REPORTING REGARDING INVENTORY. Each Borrower will undertake a physical count of its Inventory at least once each fiscal year in accordance with procedures approved by Borrowers' independent certified public accountants and Agent. By no later than the 25th day after the end of each calendar month, each Borrower shall submit to Agent an inventory report reconciled to (i) the Borrowing Base Certificate for the end of such month, (ii) each Borrower's inventory records, and (iii) each Borrower's general ledger, broken down into such detail and with such categories as Agent shall reasonably require (including, but not limited to, a report indicating the type, location, and dollar value of each Borrower's Raw Materials, Work-in-Process, Pre- Owned Aircraft and Finished Goods Inventory, and all other information deemed necessary by Agent to determine levels of that which is and is not Eligible Inventory). Values shown on reports of Inventory shall be at the lower of cost or market value determined on the basis of average cost. Not less frequently than monthly, and more frequently if Agent shall require or a Borrower shall so elect, each Borrower shall deliver to Agent a Borrowing Base Certificate, and acceptable supporting documentation thereto, reporting the value of each Borrower's Inventory as of the end of the immediately preceding calendar month period for which any Borrower has provided an inventory report in accordance with this Section 8.4.
REPORTING REGARDING INVENTORY. The Borrower shall report inventory figures no later than fifteen (15) calendar days after the end of each month based upon month-end balances reconciled to the period end balance sheet. The Borrower's Inventory shall be reported based upon reconciliation of the financial statements to the perpetual inventory system or, at the Borrower's option, a weekly physical count, as the case may be, and: (a) the Borrower shall deliver to the Agent and the Lenders, weekly in the case of inventory records and monthly in the case of the general ledger, set forth in such detail and with such categories as the Agent shall require (including, but not limited to, a report indicating Inventory that has been designated as "inactive" or that will be removed from the Borrower's current merchandise assortment by the Borrower on a basis consistent with the current and historical accounting practice of the Borrower and all other information deemed reasonably necessary by the Agent to determine the level of Eligible Inventory and ineligible Inventory), (b) the values shown on reports of Inventory shall be at the lower of cost or market value determined in accordance with the Borrower's first-in first-out accounting, consistently applied and (c) no later than fifteen (15) calendar days after the end of each month, or more frequently as may be customary in asset based financing transactions, if the Agent shall so request, the Borrower shall submit to the Agent an inventory report reconciled to the Borrowing Base Certificate for the end of such month, the Borrower's perpetual inventory records and its general ledger, broken down into such detail and with such categories as the Agent shall reasonably require (including, but not limited to, a report indicating the Inventory that has been designated as "inactive" or that will be removed from the Borrower's current merchandise assortment by the Borrower on a basis consistent with the current and historical accounting practice of the Borrower, and all other information deemed necessary by the Agent to determine the level of Eligible Inventory and ineligible Inventory). Upon request of a Lender, the Agent shall deliver to such Lender copies of each report and all other items delivered pursuant to this Section 4.11.
REPORTING REGARDING INVENTORY. 30 8.5 Monthly Financial Statements........................................................................31 8.6 Annual Projections..................................................................................31 8.7 Certified Quarterly Financial Statements............................................................31 8.8 Audited Annual Financial Statements.................................................................31 8.9
REPORTING REGARDING INVENTORY. The Company shall report inventory figures no later than thirty (30) days after the end of each month based upon month-end balances reconciled to the period end balance sheet. The Company's Inventory shall be reported based upon reconciliation of the financial statements to the perpetual inventory system or a regular physical count as the case may be, and: (a) the values shown on reports of Inventory shall be at the lower of cost or market value determined in accordance with the Company's usual cost accounting system, consistently applied, and (b) no later than thirty (30) days after the end of each month, or more frequently, if the Bank shall so request, the Company shall submit to the Bank an inventory report, the Company's perpetual inventory records and its general ledger, broken down into such detail and with such categories as the Bank shall require.
REPORTING REGARDING INVENTORY. (a) Each Borrower shall conduct a full and complete physical count of its Inventory (and the Inventory of HMI Inc. and Tube-Fab and HMI Acceptance) at least quarterly or more frequently if Bank shall require, in a manner and in accordance with procedures approved by such Borrower's independent certified public accountants and Bank, and shall promptly extend, price and summarize such physical counts and submit a written report thereof to Bank no later than forty (40) days after the end of each calendar quarter.
REPORTING REGARDING INVENTORY. The Borrower Representative shall deliver to the Administrative Agent a summary Inventory listing in detail and scope reasonably satisfactory to the Administrative Agent no later than the twentieth (20th) calendar day after the end of each month based upon month-end balances reconciled to the period end balance sheet and the Borrowing Base Certificate delivered pursuant to Section 9.5(i) and accompanied by an Inventory certification in form and substance acceptable to the Administrative Agent, and the Borrower Representative will make available to the Administrative Agent a perpetual Inventory listing (and any reconciliations thereof to period end balance sheets performed by the Borrower Representative) upon request. The Borrower Representative shall deliver monthly to the Administrative Agent Inventory records, broken down into such detail and with such categories as the Administrative Agent shall deem necessary to determine the level of Eligible Inventory and Inventory which is deemed ineligible). The values shown on reports of Inventory shall be at the lower of cost or market value determined in accordance with the Borrowers' usual cost accounting system, consistently applied. During any period in which the Excess Availability of the Borrowers is less than $15,000,000 or after the occurrence and continuance of an Event of Default, the Borrower Representative shall provide such other reports as to the Inventory as the Administrative Agent shall reasonably request from time to time.
REPORTING REGARDING INVENTORY. 41 4.9 REPORTING REGARDING ACCOUNTS PAYABLE, FORM OF COLLATERAL REPORTS....................................42 4.10
REPORTING REGARDING INVENTORY. The Borrower shall deliver to the Administrative Agent an Inventory listing no later than fifteen (15) days after the end of each month based upon month-end balances reconciled to the period end balance sheet and accompanied by an Inventory certification in form and substance acceptable to the Administrative Agent. The Borrower's and each Subsidiary Guarantor's Inventory shall be reported based upon reconciliation of the financial statements to the perpetual inventory system and: (a) the Borrower shall deliver monthly to the Administrative Agent Inventory records, broken down into such detail and with such categories as the Administrative Agent shall require (including, but not limited to, a report indicating active and inactive Inventory, the type, location and total value of Inventory and all other information deemed necessary by the Administrative Agent to determine the level of Eligible Inventory and Ineligible Inventory), (b) the values shown on reports of Inventory shall be at the lower of cost (determined on a specific identification method basis) or market value determined in accordance with the Borrower's and such Subsidiary Guarantor's usual cost accounting system, consistently applied. Upon request of a Lender, the Administrative Agent shall deliver to such Lender copies of each report and all other items delivered pursuant to this Section 4.8. 41 48
REPORTING REGARDING INVENTORY. 53 Section 8.5 Interim Financial Statements; Payable Information....... 54 Section 8.6
REPORTING REGARDING INVENTORY. (a) Borrower shall conduct a full and complete physical count of its Inventory at least annually or more frequently if Bank shall reasonably require, in a manner and in accordance with procedures approved by Borrower's independent certified public accountants and Bank, and shall promptly extend, price and summarize such physical counts and submit a report thereof to Bank.
