TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _________________________________ Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").
Appears in 1 contract
Samples: Loan and Security Agreement (Vitria Technology Inc)
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. _______________________________________ ___________________________________ Authorized Requester Phone # _______________________________________ ___________________________________ Received By (Bank) Phone # Authorized Signature (Bank) _____________________________________ EXHIBIT C BORROWING BASE CERTIFICATE ________________________________________________________________________________ Borrower: Inktomi Corporation Lender: Silicon Valley Bank Commitment Amount: $2,500,000 ________________________________________________________________________________ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of___ $_________ 2. Additions (please explain on reverse) $_________ 3. TOTAL ACCOUNTS RECEIVABLE $_________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $________ 5. Balance of 50% over 90 day accounts $________ 6. Concentration Limits* $________ 7. Foreign Accounts** $________ 8. Governmental Accounts $________ 9. Contra Accounts $________ 10. Promotion or Demo Accounts $________ 11. Intercompany/Employee Accounts $________ 12. Other (please explain on reverse) $________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_________ 14. Eligible Accounts (#3 minus #13) $_________ 15. LOAN VALUE OF ACCOUNTS (75% of #14) $_________ BALANCES 16. Maximum Loan Amount $_________ 17. Total Funds Available [Lesser of #16 or #15] $_________ 18. Present balance owing on Line of Credit $_________ 19. RESERVE POSITION (#17 minus #18) $_________ * 35% Limit for NTT and OzEmail **Eligible Foreign Accounts include NTT and OzEmail The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY ---- --- ---- Rec'd By: ___________________ Auth. Signer Date: _______________________ Verified: ___________________ Auth. Signer Date: _______________________ _____________________________ Inktomi Corporation By:___________________________ Authorized Signature (Bank) Signer EXHIBIT C D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 INKTOMI CORPORATION The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") Inktomi Corporation hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling YesPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/No under NO UNDER "CompliesCOMPLIES" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank")COLUMN.
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________ Authorized Requester ______________________________ Authorized Signature (Bank) Phone # ________________ ________________________________________________________________________________ 30 EXHIBIT C --------- BORROWING BASE CERTIFICATE -------------------------- Borrower: Concord Communications, Inc. Lender: Silicon Valley Bank 33 Bxxxxx Xxxx Xxxx Xxxx 3003 Xxxxxx Xxxxx Xxxxxxxx, XX 00000 Santx Xxxxx, XX 00000 Xxmmitment Amount: $2,500,000 ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $ _______ 2. Additions (please explain on reverse) $ _______ 3. TOTAL ACCOUNTS RECEIVABLE $ _______ ACCOUNTS RECEIVABLE DEDUCTIONS 4. Amounts over 90 days due $ _______ 5. Balance of 50% over 90 day accounts $ _______ 6. Concentration Limits $ _______ 7. Ineligible Foreign Accounts $ _______ 8. Governmental Accounts $ _______ 9. Contra Accounts $ _______ 10. Promotion or Demo Accounts $ _______ 11. Intercompany/Employee Accounts $ _______ 12. Other (please explain on reverse) $ _______ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ _______ 14. Eligible Accounts (#3 - #13) $ _______ 15. LOAN VALUE OF ACCOUNTS (90% of #14) $ _______ BALANCES 16. Maximum Loan Amount $2,500,000 17. Total Funds Available (Lesser of #16 or (#l3 plus #15) $ _______ 18. Present balance owing on Line of Credit $ _______ 19. Outstanding under Sublimits ( ) $ _______ 20. RESERVE POSITIVE (#17 minus #18 and #19) $ _______ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement dated as of April 3, 1997, as may be amended from time to time, between the undersigned and Silicon Valley Bank. COMMENTS: __________________________________________ BANK USE ONLY Received By: __________________________ CONCORD COMMUNICATIONS, INC. Date: _________________________________ Reviewed By: __________________________ Compliance Status: Yes / No __________________________________________ By; ________________________________ Authorized Signer EXHIBIT D --------- COMPLIANCE CERTIFICATE ---------------------- Borrower: Concord Communications, Inc. Lender: Silicon Valley Bank 33 Bxxxxx Xxxx Xxxx Xxxx 3003 Xxxxxx Xxxxx Xxxxxxxx, XX 00000 Santx Xxxxx, XX 00000 The undersigned authorized officer of CONCORD COMMUNICATIONS, INC. hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement dated as of April 3, 1997 between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending ___________ of all required conditions and terms except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true, accurate and complete in all material respects as of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principals (GAAP) and are consistent from one period to the next except as explained in an accompanying letter or footnotes. The Officer further expressly acknowledges Borrower may not request any borrowings at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that such compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under Complies column _______________________________________________________________________________' Reporting Covenant Required Complies Financial statements pre IPO+ Monthly within 25 days Yes No Financial statements post IPO+ Quarterly within 25 days unless required Yes No more frequently by Bank while Credit Extensions are outstanding Annual (CPA Audited) FYE within 90 days Yes No A/R & A/P Agings pre IPO+ Weekly within 3 business days Yes No A/R & A/P Agings post IPO+ Quarterly within 25 days unless required Yes No more frequently by Bank while Credit Extensions are outstanding A/R Audit Prior to initial Advance Yes No ________________________________________________________________________________ _________________________________ Authorized Requester Phone # ________________________________________________ Financial Covenants Required Actual Complies ------------------- -------- ------ -------- MAINTAIN ON A QUARTERLY BASIS: MinimumQuick Ratio post IPO only+ 2.0:1.0 _____:1.0 Yes No Minimum new equity or subordinated debt prior to 1/l/98 $3,000,000 $________ Yes No Minimum TNW post IPO+ $10,000,000 $________ Yes No Profitability - max loss QE 3/31/97 pre IPO only+ ($1,300,000) $________ Yes No Profitability - max loss QE 6/30/97 pre IPO only+ ($ 900,000) $________ Yes No Profitability - max loss QE 9/30/97 pre IPO only+ ($250,000) $________ Yes No Profitability - min profit after 9/30/97 pre IPO only+ $1.00 $________ Yes No Minimum revenues QE 3/31/97. pre IPO only+ $3,000,000 $________ Yes No Minimum revenues QE 6/30/97 pre IPO only+ $3,500,000 $________ Yes No Minimum revenues QE 9/30/97 pre IPO only+ $4,000,000 $________ Yes No ________________________________________________________________________________ + IPO of at least $15,000,000. 32 -5- COMPLIANCE CERTIFICATE ---------------------- PAGE 2 ------ Comments Regarding Exceptions: Sincerely, __________________________________ _________________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").ONLY
Appears in 1 contract
Samples: Loan and Security Agreement (Concord Communications Inc)
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _________________________________ Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # _____________________________________________ Authorized Signature (Bank) EXHIBIT C BORROWING BASE CERTIFICATE -------------------------------------------------------------------------------- Borrower: bsquare corporation Lender: Imperial Bank Commitment Amount: $2,500,000 -------------------------------------------------------------------------------- ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $__________ 2. Additions (please explain on reverse) $__________ 3. TOTAL ACCOUNTS RECEIVABLE $__________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $__________ 5. Balance of 25% over 90 day accounts $__________ 6. Concentration Limits $__________ 7. Foreign Accounts $__________ 8. Governmental Accounts $__________ 9. Contra Accounts $__________ 10. Promotion or Demo Accounts $__________ 11. Intercompany/Employee Accounts $__________ 12. Other (please explain on reverse) $__________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $__________ 14. Eligible Accounts (#3 minus #13) $__________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $__________ BALANCES 16. Maximum Loan Amount $__________ 17. Total Funds Available [Lesser of #16 or #15] $__________ 18. Present balance owing on Line of Credit $__________ 19. Outstanding under Sublimits ( ) $__________ 20. RESERVE POSITION (#17 minus #18 and #19) $__________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Imperial Bank. COMMENTS: BANK USE ONLY Rec'd By:______________ Auth. Signer bsquare corporation Date:__________________ Verified:______________ Auth. Signer By:_______________________________ Date:__________________ Authorized Signature (Bank) Signer EXHIBIT C D COMPLIANCE CERTIFICATE TO: SILICON VALLEY IMPERIAL BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 bsquare corporation The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") bsquare corporation hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling YesPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/No under NO UNDER "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank")COMPLIES' COLUMN.
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _________________________________ Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) Phone # ________________ 29 EXHIBIT C BORROWING BASE CERTIFICATE Borrower: Synchronicity, Inc. Bank: Silicon Valley Bank Commitment Amount: $900,000.00 ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $ 2. Additions (please explain on reverse) $ 3. TOTAL ACCOUNTS RECEIVABLE $ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $ 5. Balance of 50% over 90 day accounts $ 6. Concentration Limits $ 7. Foreign Accounts $ 8. Governmental Accounts $ 9. Contra Accounts $ 10. Promotion or Demo Accounts $ 11. Intercompany/Employee Accounts $ 12. Other (please explain on reverse) $ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ 14. Eligible Accounts (#3 minus #13) $ 15. LOAN VALUE OF ACCOUNTS (___% of #14) $ BALANCES 16. Maximum Loan Amount $ 17. Total Funds Available [Lesser of #16 or #15] $ 18. Present balance owing on Line of Credit $ 19. RESERVE POSITION (#16 minus #17 and #18) $ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. ================================= COMMENTS: BANK USE ONLY SYNCHRONICITY, INC. Received By: ------------------- Date: --------------------------- By: Reviewed By: ------------------------------------ -------------------- Authorized Signer Compliance Status: Yes / No ================================= 30 EXHIBIT D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGYSYNCHRONICITY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria TechnologySYNCHRONICITY, Inc. ("Borrower") INC hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending __________________________________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer expressly acknowledges that h no borrowings may be requested by the Borrower at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that such compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ ______ ______________________________ Authorized Requester Phone # ___________________________________________ ______________________________ Authorized Requester Phone # ____ Received By (Bank) Phone # _____________________________________________________________________________ Authorized Signature (Bank) EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY IMPERIAL BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGYFreeShop International, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 Inc. The undersigned authorized officer of Vitria TechnologyFreeShop International, Inc. ("Borrower") hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is deliveredPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies REPORTING COVENANT REQUIRED COMPLIES ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly financial statements Monthly within 15 30 days Yes No -------------------------------------------------------------------------------- Annual (CPA Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- --------- Maintain on a Monthly Basis: Minimum Cash 90,000,000 Quick Ratio(1) .80:1.00(2) _____:1.00 Yes No Equity Infusion(3) $2,500,000 $________ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank1 Less deferred revenue 2 Beginning 01/31/99 3 No later than 12/31/98 -------------------------------------------- COMMENTS REGARDING EXCEPTIONS: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY See Attached. Sincerely, Received by: _____________________________ AUTHORIZED SIGNER Date:________________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ____________________________________ Compliance StatusSIGNATURE Verified: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ________________________________ SIGNATURE AUTHORIZED SIGNER ________________________________ Date: ____________________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower andCompliance Status: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").Yes No DATE --------------------------------------------
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ___________________________________ ________________________________________ Authorized Requester Phone # ___________________________________ ________________________________________ Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) 29 EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY IMPERIAL BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGYVERITY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria TechnologyVerity, Inc. ("Borrower") hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is deliveredPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly REPORTING COVENANT REQUIRED COMPLIES Quarterly financial statements Quarter within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Annual (CPA Audit) FYE within 90 days Yes No A/R & A/P Agings Quarterly within 45 days Yes No A/R Audit Initial and Semi-Annual Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES Maintain on a Quarterly Basis: Minimum Cash 90,000,000 Quick Ratio 1.75:1.00 ____:1.00 Yes No Debt-Tangible Net Worth 1.00:1.00 ____:1.00 Yes No Profitability/Loss $1.00 $________ Yes No -------------------------------------------------------------------------------- Minimum Balance at BankCOMMENTS REGARDING EXCEPTIONS: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- SEE ATTACHED. Sincerely, BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: ______Received by:____________________ SIGNATURE AUTHORIZED SIGNER Date: _________________________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE _Date:___________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- Verified:_______________________ ______________________ _____________________ AUTHORIZED SIGNER DATE Date:___________________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower andCompliance Status: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").Yes No
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TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ __________ _____________________________ Authorized Requester Phone # ______________________________________ __________ _____________________________ Received By (Bank) Phone # _________________________________________ Authorized Signature (Bank) 23 27 EXHIBIT C BORROWING BASE CERTIFICATE ------------------------------------------------------------------------------------------------------------------------------------ Borrower: SEEQ Technology, Incorporated Lender: Silicon Valley Bank Commitment Amount: $7,000,000 ------------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of ___________ $_______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Foreign Accounts $______________ 8. Governmental Accounts $______________ 9. Contra Accounts $______________ 10. Promotion or Demo Accounts $______________ 11. Intercompany/Employee Accounts $______________ 12. Other (please explain on reverse) $______________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 14. Eligible Accounts (#3 minus #13) $_______________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) $_______________ BALANCES 16. Maximum Loan Amount $_______________ 17. Total Funds Available [Lesser of #16 or #15] $_______________ 18. Present balance owing on Line of Credit $_______________ 19. Outstanding under Sublimits ( ) $_______________ 20. RESERVE POSITION (#17 minus #18 and #19) $_______________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY ------------- Rec'd By:____________ Auth. Signer Date:________________ Authorized Signature (Bank) EXHIBIT C COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending ___Verified:____________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this dateAuth. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______Signer Date:________________ AUTHORIZED SIGNER DateSEEQ Technology, Incorporated, a California corporation By:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").Authorized Signer
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ------------------------------------------------------------------------------- Authorized Requester --------------------------------- Authorized Signature (Bank) Phone # ------------------------- EXHIBIT C BORROWING BASE CERTIFICATE Borrower: Digirad Corporation Bank: Silicon Valley Bank Commitment Amount: $_______________ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of _______ $ __________ 2. Additions (please explain on reverse) $ __________ 3. TOTAL ACCOUNTS RECEIVABLE $ __________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $ ___________ 5. Balance of 50% over 90 day accounts or 25% as to identified accounts $ __________ 6. Concentration Limits (special limits apply to identified accounts) $ __________ 7. Foreign Accounts $ __________ 8. Governmental Accounts $ __________ 9. Contra Accounts $ __________ 10. Promotion or Demo Accounts $ __________ 11. Intercompany/Employee Accounts $ __________ 11A Accounts that are not otherwise Collateral $ __________ 12. Other (please explain on reverse) $ __________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ __________ 14. Eligible Accounts (#3 minus #13) $ __________ 15. LOAN VALUE OF ACCOUNTS (80% of #14) INVENTORY $ __________ 16. Inventory Value as of _________ $ __________ 17. LOAN VALUE OF INVENTORY (30% of #16) (up to 300K) $ __________ BALANCES 18. Maximum Loan Amount $ __________ 19. Total Funds Available [Lesser of # 1 8 or (# 1 5 plus 17)] $ __________ 20. Present balance owing on Line of Credit $ __________ 21. Outstanding under Sublimits ( ) $ __________ 22. RESERVE POSITION (# 1 9 minus #20 and #21) $ __________ THE UNDERSIGNED REPRESENTS AND WARRANTS THAT THE FOREGOING IS TRUE, COMPLETE AND CORRECT, AND THAT THE INFORMATION REFLECTED IN THIS BORROWING BASE CERTIFICATE COMPLIES WITH THE REPRESENTATIONS AND WARRANTIES SET FORTH IN THE LOAN AND SECURITY AGREEMENT BETWEEN THE UNDERSIGNED AND SILICON VALLEY BANK. COMMENTS: ==================================== BANK USE ONLY Received By: _______________________ Date: ______________________________ _________Reviewed By ________________________ Compliance Status: Yes / No ==================================== ----------------------------------------------------- By: -------------------------------------------------- Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) Signer EXHIBIT C D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") DIGIRAD CORPORATION hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer expressly acknowledges that h no borrowings may be requested by the Borrower at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that such compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling YesPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/No under NO UNDER "CompliesCOMPLIES" columnCOLUMN. -------------------------------------------------------------------------------- Reporting Covenant Required Complies REPORTING COVENANT REQUIRED COMPLIES ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly financial statements Monthly within 15 30 days Yes No -------------------------------------------------------------------------------- Annual (CPA Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 A/R Agings; Inventory Rpts Monthly within 30 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER DateMaintain on a Monthly Basis:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _______ _____________________________ Authorized Requester Phone # ______________________________________ _______ _____________________________ Received By (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) EXHIBIT C COMPLIANCE D BORROWING BASE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: ______________________________________________________________ AUTHORIZED SIGNER DateBorrowers: ISE Labs, Inc. ISE Technology, Inc. Digital Testing Services, Inc. Commitment Amount: $8,000,000 ________________________________________________________________________________ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of_______ $_______________ 2. Additions (please explain on reverse) $_______________ 3. TOTAL ACCOUNTS RECEIVABLE $_______________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due (120 days for DTS through 12-31-97) $______________ 5. Balance of 50% over 90 day accounts $______________ 6. Concentration Limits $______________ 7. Governmental Accounts $______________ 8. Contra Accounts $______________ 9. Promotion or Demo Accounts $______________ 10. Intercompany/Employee Accounts $______________ 11. Other (please explain on reverse) $______________ 12. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_______________ 13. Eligible Accounts (#3 minus #12) $_____________ 14. LOAN VALUE OF ACCOUNTS (75% of #13) $_______________ ALPHATEC ACCOUNTS 15. Eligible Accounts Book Value as of $_______________ 16. LOAN VALUE OF ALPHATEC ELIGIBLE ACCOUNTS (75% of #16) $_______________ OVERADVANCE 17. Until December 17, 1997, $2,500,000 $_______________ BALANCES 18. Maximum Loan Amount $_______________ 19. Total Funds Available [Lesser of #18 or (#14 plus #16 plus #17)] $_______________ 20. Present balance owing on Line of Credit $_______________ 21. Outstanding under Sublimits ( ) $_______________ 22. RESERVE POSITION (#19 minus #20 and #21) The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Comerica Bank-California. COMMENTS: ISE, for itself and as Agent for ISE Technology, Inc. and Digital Testing Services, Inc. ________________________________________________________ By:_____________________________________________________ Authorized Signer BANK USE ONLY Rec'd By: ___________________ Auth. Signer Date: ________________________ Verified: ____________________ Auth. Signer Date: ________________________ AUTHORIZED SIGNER EXHIBIT E COMPLIANCE CERTIFICATE TO: COMERICA BANK-CALIFORNIA FROM: ISE LABS, INC. ISE TECHNOLOGY, INC. DIGITAL TESTING SERVICES, INC. The undersigned authorized officer of ISE Labs, Inc. on behalf of itself, ISE Technology, Inc. and Digital Testing Services, Inc. hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrowers and Bank (the "Agreement"), (i) Borrowers are in compliance in all material respects for the period ending ______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrowers stated in the Agreement are true and correct in all material respects as of the date hereof. Attached herewith are the required documents supporting the above certification. The officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. PLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. REPORTING COVENANT REQUIRED COMPLIES ---------------------------------------------------- ------------------------ -------- Monthly financial statements Monthly within 30 days Yes No Quarterly financial statements Quarterly within 30 days Yes No Annual (CPA Audited) FYE within 120 days Yes No A/R & A/P Agings Monthly within 15 days Yes No A/R Audit Initial and Semi-Annual Yes No Form 10K Annually within 5 days Yes No Form 10Q Quarterly within 5 days Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ---------------------------------------------------- ------------------------ ------------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio 0.55:1.00/1/ _____:1.0 Yes No Minimum Tangible Net Worth $10,000,000/2/ $________ Yes No Maximum Debt/Tangible Net Worth 4.25:1.00/3/ _____:1.0 Yes No Minimum Debt Service Ratio (Quarterly) 2.0:1.0 _____:1.0 Yes No /1/ 0.7:1.0 after repayment of over-formula or December 31, 1997. /2/ Plus 50% of quarterly NPAT plus 80% of new equity. May be reduced upon sale of Manteca Facility--see Agreement. /3/ Reduces to 2.50:1.00 by June 30, 1998 and 2.0:1.0 by October 31, 1999 and thereafter. COMMENTS REGARDING EXCEPTIONS: See Attached. Sincerely, _____________________________________ Signature(s) _____________________________________ Title(s) _____________________________________ Date BANK USE ONLY Received by:__________________________ authorized signer Date: :_________________________________ Verified:_____________________________ authorized signer Date:_________________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").No
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _________________________________ -------------------- Authorized Requester Phone # ______________________________________ _________________________________ Received By Authorized Signature (Bank) Phone # ___________________________________________________________ Authorized Signature (Bank) -------------------- 49 EXHIBIT C BORROWING BASE CERTIFICATE Borrower: VTEL Corporation Lenders: Silicon Valley Bank Texas Commerce Bank National Association Commitment Amount: $25,000,000.00 ACCOUNTS RECEIVABLE . Accounts Receivable Book Value as of $ ------------- ------------------- . Additions (please explain on reverse) $ ------------------- . TOTAL ACCOUNTS RECEIVABLE $ ------------------- ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) . Amounts over 90 days due $ ------------------- . Balance of 50% over 90 day accounts $ ------------------- . Concentration Limits $ ------------------- . Foreign Accounts other than Eligible Foreign Accounts $ ------------------- . Governmental Accounts $ ------------------- . Offset or Disputed Accounts $ ------------------- . Consignment/Contra Accounts $ ------------------- . Intercompany/Employee Accounts $ ------------------- . Other (please explain on reverse) $ ------------------- . TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ ------------------- . Eligible Accounts (#3 minus #13) $ ------------------- . LOAN VALUE OF ACCOUNTS (80% of #14) $ ------------------- BALANCES . Maximum Loan Amount $ 25,000,000.00 ------------------- . Total Funds Available (Lesser of #16 or #15) $ ------------------- . Aggregate outstanding Advances $ ------------------- . Present balance owing on Letter of Credit not to exceed $10,000,000.00 $ ------------------- . Foreign Exchange Reserve not to exceed $10,000,000.00 $ ------------------- . RESERVE POSITION (#17 minus (#18 plus #19 plus #20)) ------------------- The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY RECEIVED BY: -------------------- DATE: --------------------------- REVIEWED BY: -------------------- COMPLIANCE STATUS: YES / NO By: ----------------- Authorized Signer 50 EXHIBIT D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 TEXAS COMMERCE BANK NATIONAL ASSOCIATION FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").VTEL CORPORATION
Appears in 1 contract
TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ______________________________________ _________________________________ Authorized Requester Phone # ______________________________________ _________________________________ Received By (Bank) Phone # _________________Authorized Requester __________________________________________ Authorized Signature (Bank) Phone #___________________________________ EXHIBIT C BORROWING BASE CERTIFICATE Borrower: ObjectShare, Inc. Bank: Silicon Valley Bank Commitment Amount: $ ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of _________ $_____________ 2. Additions (please explain on reverse) $_____________ 3. TOTAL ACCOUNTS RECEIVABLE $_____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $_____________ 5. Balance of 50% over 90 day accounts $_____________ 6. Concentration Limits $_____________ 7. Foreign Accounts $_____________ 8. Governmental Accounts $_____________ 9. Contra Accounts $_____________ 10. Promotion or Demo Accounts $_____________ 11. Intercompany/Employee Accounts $_____________ 12. Other (please explain on reverse) $_____________ 13. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $_____________ 14. Eligible Accounts (#3 minus #13) $_____________ 15. LOAN VALUE OF ACCOUNTS (70% of #14) $_____________ 16. [reserved] 17. [reserved] BALANCES 18. Maximum Loan Amount $_____________ 19. Total Funds Available [Lesser of #18 or (#15 plus #17)] $_____________ 20. Present balance owing on Line of Credit $_____________ 21. Outstanding under Sublimits (FX and L/C ) $_____________ 22. RESERVE POSITION (#19 minus #20 and #21) $_____________ The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected in this Borrowing Base Certificate complies with the representations and warranties set forth in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY RECEIVED BY:____________________ DATE:________________ REVIEWED BY:____________________ COMPLIANCE STATUS: YES / NO ___________________________ By: _______________________ Authorized Signer EXHIBIT D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria TechnologyObjectShare, Inc. ("Borrower") hereby certifies that under in accordance with the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and correct in all material respects on this dateas of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer expressly acknowledges that h no borrowings may be requested by the Borrower at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that such compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling YesPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/No under NO UNDER "CompliesCOMPLIES" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank")COLUMN.
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TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account and is known to me. ____________________________________ ___ _________________________________ Authorized Requester Phone # ____________________________________ ___ _________________________________ Received By (Bank) Phone # _______________________________ Authorized Signature (Bank) EXHIBIT C BORROWING BASE CERTIFICATE Borrower: Novacept. Bank: Silicon Valley Bank 0000 Xxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxx Xxxx, Xxxxxxxxxx 00000 Xxxxx Xxxxx, XX 00000 Commitment Amount: $4,000,000 ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of____________ $____________ 2. Additions (please explain on reverse) $____________ 3. TOTAL ACCOUNTS RECEIVABLE $____________ ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $____________ 5. Balance of 50% over 90 day accounts $____________ 6. Credit balances over 90 days $____________ 7. Governmental Accounts $____________ 8. Contra Accounts $____________ 9. Promotion or Demo Accounts $____________ 10. Foreign Accounts $____________ 11. Intercompany/Employee Accounts $____________ 12. Other (please explain on reverse) $____________ 13 TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $____________ 14. Eligible Accounts (#3 minus #13) $____________ 15. LOAN VALUE OF ACCOUNTS (75% of #14) $____________ BALANCES 16. Maximum Loan Amount $____________ 17. Total Funds Available [Lesser of #16 or (#15)] $____________ 18. Present balance owing on Line of Credit $____________ Outstanding under Sublimits (LC, Cash Mgmt, or FX) $____________ RESERVE POSITION (#17 minus #18 and #19) $____________ The undersigned represents and warrants that this is true, complete and correct, and that the information in this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. COMMENTS: BANK USE ONLY Rec'd By______________ NOVACEPT Auth. Signer Date:_________________ By:_____________________________ Verified:_____________ Authorized Signature (Bank) Signer Auth. Signer Date:_________________ EXHIBIT C D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK FROM: NOVACEPT 0000 Xxxxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 FROM: VITRIA TECHNOLOGY, INC. 000 Xxxxxxx Xxxxx SunnyvalePalo Alto, California 94086 94303 The undersigned authorized officer of Vitria Technology, Inc. ("Borrower") Novacept certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is in complete compliance for the period ending _______________ ___with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling YesPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/No under NO UNDER "CompliesCOMPLIES" columnCOLUMN. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ REPORTING COVENANT REQUIRED COMPLIES ------------------------------------------------ ---------------------- -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly financial statements Monthly within 15 30 days Yes No -------------------------------------------------------------------------------- Annual (CPA Audited) FYE No later than 08/15 Yes No A/R & A/P Agings Monthly within 120 30 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 (required only if Formula Advances outstanding) ?? of financial institutions at which deposit or Monthly within 30 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ ?? accounts are maintained - see attached schedule FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ---------------------------------------- ------------ ------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Maintain on a Monthly Basis 2.00:1:00 ____:1.0 Yes No Minimum Cash 90,000,000 Quick Ratio Net Profit/Net Loss Quarter Ending (Maximum Net Loss)/Minimum Net Profit 3/31/03 ($2,900,000) $___________ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: 06/30/03 ($20,000,000 2,000,000) $___________ Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: 09/30/03 ($ 700,000) $20,000,000 ___________ Yes No -------------------------------------------------------------------------------- 12/31/03 and each fiscal $ 1 $___________ Yes No quarter thereafter COMMENTS REGARDING EXCEPTIONS: See Attached BANK USE ONLY Sincerely, Received by: :____________________________ AUTHORIZED SIGNER Date:_________________________________ Verified: SIGNATURE Date:__________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ Verified:_______________________________ TITLE AUTHORIZED SIGNER ______________________ _____________________ _______________________ Date:______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower andDATE Compliance Status: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").Yes No SCHEDULE 7.5 EXISTING LIENS
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TELEPHONE REQUEST. The following person is authorized to request the loan payment transfer/loan advance on the advance designated account account; and is known to me. __________________________------------------------------------- ------------------------------------- Authorized Requester Phone # ------------------------------------- ------------------------------------- Received By (Bank) Phone # ------------------------------------ Authorized Signature (Bank) EXHIBIT C BORROWING BASE CERTIFICATE Borrower: NETSCOUT SYSTEMS, INC. Lender: Silicon Valley East 00 Xxxxxxx Xx, Ste. 350 Wellesley, MA 02181 Commitment Amount: $3,000,000 ACCOUNTS RECEIVABLE 1. Accounts Receivable Book Value as of $____________ _____________________2. Additions (please explain on reverse) $____________ Authorized Requester Phone # __________________________3. TOTAL ACCOUNTS RECEIVABLE $____________ _____________________ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication) 4. Amounts over 90 days due $____________ Received By (Bank) Phone # _______________________________________________5. Balance of 50% over 90 day accounts $____________ 6. Credit balances over 90 day $____________ 7. Concentration Limits* $____________ 5. Foreign Accounts $____________ 9. Governmental Accounts $____________ 10. Contra Accounts $____________ 11. Promotion or Demo Accounts $____________ 12. Intercompany/Employee Accounts $____________ 13. Other (please explain on reverse) $____________ 14. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $____________ 15. Eligible Accounts,(#3 minus #14) $____________ 16. LOAN VALUE OF ACCOUNTS (80% of #15) $____________ * 35% BALANCES 17. Maximum Loan Amount $____________ 18. Total Funds Available [Lesser of #17 or #16] $____________ 19. Present balance owing on Line of Credit $____________ 20. Outstanding under Sublimits (LC/Cash Manag.) $____________ 21. RESERVE POSITION (#18 minus #19 and #20) $____________ THE UNDERSIGNED REPRESENTS AND WARRANTS THAT THIS IS TRUE, COMPLETE AND CORRECT, AND THAT THE INFORMATION IN THIS BORROWING BASE CERTIFICATE COMPLIES WITH THE REPRESENTATIONS AND WARRANTIES IN THE AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT BETWEEN THE UNDERSIGNED AND SILICON VALLEY BANK. COMMENTS: BANK USE ONLY NETSCOUT SYSTEMS, INC. ----------------------------------- Received by: Authorized Signature (Bank) ----------------------- Authorized Signer Date: ------------------------------ Verified: -------------------------- Authorized Signer Date: ------------------------------ EXHIBIT C D COMPLIANCE CERTIFICATE TO: SILICON VALLEY BANK 0000 Xxxxxx Xxxxx Xxxxx XxxxxSilicon Valley East 00 Xxxxxxx Xx, Xxxxxxxxxx 00000 Ste. 350 Wellesley, MA 02181 FROM: VITRIA TECHNOLOGYNETSCOUT SYSTEMS, INC. 000 Xxxxxxx Xxxxx Sunnyvale, California 94086 The undersigned authorized officer of Vitria TechnologyNETSCOUT SYSTEMS, Inc. ("Borrower") INC. certifies that under the terms and conditions of the Amended and Restated Loan and Security Agreement between Borrower and Bank (the "Agreement"'), (i) Borrower is in complete compliance for the period ending _______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, Agreement and that compliance is determined not just at the date this certificate is delivered. Please indicate compliance status by circling Yes/No under "Complies" column. -------------------------------------------------------------------------------- Reporting Covenant Required Complies ------------------ -------- -------- -------------------------------------------------------------------------------- Bank Statements Monthly within 15 days Yes No -------------------------------------------------------------------------------- Annual (Audited) FYE within 120 days Yes No -------------------------------------------------------------------------------- 10-Q Within 45 days Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Financial Covenant Required Actual Complies ------------------ -------- ------ -------- -------------------------------------------------------------------------------- All are times -------------------------------------------------------------------------------- Minimum Cash 90,000,000 _____ Yes No -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Required Actual Complies -------- ------ -------- -------------------------------------------------------------------------------- Minimum Balance at Bank: $20,000,000 Yes No -------------------------------------------------------------------------------- BANK USE ONLY Received by: _______________________ AUTHORIZED SIGNER Date:_______________________________ Verified: __________________________ AUTHORIZED SIGNER Date: ______________________________ Compliance Status: Yes No Comments Regarding Exceptions: See Attached. Sincerely, VITRIA TECHNOLOGY, INC. ____________________________ SIGNATURE ____________________________ TITLE ____________________________ DATE CORPORATE BORROWING RESOLUTION Borrower: Vitria Technology, Inc. Bank: Silicon Valley Bank 000 Xxxxxxx Xxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxx Xxxxx, XX 00000-0000 I, the Secretary or Assistant Secretary of Vitria Technology, Inc. ("Borrower"), CERTIFY that Borrower is a corporation existing under the laws of the State of Delaware. I certify that at a meeting of Borrower's Directors (or by other authorized corporate action) duly held the following resolutions were adopted. It is resolved that any one of the following officers of Borrower, whose name, title and signature is below: NAMES POSITIONS ACTUAL SIGNATURES ----- --------- ----------------- _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ _______________________ ______________________ _____________________ may act for Borrower and: Borrow Money. Borrow money from Silicon Valley Bank ("Bank").
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