Common use of Delivery of Borrowing Base Certificates Clause in Contracts

Delivery of Borrowing Base Certificates. The EqualNet Companies will deliver to the Purchaser a Borrowing Base Certificate at any time that the Purchaser notifies the Borrower that it is considering making the Initial Refinancing Loan as provided in Section 2.1 hereof and thereafter during any period in which any Refinancing Loans are outstanding as often as the Purchaser shall reasonably request.

Appears in 2 contracts

Sources: Note and Warrant Purchase Agreement (Equalnet Holding Corp), Note and Warrant Purchase Agreement (Streep John S)