Common use of Reporting Regarding Receivables and Notes Receivable Clause in Contracts

Reporting Regarding Receivables and Notes Receivable. Not less frequently than weekly, Borrower shall deliver to Agent a borrowing base certificate in the form of Exhibit D (a “Borrowing Base Certificate”) by no later than Tuesday of each week (which is based on values as of the end of the immediately preceding Saturday), which Borrowing Base Certificate shall update the aging of the Borrower Eligible Billed Receivables and the Borrower Eligible Unbilled Receivables described in the immediately prior delivered Borrowing Base Certificate. By no later than the 21st day after the end of each Fiscal Period, or sooner if available, Borrower shall deliver to Agent a report (the “Fiscal Period Report”) of Borrower’s sales, credits to sales or credit memoranda applicable to sales, collections and non-cash charges (from whatever source, including sales and noncash journals or other credits to Receivables) for the applicable period, and acceptable supporting documentation thereto (including, a report indicating the Dollar value of the Eligible Receivables, and all other information reasonably deemed necessary by Agent to determine levels of that which is and is not Eligible Receivables), and monthly agings of Receivables listed by invoice date, in each case reconciled to the Borrowing Base Certificate for the end of such month and each to Borrower’s general ledger, and setting forth any changes in the reserves made for bad accounts or any extensions of the maturity of, any refinancing of, or any other material changes in the terms of any Receivables in such format as is specified by Agent from time to time, together with such further information with respect thereto in such format as Agent may then reasonably require. (f) Section 8.5

Reporting Regarding Receivables and Notes Receivable. Not less frequently than weekly, Borrower shall deliver to Agent a borrowing base certificate in the form of Exhibit D (a “Borrowing Base Certificate”) by no later than Tuesday of each week (which is based on values as of the end of the immediately preceding Saturday), which Borrowing Base Certificate shall update the aging of the Borrower Eligible Billed Receivables and the Borrower Eligible Unbilled Receivables described in the immediately prior delivered Borrowing Base Certificate. By no later than the 21st day after the end of each Fiscal Period, or sooner if available, Borrower shall deliver to Agent a report (the “Fiscal Period Report”) of each of Borrower’s and Westaff UK’s sales, credits to sales or credit memoranda applicable to sales, collections and non-cash charges (from whatever source, including sales and noncash journals or other credits to Receivables) for the applicable period, and acceptable supporting documentation thereto (including, a report indicating the Dollar or Sterling, as applicable, value of the Eligible Receivables, and all other information reasonably deemed necessary by Agent to determine levels of that which is and is not Eligible Receivables), and monthly agings of Receivables listed by invoice date, in each case reconciled to the Borrowing Base Certificate for the end of such month and each to of Borrower’s and Westaff UK’s general ledger, and setting forth any changes in the reserves made for bad accounts or any extensions of the maturity of, any refinancing of, or any other material changes in the terms of any Receivables in such format as is specified by Agent from time to time, together with such further information with respect thereto in such format as Agent may then reasonably require. (f) Section 8.5

Reporting Regarding Receivables and Notes Receivable. Not less frequently than weekly, monthly (and more frequently if Borrower shall deliver to so elect or weekly if Agent shall require if the Revolving Credit Availability is, as of any time, less than $10,000,000 or an Event of Default occurs and is continuing): (i) a borrowing base certificate in the form of Exhibit D (a “Borrowing Base Certificate”) by no later than Tuesday the 15th day after the end of each week (which is calendar month based on values as of the end of the immediately preceding Saturday)calendar month (or, which Borrowing Base Certificate shall update if more frequent reporting is in effect under this Section 8.3 as provided above, by the aging of deadlines and based on the Borrower Eligible Billed Receivables values then established by Agent) and the Borrower Eligible Unbilled Receivables described in the immediately prior delivered Borrowing Base Certificate. By no later than the 21st day after the end of each Fiscal Period, or sooner if available, Borrower shall deliver to Agent a report (the “Fiscal Period Report”ii) reports of Borrower’s sales, credits to sales or credit memoranda applicable to sales, collections and non-cash charges (from whatever source, including sales and noncash journals or other credits to Receivables) for the applicable period, and acceptable supporting documentation thereto (including, a report indicating the Dollar value of the Borrower’s Eligible Receivables, and all other information reasonably deemed necessary by Agent to determine levels of that which is and is not Eligible Receivables). By no later than the 15th day after the end of each calendar month, and or sooner if available, Borrower shall deliver to Agent monthly agings agings, broken down by due date, of Receivables listed by invoice date, in each case reconciled to the Borrowing Base Certificate for the end of such month and each to Borrower’s general ledger, and setting forth any changes in the reserves made for bad accounts or any extensions of the maturity of, any refinancing of, or any other material changes in the terms of any Receivables in such format as is specified by Agent from time to time, together with such further information with respect thereto in such format as Agent may then reasonably require. (f) Section 8.5

Reporting Regarding Receivables and Notes Receivable. Not less frequently than weekly, monthly (and more frequently if Borrower shall deliver to so elect or weekly if Agent shall require if the Revolving Credit Availability is, as of any time, less than $5,000,000 or an Event of Default occurs and is continuing): (i) a borrowing base certificate in the form of Exhibit D C (a “Borrowing Base Certificate”) by no later than Tuesday the 15th day after the end of each week (which is calendar month based on values as of the end of the immediately preceding Saturday)calendar month (or, which Borrowing Base Certificate shall update if more frequent reporting is in effect under this Section 8.3 as provided above, by the aging of deadlines and based on the Borrower Eligible Billed Receivables values then established by Agent) and the Borrower Eligible Unbilled Receivables described in the immediately prior delivered Borrowing Base Certificate. By no later than the 21st day after the end of each Fiscal Period, or sooner if available, Borrower shall deliver to Agent a report (the “Fiscal Period Report”ii) reports of Borrower’s sales, credits to sales or credit memoranda applicable to sales, collections and non-cash charges (from whatever source, including sales and noncash journals or other credits to Receivables) for the applicable period, and acceptable supporting documentation thereto (including, a report indicating the Dollar value of the Borrower’s Eligible Receivables, and all other information reasonably deemed necessary by Agent to determine levels of that which is and is not Eligible Receivables). By no later than the 15th day after the end of each calendar month, and or sooner if available, Borrower shall deliver to Agent monthly agings agings, broken down by due date, of Receivables listed by invoice date, in each case reconciled to the Borrowing Base Certificate for the end of such month and each to Borrower’s general ledger, and setting forth any changes in the reserves made for bad accounts or any extensions of the maturity of, any refinancing of, or any other material changes in the terms of any Receivables in such format as is specified by Agent from time to time, together with such further information with respect thereto in such format as Agent may then reasonably require. (f) Section 8.5

Reporting Regarding Receivables and Notes Receivable. Not less frequently than weekly, monthly (and more frequently if Borrower shall deliver to so elect or weekly if Agent shall require if Borrowing Base Availability is, as of any time, less than $15,000,000 or an Event of Default occurs and is continuing): (i) a borrowing base certificate in the form of Exhibit D (a “Borrowing Base Certificate”) by no later than Tuesday the 15th day after the end of each week (which is calendar month based on values as of the end of the immediately preceding Saturday)calendar month (or, which Borrowing Base Certificate shall update if more frequent reporting is in effect under this Section 8.3 as provided above, by the aging of deadlines and based on the Borrower Eligible Billed Receivables values then established by Agent) and the Borrower Eligible Unbilled Receivables described in the immediately prior delivered Borrowing Base Certificate. By no later than the 21st day after the end of each Fiscal Period, or sooner if available, Borrower shall deliver to Agent a report (the “Fiscal Period Report”ii) reports of Borrower’s sales, credits to sales or credit memoranda applicable to sales, collections and non-cash charges (from whatever source, including sales and noncash journals or other credits to Receivables) for the applicable period, and acceptable supporting documentation thereto (including, a report indicating the Dollar value of the Borrower’s Eligible Receivables, and all other information reasonably deemed necessary by Agent to determine levels of that which is and is not Eligible Receivables). By no later than the 15th day after the end of each calendar month, and or sooner if available, Borrower shall deliver to Agent monthly agings agings, broken down by due date, of Receivables listed by invoice date, in each case reconciled to the Borrowing Base Certificate for the end of such month and each to Borrower’s general ledger, and setting forth any changes in the reserves made for bad accounts or any extensions of the maturity of, any refinancing of, or any other material changes in the terms of any Receivables in such format as is specified by Agent from time to time, together with such further information with respect thereto in such format as Agent may then reasonably require. (f) Section 8.5”