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Borrowing Base Reports
Borrowing Base Reports contract clause examples

Borrowing Base. Not applicable.

. Beginning with the quarter ended March 31, 2019, deliver to the Administrative Agent (and the Administrative Agent shall thereafter deliver to each Lender), as soon as available and in any event concurrently with the delivery of the financial statements referred to in Sections 6.1(a) and 6.1(b), a completed Borrowing Base Certificate calculating and certifying the Borrowing Base as of the end of such quarter, signed on behalf of the Borrower by an officer of the Borrower’s general partner.

Borrowing Base Reports. By the 20th day of each month, Borrowers shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Report as of the close of business of the previous month, provided, that, at any time during any Reporting Trigger Period, Borrowers shall deliver to Agent a Borrowing Base Report as of the second Business Day of each week prepared as of the close of business of the previous week. All information (including calculation of Availability) in a Borrowing Base Report shall be certified by Borrower Agent. Agent may from time to time adjust such report # to reflect Agent’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Account or otherwise; # to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting Collateral; and # to the extent any information or calculation does not comply with this Agreement.

. (a) Upon any asset ceasing to qualify as an Eligible Unencumbered Real Property Asset, an Eligible Unencumbered Mortgage Note Receivable or an Eligible Unencumbered Other Asset, such asset shall immediately be removed from the calculation of the Borrowing Base.

Borrowing Base Reports. By no later than the Reporting Date and as set forth in [Section 6.2(f)], Borrowers shall deliver to Lender a Borrowing Base Report as of the close of business of the previous applicable quarter, month, or week, and, in each case, at such other times as Lender may request. All information (including calculation of Availability) in a Borrowing Base Report shall be certified by Borrowers. Lender may from time to time adjust such report # to reflect Lender’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Account or otherwise; # to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting Collateral; and # to the extent any information or calculation does not comply with this Agreement.

Borrowing Base. Immediately after giving effect to this Amendment, the Sale Agreement Amendment and the Assignment Agreements, the Aggregate Investment plus the Total Reserves on the date hereof will not exceed the Net Receivables Pool Balance on the date hereof.

Borrowing Base. For the period from and including the Fourth Amendment Effective Date to but excluding the next Scheduled Redetermination Date, the amount of the Borrowing Base shall be $400,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments prior to the next Scheduled Redetermination Date from time to time pursuant to [Section 2.07(e)], [Section 2.07(f)] or [Section 8.13(c)].

Borrowing Base Reports. Upon receipt of any Borrowing Base Report and the related Borrowing Base Certificate delivered pursuant to [Section 2.1(c)(ii)], [Section 2.11(c)(vii)(B)] or [Section 2.11(c)(vii)(C)], Paying Agent shall, on the Business Day following receipt of such Borrowing Base Report, to the extent that Paying Agent has access to all information necessary to perform the duties set forth herein:

Borrowing Base Reports. Borrowers shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Report # as of the close of business of the previous month by the fifteenth day of each month, # as of the close of business of the previous week by the third Business Day of each week, and # at such other times as Agent may request (including, without limitation, following the occurrence and during the continuance of any Event of Default). Each Borrowing Base Report shall # be accompanied by schedules which provide detail supporting such Borrowing Base Report, including, without limitation, an accounts receivable aging, accounts payable aging, sales/invoice registers and collection journals, and a detailed report of all Accounts that meet one or more criteria in [clauses (a) through (o)] of the definition of Eligible Accounts and # include a revised [Schedule 8.6.1] of the Disclosure Schedule, which has been updated as of the end of the immediately preceding month in accordance with Section 8.6.1, all in form and substance satisfactory to Agent in its Permitted Discretion. All information (including a calculation of Availability) in a Borrowing Base Report shall be certified by Borrowers. Agent may from time to time adjust such report in its Permitted Discretion # to reflect Agent’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Account or otherwise; # to adjust advance rates to reflect changes in dilution, quality, mix and other factors affecting Collateral; and # to the extent any information or calculation does not comply with this Agreement.

Borrowing Base Reports. All accounts and inventory included in any Borrowing Base Certificate constitute Eligible Contracts, Eligible Accounts or Eligible Inventory, as appropriate, except as disclosed in such Borrowing Base Certificate.

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