audit Initial and semiCollateral audit Semi-annual annually Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly Borrowing Base Certificate Monthly within 45 15 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Inventory listing Monthly within 15 days Yes No A/R & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Sales journal Monthly within 15 days Yes No Collections journal Monthly within 15 days Yes No Deferred revenue schedule Quarterly listing (if applicable) Monthly within 15 days Yes No Monthly financial statements Monthly within 30 days Yes No Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) FYE Annually within 120 150 days Yes No Annual financial projections and budget Annual within 30 days before of FYE Yes No Federal Tax Returns Annual, returns with Schedules (CPA Prepared) Annually within 15 days of filing Yes No Annual operating projections approved by board of directors Annually by January 31 of each year Yes No 10K and 10Q (as applicable) Yes NO No A/R and Collateral Audit Initial and semi-annual annually Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R & A/P Agings Within 5 Monthly within 30 days of 15th and last day of each month Yes No Customer deposit listing Within 5 Sales journal Monthly within 30 days of 15th and last day of each month Yes No Collections journal Monthly within 30 days Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Base Certificate Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 30 days Yes No Deferred revenue schedule Quarterly Revenue Schedule Monthly within 15 30 days Yes No Annual financial statements (CPA Audited) FYE Balance Sheet and Income Statement Monthly within 120 30 days Yes No Annual financial projections and budget Annual Compliance Certificate Monthly within 30 days before FYE Yes No Federal Tax Returns Annual, Quarterly Financial statements/Form 10-Q Quarterly within 15 5 days of filing Yes No Annual Financial Statements/Form 10K -K/ (CPA audited) Annually within 5 days of filing Yes No Borrower’s and 10Q Personal Guarantor’s tax returns and schedules Annually within 5 days of filing but no later than October 31st of each year Yes No Personal Guarantor’s personal financial statements Annually no later than October 31st of each year (or more frequently as applicableBank may request) Yes NO No A/R Audit Initial and semiCollateral audit Semi-annual annually Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R AIR & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 days Yes No Deferred revenue schedule Quarterly within 15 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No Annual financial projections and budget Annual within 30 days before FYE Yes No Federal Tax Returns Annual, within 15 days of filing Yes No 10K and 10Q (as applicable) Yes NO No A/R Audit Initial and semi-annual Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 days Yes No Deferred revenue schedule Quarterly within 15 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No Annual financial projections and budget Annual within 30 days before FYE Yes No Federal Tax Returns Annual, within 15 days of filing Yes No 10K and 10Q (as applicable) Yes NO No A/R Audit Initial and semi-annual Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 10 days Yes No A/R & A/P Agings Within 5 15 days of 15th and last day of each month Yes No Customer deposit listing Within 5 15 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 15 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 days Yes No Deferred revenue schedule Quarterly within 15 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No Annual financial projections and budget Annual within 30 days before FYE Yes No Federal Tax Returns Annual, within 15 days of filing Yes No 10K and 10Q (as applicable) Yes NO No A/R Audit Initial and semi-annual Yes No IP Notices As required under Section 6.10 Yes No

Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly Rolling 12 week cash flow forecast Weekly on Monday yes Borrowing Base Certificate Monthly within 45 15 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Inventory listing Monthly within 15 days Yes No A/R & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Sales journal Monthly within 15 days Yes No Collections journal Monthly within 15 days Yes No Deferred revenue schedule Quarterly listing (if applicable) Monthly within 15 days Yes No Monthly financial statements Monthly within 30 days Yes No Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) FYE Annually within 120 150 days Yes No Annual financial projections and budget Annual within 30 days before of FYE Yes No Federal Tax Returns Annual, returns with Schedules (CPA Prepared) Annually within 15 days of filing Yes No Annual operating projections approved by board of directors Annually by January 31 of each year Yes No 10K and 10Q (as applicable) Yes NO No A/R and Collateral Audit Initial and semi-annual annually Yes No IP Notices As required under Section 6.10 Yes No