Common use of Borrowing Base Certificates Clause in Contracts

Borrowing Base Certificates. Within 10 Business Days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower on behalf of the Borrowers (provided that (a) the Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent may require the Borrowers to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (MPW Industrial Services Group Inc)

Borrowing Base Certificates. Within 10 Business Days 15 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each the Borrower on behalf of the Borrowers Borrower (provided that (a) the Borrowers Borrower may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent may require the Borrowers Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (American Railcar Industries, Inc.)

Borrowing Base Certificates. Within 10 Business Days 15 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior the Chief Financial Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (ai) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (bii) at any time an Event of Default exists, the Administrative Agent may require the Borrowers Company to deliver Borrowing Base Certificates more frequently), together with monthly accounts payable reports, Accounts Receivable reports and inventory listings, in form and substance acceptable to Agent.

Appears in 1 contract

Sources: Credit Agreement (Global Technovations Inc)

Borrowing Base Certificates. Within 10 Business Days 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each the Borrower Representative on behalf of the Borrowers (provided that (a) the Borrowers Borrower Representative may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent may require the Borrowers to deliver Borrowing Base Certificates more frequently)chooses.

Appears in 1 contract

Sources: Credit Agreement (Reinhold Industries Inc/De/)

Borrowing Base Certificates. Within 10 Business Days 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior the Chief Financial Officer or the Treasurer of each Borrower the Company on behalf of the Borrowers Company (provided that (ai) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (bii) at any time an Event of Default exists, the Administrative Agent may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (Compudyne Corp)

Borrowing Base Certificates. Within 10 Business Days days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (a) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (KapStone Paper & Packaging CORP)

Borrowing Base Certificates. Within 10 Business Days thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower the Company on behalf of the Borrowers Company together with a lease receivable aging (provided that (a) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent or any Lender may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (Winmark Corp)

Borrowing Base Certificates. Within 10 15 Business Days of the end of each monthfour-week accounting period, a Borrowing Base Certificate dated as of the end of such month period and executed by a Senior Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (a) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (Fresh Brands Inc)

Borrowing Base Certificates. Within 10 Business Days 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower on behalf of the Borrowers such Borrower (provided that (a) the Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses they choose and (b) at any time an Event of Default existsexists and has not been waived in accordance with Section 14.1, the Administrative Agent Lender may require the Borrowers to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Loan and Security Agreement (Lifeway Foods Inc)

Borrowing Base Certificates. Within 10 Business Days thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (a) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent or any Lender may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Revolving Credit Agreement (Winmark Corp)

Borrowing Base Certificates. Within 10 Business Days 30 days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each the Borrower on behalf of the Borrowers Borrower (provided that (a) the Borrowers Borrower may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent Lender may require the Borrowers Borrower to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (Janel Corp)

Borrowing Base Certificates. Within 10 ten Business Days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior the Chief Financial Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (a) the Borrowers may deliver a Borrowing Base Certificate more frequently if it chooses and (b) that, at any -------- time an Event of Default exists, the Administrative Agent may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: Credit Agreement (U S Aggregates Inc)

Borrowing Base Certificates. Within 10 Business Days thirty (30) days of the end of each month, a Borrowing Base Certificate dated as of the end of such month and executed by a Senior Officer of each Borrower the Company on behalf of the Borrowers Company (provided that (a) the Borrowers Company may deliver a Borrowing Base Certificate more frequently if it chooses and (b) at any time an Event of Default exists, the Administrative Agent Lender may require the Borrowers Company to deliver Borrowing Base Certificates more frequently).

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Winmark Corp)