U.S. Borrowing Base Reports Clause Samples

U.S. Borrowing Base Reports. By the applicable Reporting Date, Borrower Agent shall deliver to Agent (and Agent shall promptly deliver same to US Lenders) a US Borrowing Base Report, appropriately completed, executed, and delivered by a Senior Officer of Borrower Agent, as of the close of business of the previous week or month, as applicable, and at such other times as Agent may request (including, without limitation, weekly or monthly reporting of rolling forward accounts receivable data by reporting weekly or monthly sales, cash collections and credits and monthly reporting of gross inventory, inventory ineligibles and accounts receivable ineligibles). All information (including calculation of US Availability) in a US Borrowing Base Report shall be certified by Borrower Agent. Agent may from time to time adjust such report in its Permitted Discretion (a) to reflect Agent's reasonable estimate of declines in value of any US Collateral, due to collections received in any Dominion Account or otherwise; (b) to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting the US Collateral; and (c) to the extent any information or calculation does not comply with this Agreement or does not accurately reflect the US Availability Reserve.