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.
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:
. 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. 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.
Borrowing Base. Agent shall have received a duly executed Borrowing Base Certificate which shall indicate that the aggregate amount of Eligible Accounts and Eligible Inventory is sufficient in value and amount to support Revolving Advances and Letters of Credit in the amount requested by Borrowers on the Closing Date;
Borrowing Base. Not applicable.
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 Certificate. The Administrative Agent shall have received a Borrowing Base Certificate which calculates the Borrowing Base as of a date specified by the Administrative Agent.
Borrowing Base Deficiency. Company shall prepay the Revolving Loans within two (2) Business Day of the earlier of # an Authorized Officer or the Chief Financial Officer (or in each case, the equivalent thereof) of Company becoming aware that a Borrowing Base Deficiency exists and # receipt by Company of notice from any Agent or any Lender that a Borrowing Base Deficiency exists, in each case in an amount equal to such Borrowing Base Deficiency, which shall be applied first, to prepay the Class A Revolving Loans as necessary to cure any Class A Borrowing Base Deficiency, and, second, to prepay the Class B Revolving Loans as necessary to cure any Class B Borrowing Base Deficiency.
Borrowing Base Reduction. For the period from and including the Sixth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $540,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time to the extent required by [Section 2.07(e)], [Section 2.07(f)] or [Section 8.12(c)].
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