SCHEDULES AND REPORTS. (a) Within ten (10) days after the close of each calendar month, and at such other times as may be requested by Bank from time to time hereafter, Borrower shall deliver to Bank (i) a schedule identifying each Account and which Accounts constitute Eligible Accounts together with copies of the invoices when requested by Bank (with evidence of shipment attached) pertaining to each such Account, for the month (or other applicable period) immediately preceding; (ii) such additional schedules, certificates, reports and information with respect to the Collateral as Bank may from time to time require. Bank, through its officers, employees or agents, shall have the right, at any time and from time to time in Bank's name, in the name of a nominee of Bank or in Borrower's name, to verify the validity, amount or any other matter relating to any of Borrower's Accounts, by mail, telephone, telegraph or otherwise. Borrower shall reimburse Bank, on demand, for all costs, fees and expenses incurred by Bank in this regard.
(b) Without limiting the generality of the foregoing, Borrower shall deliver to Bank, at least once a month (or more frequently when requested by Bank), a report with respect to Borrower's Inventory. Borrower shall immediately notify Bank of any event causing loss or depreciation in value of Borrower's Inventory (other than normal depreciation occurring in the ordinary course of business) and which exceeds $50,000.00. ---------
(c) All schedules, certificates, reports, and other items delivered by Borrower to Bank hereunder shall be executed by an authorized representative of Borrower and shall be in such form and contain such information as Bank shall specify.
SCHEDULES AND REPORTS. Borrower shall furnish or cause to be furnished to LaSalle the following:
SCHEDULES AND REPORTS. Borrower shall furnish or cause to be furnished to LaSalle the following:
(a) Within sixty (60) days after the Closing Date:
(i) Borrower shall deliver to LaSalle a balance sheet of the Borrower as of the day immediately following the closing of the Acquisition, which balance sheet shall reflect the adjustments made from the fiscal year end balance sheet of the Borrower previously delivered to LaSalle and be certified by the Chief Financial Officer of the Borrower; and
(ii) Guarantors shall deliver to LaSalle a balance sheet of the Guarantors as of the day immediately following the Closing Date which balance sheet shall be certified by an officer of the Guarantors in a form acceptable to the Lender.
(b) As soon as practicable and in any event within twenty-five (25) days following the end of each calendar month, (i) statements of income and statements of cash flow of Borrower for each such month and for the period from beginning of the then current fiscal year of Borrower to the end of such month, and (ii) balance sheets of Borrower as of the end of such month, such statements of income and balance sheets to include, in comparative form, figures for the corresponding periods in the preceding fiscal year of Borrower, all in reasonable detail and certified by the chief financial officer of Borrower that such statements fairly present the financial condition of Borrower in accordance with GAAP, subject to changes resulting from normal year-end adjustments and the absence of footnotes, together with detailed computations of Borrower's compliance with the covenants set forth in this Agreement.
(c) As soon as practicable and in any event within thirty (30) days following the end of each fiscal quarter, (i) statements of income and statements of cash flow of Guarantors for each such quarter and for the period from beginning of the then current fiscal year of Guarantors to the end of such quarter, and (ii) balance sheets of Guarantors as of the end of such quarter, such statements of income and balance sheets to include, in comparative form, figures for the corresponding periods in the preceding fiscal year of Guarantors, all in reasonable detail and certified by the chief financial officer of Guarantors that such statements fairly present the financial condition of Guarantors in accordance with GAAP, subject to changes resulting from normal year-end adjustments and the absence of footnotes.
(d) In addition to any other reports: (i) as soon as practicable and in a...
SCHEDULES AND REPORTS. Dealer shall deliver to Lender as soon as available, and in any event within 90 days after the end of Dealer’s fiscal year, a complete audited financial statement for Dealer’s business.
SCHEDULES AND REPORTS. Furnish to the Bank, in form and detail satisfactory to the Bank: (a) written notice of any event causing loss, material damage or depreciation in value of any of the Collateral, describing, and specifying the amount of, such loss, damage or depreciation; and (b) from time to time, as the Bank may request, such additional schedules, certificates and reports concerning the Collateral, including the Account Debtors obligated thereon, as the Bank may request.
SCHEDULES AND REPORTS. 18 12. TERMINATION...............................................................19
SCHEDULES AND REPORTS. (a) Each Borrower shall deliver to Lender, on a weekly basis [or, if the Loans to any Borrower exceed sixty-five percent (65%) of the Loan Availability for such Borrower or if the total outstanding balance on the Loans to the Borrowers and the aggregate undrawn face amount of the Letters of Credit issued for the account of Borrower exceed sixty-five percent (65%) of the Maximum Credit, on a daily basis], a collateral report (the "Collateral Report") describing all Accounts and Eligible Accounts created or acquired by such Borrower and all amounts collected by such Borrower on Accounts subsequent to the immediately preceding Collateral Report. In addition, each Borrower shall deliver to Lender on a weekly basis (or, if Lender has provided any Borrower with Loans based upon Eligible Inventory, on a daily basis in Lender's discretion) with a schedule of Inventory owned by such Borrower and in such Borrower's possession valued on an average cost basis and in accordance with generally accepted accounting principles, information on all sales of or other reduction of and all additions to Inventory, all returns of Inventory, all credits issued by such Borrower and all complaints and claims against such Borrower in connection with Inventory subsequent to the immediately preceding Collateral Report. The Collateral Reports shall contain such additional information as Lender shall require. Each Borrower also shall furnish copies of any other reports or information concerning the Accounts and Inventory included, described or referred to in the Collateral Reports, including without limitation, but only if specifically requested by Lender, copies of all invoices prepared in connection with the Accounts. Lender, through its officers, employees or agents, shall have the right, at any time and from
(b) Without limiting the generality of the foregoing, each Borrower shall deliver to Lender, at least once a month (or more frequently when requested by Lender), a report describing its Eligible Accounts, non- Eligible Accounts, accounts payable, Inventory, and Eligible Inventory as well as containing an aging of its Accounts and accounts payable. Such report also shall reconcile the information described in SECTION 9(a) for the past month and describe the fuel taxes payable by such Borrower to any governmental authority.
(c) All schedules, certificates, reports, and assignments and other items delivered by Borrowers to Lender hereunder shall be executed by an authorized represen...
SCHEDULES AND REPORTS. 55 9.3 Litigation.......................................................................................................... 55 9.4
SCHEDULES AND REPORTS. (a) Deliver to the Lender, within twenty (20) days after the end of each Fiscal Month, commencing with the Fiscal Month ending May 31, 2018, a perpetual inventory report.
(b) Deliver to Lender a statement of sales within twenty (20) days after the end of each Fiscal Month, commencing with the Fiscal Month ending May 31, 2018, and if and the extent that any Borrower seeks to include the Receivables resulting from such sales in the Borrowing Base and collections for the previous Business Day, showing outstanding Receivables as of the close of business on the previous Business Day; and (c) Deliver to Lender at such intervals as Lender may reasonably require, in its Permitted Discretion, in writing: (i) confirmatory assignment schedules, (ii) copies of Customer’s invoices, (iii) evidence of shipment or delivery, (iv) copies of UCC-1 or mechanics lien filings evidencing Borrowers’ contractual right to obtain a lien on equipment sales in the Ordinary Course of Business and (v) such further schedules, documents and/or information regarding the Collateral as Lender, in its Permitted Discretion, may require including, without limitation, trial balances and test verifications. Lender shall also have the right to confirm and verify all Receivables by any manner and through any medium it considers commercially advisable and do whatever it may deem commercially necessary to protect its interests hereunder. The items to be provided under this Section shall be in fonu satisfactory to Lender and executed by Borrowing Representative and delivered to Lender from time to time solely for Lender’s convenience in maintaining records of the Collateral, and any failure to deliver any of such items to Lender shall not affect, terminate, modify or otherwise limit Lender’s Lien with respect to the Collateral.
SCHEDULES AND REPORTS. 40 13. TERM.................................................................... 43
