Common use of Collateral and Other Reporting Clause in Contracts

Collateral and Other Reporting. The Credit Parties shall timely ------------------------------ deliver to the Agent the following certificates and reports: (a) Monthly Borrowing Base Certificates. Monthly, within ten ----------------------------------- days after the last day of each month, and at any other time requested by the Agent: a borrowing base certificate for each Borrower substantially in the form of Exhibit R (the "Borrowing Base Certificate"), which shall (i) detail the --------- -------------------------- Eligible Accounts and Eligible Rental Equipment of the Borrower as of the last day of each month (or as of such other date as the Agent may request); (ii) be prepared by or under the supervision of a Financial Officer of the Borrower and certified by such officer subject only to adjustment upon completion of the normal year-end and interim audits of physical Inventory and Rental Equipment of that Borrower; and (iii) have attached thereto such additional schedules and other information as the Agent may request.

Appears in 1 contract

Sources: Credit Agreement (Rental Service Corp)

Collateral and Other Reporting. The Credit Parties shall timely ------------------------------ deliver to the Agent the following certificates and reports: (a) Monthly Borrowing Base Certificates. Monthly, within ten days ----------------------------------- days after the last day of each month, and at any other time requested by the Agent: a borrowing base certificate for each Borrower substantially in the form of Exhibit R P (the "Borrowing Base Certificate"), which shall (i) detail the --------- -------------------------- Eligible Accounts and Eligible Rental Equipment of the Borrower as of the last day of each month (or as of such other date as the Agent may request); (ii) be prepared by or under the supervision of a Financial Officer the chief financial officer or treasurer of the Borrower and certified by such officer subject only to adjustment upon completion of the normal year-end and interim audits of physical Inventory and Rental Equipment of that Borrower; and (iii) have attached thereto such additional schedules and other information as the Agent may request.

Appears in 1 contract

Sources: Credit Agreement (Rental Service Corp)