Common use of Collateral Report Clause in Contracts

Collateral Report. The Company must supply to the Facility Agent a Collateral Report (substantially in the form set out in Part 1 (TTM ABL Collateral Report (Non-Full Cash Dominion Period) of Schedule 10 (Form of Collateral Report)) and its Aging Report prepared as at the last day of each fiscal month and supplied by no later than the 15th day of the following fiscal month or, if such 15th day is not a Business Day, the immediately following Business Day. During the Full Cash Dominion Period, the Company must supply to the Facility Agent a Collateral Report (substantially in the form set out in Part 2 (TTM ABL Collateral Report (Full Cash Dominion Period) of Schedule 10 (Form of Collateral Report)) and its Aging Reports prepared as at the last day of each week by no later than the second Business Day of the following week. Each of the Obligors hereby acknowledges that the Company has the authority to sign and supply the Collateral Report on its behalf. For the purpose of this Clause, the Facility Agent may make each Collateral Report and its Aging Reports it receives from the Company available to the Lenders. Upon receiving the Collateral Report and its Aging Reports, the Lenders may inform the Facility Agent, who may then inform the Borrowers, if necessary, actions which the Borrowers are required to take.