Change in Borrowing Base. The Borrowing Base shall be determined ------------------------- monthly (or at such other interval as may be specified pursuant to ss.8.4(f)) by the Agent by reference to the Borrowing Base Report, commercial finance and collateral audit reports, and other information obtained by or provided to the Agent. The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent.
Appears in 1 contract
Sources: Revolving Credit Agreement (Fairfield Communities Inc)
Change in Borrowing Base. The Borrowing Base shall be determined ------------------------- monthly (or at such other interval as may be specified pursuant to ss.8.4(f)) by the Administrative Agent by reference to the Borrowing Base Report, commercial finance and collateral audit reports, and other information obtained by or provided to the Administrative Agent. The Administrative Agent shall give to the Borrower Borrowers written notice of any change in the Borrowing Base determined by the Administrative Agent.
Appears in 1 contract
Sources: Revolving Credit Agreement (Fairfield Communities Inc)
Change in Borrowing Base. The Borrowing Base shall be determined ------------------------- monthly weekly (or at such other interval as may be specified pursuant to ss.8.4(fss.7.4(f)) by the Administrative Agent by reference to the Borrowing Base Report, commercial finance Certificate delivered to the Lenders and collateral audit reports, the Administrative Agent pursuant to ss.7.4(f) and other information obtained by or provided to the Administrative Agent. The Administrative Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Administrative Agent, which notice shall be effective upon its receipt by the Borrower.
Appears in 1 contract
Sources: Revolving Credit Agreement (Quaker Fabric Corp /De/)
Change in Borrowing Base. The Borrowing Base shall be determined ------------------------- ------------------------ monthly (or at such other interval as may be specified pursuant to ss.8.4(f)) by the Agent by reference to the Borrowing Base Report, commercial finance and collateral audit reports, and other information obtained by or provided to the Agent. The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent.
Appears in 1 contract
Sources: Revolving Credit Agreement (Fairfield Communities Inc)
Change in Borrowing Base. The Borrowing Base shall be determined ------------------------- monthly (or at such other interval as may be specified pursuant to ss.8.4(f)) by the Agent by reference to the Borrowing Base ReportReport delivered to the Banks and the Agent, commercial finance and collateral audit reports, and other information obtained by or provided to the Agent. The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the advance rates with respect to Eligible Accounts Receivable or Eligible Inventory, such notice shall be effective 5 days after its receipt by the Borrower.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Aviall Inc)