UK Borrowing Base Report. By the Reporting Trigger Date, UK Borrower shall deliver to Agent (and Agent shall promptly deliver same to UK Lenders) a UK Borrowing Base Report prepared as of the close of business of the previous week or month, as applicable, and at such other times as Agent may reasonably request in its Permitted Discretion. All calculations of UK Availability in any UK Borrowing Base Certificate shall originally be made by UK Obligors and certified by a Senior Officer, provided that Agent may in its Permitted Discretion from time to time review and adjust any such calculation (a) to reflect its reasonable estimate of declines in value of any UK Collateral, due to collections received in the Dominion Account or otherwise; (b) to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting UK Collateral; and (c) to the extent the calculation is not made in accordance with this Agreement or does not accurately reflect the UK Availability Reserve.
UK Borrowing Base Report. Norwich and Xxxxx UK will furnish to NationsBank no less frequently than monthly, as soon as available, but in any event within thirty (30) days of the end of each fiscal month, and, upon the occurrence of an Event of Default or as otherwise provided in this Section (D) UK BORROWING BASE REPORT., at such other times as may be requested by NationsBank a report of the UK Borrowing Base in the form attached hereto as Exhibit A-2 (each a "UK Borrowing Base Report"; collectively, the "UK Borrowing Base Reports") in the form required from time to time by NationsBank, appropriately completed and duly signed. The UK Borrowing Base Report shall contain the amount and payments on the Accounts included in the UK Borrowing Base, the value of Inventory included in the UK Borrowing Base, and the calculations of the UK Borrowing Base, all in such detail, and accompanied by such supporting and other information, as NationsBank may from time to time reasonably request. Upon NationsBank's request and upon the creation of any Accounts included in the UK Borrowing Base, Norwich and/or Xxxxx UK, as appropriate, will provide NationsBank with (a) confirmatory assignment schedules; (b) copies of Account Debtor invoices; (c) evidence of shipment or delivery; and (d) such further schedules, documents and/or information regarding such Accounts and such Inventory as NationsBank may reasonably require. The items to be provided under this subsection shall be in form reasonably satisfactory to NationsBank, and certified as true and correct by a Responsible Officer, and delivered to NationsBank from time to time solely for NationsBank's convenience in maintaining records of the UK Collateral. The failure of Norwich or Xxxxx UK to deliver any such items to NationsBank shall not affect, terminate, modify, or otherwise limit the Liens of NationsBank in the UK Collateral. Notwithstanding the foregoing, Xxxxx UK and Norwich acknowledge and agree that NationsBank, at its option, may require that Norwich and Xxxxx UK furnish to NationsBank weekly and, if requested by NationsBank, daily UK Borrowing Base Reports upon the occurrence of a Borrowing Base Trigger Event. NationsBank agrees that it shall not be entitled to require that Norwich or Xxxxx UK furnish weekly or daily UK Borrowing Base Reports solely as the result of the occurrence of a Borrowing Base Trigger Event, if NationsBank fails to so notify Xxxxx UK and Norwich within ninety (90) days of the date that the Borrower has cured the Bor...
