Common use of Borrowing Base and Compliance Clause in Contracts

Borrowing Base and Compliance. Pursuant to the DIP Loan Documents, the Credit Parties granted to Agent a lien on the Collateral, including (except to the extent such Property constitutes Excluded Collateral) all of their Accounts, Equipment and Inventory. The amounts, calculations and representations set forth in this Borrowing Base Certificate, in Schedule 1 attached hereto and in any other attachments hereto are true and correct in all respects and were determined in accordance with the Loan Agreement and GAAP. All of the Accounts, Cash Collateral and Inventory referred to herein (other than those entered as ineligible) are Eligible Accounts, Eligible Equipment and Eligible Inventory, respectively.

Borrowing Base and Compliance. Pursuant to the DIP Loan Documents, the Credit Parties granted to Agent a lien on the Collateral, including (except to the extent such Property constitutes Excluded Collateral) all of their Accounts, Equipment and Inventory. The amounts, calculations and representations set forth in this Borrowing Base Certificate, in Schedule 1 attached hereto and in any other attachments hereto are true and correct in all respects and were determined in accordance with the Loan Agreement and GAAP. All of the Accounts, Cash Collateral Equipment and Inventory referred to herein (other than those entered as ineligible) are Eligible Accounts, Eligible Equipment and Eligible Inventory, respectively.