Common use of Monthly Certificate Clause in Contracts

Monthly Certificate. To the extent that (i) any assets of a type that would constitute Collateral have been pledged by any Subsidiary to any Person financing a transaction permitted under Section 5.02(f)(vii) or (ii) the Borrower has elected to designate a Subsidiary as an Excluded Subsidiary as permitted under Section 5.01(j), then, as soon as available and in any event within 15 days after the end of each month, a certificate of a Financial Officer of the Borrower, in form and substance satisfactory to the Joint Lead Arrangers and the Administrative Agents, demonstrating that the aggregate of (x) 85% of the book value of the accounts receivable that constitute Collateral, and (y) 65% of the book value of the inventory that constitutes Collateral exceeds the sum of (A) the aggregate principal amount outstanding under the Revolving Credit Facility (including outstanding Letters of Credit and Swing Line Advances plus (B) the aggregate amount of obligations outstanding under Secured Cash Management Agreements at such time plus (C) the aggregate Agreement Value of all Secured Hedge Agreements at such time.