Reporting Trigger Date Sample Clauses

Reporting Trigger Date. (i) The third Business Day of each week, if Availability is in an amount less than the greater of (a) twelve and one-half percent (12.5%) of the aggregate Borrowing Base (disregarding any decreased commitment amount during the Seasonal Period) and (b) $10,000,000, for a period of five (5) consecutive days (commencing on the third Business Day of the week following such five (5) consecutive day period and ending on the first day after Availability is in an amount equal to or greater than the greater of (a) twelve and one-half percent (12.5%) of the aggregate Borrowing Base (disregarding any decreased commitment amount during the Seasonal Period) and (b) $10,000,000, for a period of thirty (30) consecutive days) and (ii) otherwise, the 15th day of each month (or if such day is not a Business Day, then the first Business Day thereafter).
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Reporting Trigger Date. (a) The third Business Day of each week, if ABL Availability is in an amount less than the greater of (i) twelve and one-half percent (12.5%) of the sum of the US Borrowing Base and the UK Borrowing Base (as each such term is defined in the ABL Revolving Loan Agreement) (disregarding any decreased ABL US Revolver Commitment amount during the Seasonal Period) and (ii) $6,000,000, for a period of three (3) consecutive days (commencing on the third Business Day of the week following such three (3) consecutive day period and ending on the first day after ABL Availability is in an amount equal to or greater than the greater of (i) twelve and one-half percent (12.5%) of sum of the US Borrowing Base and the UK Borrowing Base (as each such term is defined in the ABL Revolving Loan Agreement) (disregarding any decreased ABL Revolver Commitment amount during the Seasonal Period) and (ii) $6,000,000, for a period of thirty (30) consecutive days) and (b) otherwise, the 15th day of each month (or if such day is not a Business Day, then the first Business Day thereafter).
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Related to Reporting Trigger Date

  • Disclosure Controls and Procedures; Deficiencies in or Changes to Internal Control Over Financial Reporting The Company has established and maintains disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Exchange Act), which (i) are designed to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to the Company’s principal executive officer and its principal financial officer by others within those entities, particularly during the periods in which the periodic reports required under the Exchange Act are being prepared; (ii) have been evaluated by management of the Company for effectiveness as of the end of the Company’s most recent fiscal quarter; and (iii) are effective in all material respects to perform the functions for which they were established. Since the end of the Company’s most recent audited fiscal year, there have been no significant deficiencies or material weakness in the Company’s internal control over financial reporting (whether or not remediated) and no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. The Company is not aware of any change in its internal control over financial reporting that has occurred during its most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

  • Periodic Reporting Obligations During the Prospectus Delivery Period, the Company will duly file, on a timely basis, with the Commission and the Trading Market all reports and documents required to be filed under the Exchange Act within the time periods and in the manner required by the Exchange Act.

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