Common use of Borrowing Base Certificates Clause in Contracts

Borrowing Base Certificates. Within 15 days after the end of each fiscal month, a Borrowing Base Certificate as of the end of the immediately preceding month, substantially in the form of Exhibit 7.1(d) and certified by the chief financial officer of the Borrower to be true and correct as of the date thereof.

Appears in 2 contracts

Sources: Credit Agreement (Delta Woodside Industries Inc /Sc/), Credit Agreement (Delta Woodside Industries Inc /Sc/)

Borrowing Base Certificates. Within 15 The Borrower shall, within forty-five (45) days after the end of each fiscal monthcalendar month commencing with the first calendar month completed subsequent to the date hereof, deliver to the bank a Borrowing Base Certificate Certificate, certified as of the end of the immediately preceding month, substantially in the form of Exhibit 7.1(d) and certified accurate by the chief financial officer of Borrower and acceptable to the Borrower to be true and correct as of the date thereofBank in its sole discretion.

Appears in 2 contracts

Sources: Loan and Security Agreement (Banyan Rail Services Inc.), Loan and Security Agreement (Bhit Inc)

Borrowing Base Certificates. Within 15 thirty (30) days after the end of each fiscal calendar month, the Borrower will furnish to the Bank a completed Borrowing Base Certificate Certificate, prepared as of the end of the immediately preceding month, substantially in the form of Exhibit 7.1(d) such month and certified by the chief financial officer of the Borrower to Borrower, showing the Borrower's calculation (which shall not be true binding on the Bank) of its Eligible Insured Receivables and correct as of Eligible Uninsured Receivables (stated separately), and the date thereofBorrowing Base.

Appears in 1 contract

Sources: Loan Agreement (Beard Co /Ok)

Borrowing Base Certificates. Within 15 Borrower shall submit a fully --------------------------- completed Borrowing Base Certificate not later than fifteen (15) days after the end of each fiscal month, a stating the Borrowing Base Certificate as of the end last day of the immediately preceding month. At Lender's request, substantially in the form of Exhibit 7.1(d) and certified by the chief financial officer of the Borrower shall furnish to be true the Lender such schedules, certificates, lists, records, reports, information and correct as of documents to enable the date thereofLender to verify the Borrowing Base.

Appears in 1 contract

Sources: Revolving Line of Credit Loan Agreement (Netplex Group Inc)

Borrowing Base Certificates. Within 15 Borrower shall submit a fully completed Borrowing Base Certificate not later than fifteen (15) days after the end of each fiscal month, a stating the Borrowing Base Certificate as of the end last day of the immediately preceding month. At Lender's request, substantially in the form of Exhibit 7.1(d) and certified by the chief financial officer of the Borrower shall furnish to be true the Lender such schedules, certificates, lists, records, reports, information and correct as of documents to enable the date thereofLender to verify the Borrowing Base.

Appears in 1 contract

Sources: Revolving Line of Credit Loan Agreement (Dunn Computer Corp /Va/)

Borrowing Base Certificates. Within 15 25 days after the end of each fiscal calendar month, a Borrowing Base Certificate certificate as of the end of the immediately preceding month, substantially in the form of Exhibit 7.1(d7.1(m) and certified by the chief financial officer an Executive Officer of the Borrower to be true and correct as of the date thereofthereof (a "Borrowing Base Certificate").

Appears in 1 contract

Sources: Credit Agreement (Condor Systems Inc)

Borrowing Base Certificates. Within 15 twenty-five (25) days after the end of each fiscal monthcalendar month (and at any other time upon the reasonable request of the Lender), a fully-completed Borrowing Base Certificate as of the end of the immediately preceding monthCertificate, substantially in the form of Exhibit 7.1(d) accompanied by accounts receivable agings reports and certified by the chief financial officer of the Borrower to be true and correct as of the date thereof.accounts payable agings reports;

Appears in 1 contract

Sources: Credit and Security Agreement (Keyw Holding Corp)

Borrowing Base Certificates. Within 15 thirty (30) days after the end of each fiscal month, a Borrowing Base Certificate as of the that month end of the immediately preceding month, substantially in the form of Exhibit 7.1(d) and certified by the chief financial officer of the Borrower to be true and correct promptly as of such other dates as the date thereofBank may reasonably require. Each Borrowing Base Certificate shall include or be accompanied by an accounts receivable aging report in such form as may be reasonably acceptable to the Bank.

Appears in 1 contract

Sources: Credit Agreement (Obsidian Enterprises Inc)

Borrowing Base Certificates. Within 15 Borrower shall submit a fully completed Borrowing Base Certificate not later than twenty (20) days after the end of each fiscal month, a stating the Borrowing Base Certificate as of the end last day of the immediately preceding month. At Lender’s request, substantially in the form of Exhibit 7.1(d) and certified by the chief financial officer of the Borrower shall furnish to be true the Lender such schedules, certificates, lists, records, reports, information and correct as of documents to enable the date thereofLender to verify the Borrowing Base.

Appears in 1 contract

Sources: Revolving Line of Credit Loan Agreement (Spectrum Sciences & Software Holdings Corp)

Borrowing Base Certificates. Within 15 As often as the Bank shall from time to time request and in any event within twenty (20) days after the end of each fiscal calendar month, the Borrower will deliver to the Bank a Borrowing Base Certificate reflecting the Borrower’s Qualified Accounts, Qualified Inventory and other matters as of the end close of business of the last day of the calendar month immediately preceding month, substantially in the form date of Exhibit 7.1(d) and certified by the chief financial officer delivery of the Borrower Borrowing Base Certificate, on the Bank’s standard forms as delivered to be true the Borrower, with all blanks completed, in form and correct as of substance satisfactory to the date thereofBank.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Ipec Holdings Inc)