SCHEDULES AND REPORTS Clause Samples
The "Schedules and Reports" clause outlines the requirements for the preparation, submission, and timing of various schedules and reports related to the agreement. It typically specifies what types of information must be included in these documents, such as progress updates, financial statements, or compliance certifications, and sets deadlines for their delivery to the relevant parties. By establishing clear expectations for documentation and reporting, this clause ensures transparency, facilitates monitoring of obligations, and helps prevent misunderstandings or disputes regarding the status of the agreement.
SCHEDULES AND REPORTS. (a) Within ten (10) days after the close of each calendar month, and at such other times as may be requested by Bank from time to time hereafter, Borrower shall deliver to Bank (i) a schedule identifying each Account and which Accounts constitute Eligible Accounts together with copies of the invoices when requested by Bank (with evidence of shipment attached) pertaining to each such Account, for the month (or other applicable period) immediately preceding; (ii) such additional schedules, certificates, reports and information with respect to the Collateral as Bank may from time to time require. Bank, through its officers, employees or agents, shall have the right, at any time and from time to time in Bank's name, in the name of a nominee of Bank or in Borrower's name, to verify the validity, amount or any other matter relating to any of Borrower's Accounts, by mail, telephone, telegraph or otherwise. Borrower shall reimburse Bank, on demand, for all costs, fees and expenses incurred by Bank in this regard.
(b) Without limiting the generality of the foregoing, Borrower shall deliver to Bank, at least once a month (or more frequently when requested by Bank), a report with respect to Borrower's Inventory. Borrower shall immediately notify Bank of any event causing loss or depreciation in value of Borrower's Inventory (other than normal depreciation occurring in the ordinary course of business) and which exceeds $50,000.00. ---------
(c) All schedules, certificates, reports, and other items delivered by Borrower to Bank hereunder shall be executed by an authorized representative of Borrower and shall be in such form and contain such information as Bank shall specify.
SCHEDULES AND REPORTS. Borrowers shall furnish or cause to be furnished to Agent the following:
(a) Each Borrower shall provide Agent with an executed daily loan report and certificate in Agent's then current form on each day on which such Borrower requests a Loan, and in any event at least one (1) each week, which shall be accompanied by copies of such Borrower's sales journal, cash receipts journal and credit memo journal for the relevant period. Such report shall reflect the activity of such Borrower with respect to Accounts for the immediately preceding week, and shall be in a form and with such specificity as is satisfactory to Agent and shall contain such additional information as Agent may reasonably require concerning Accounts and Inventory of such Borrower included, described or referred to in such report and any other documents in connection therewith requested by Agent, including, without limitation, but only if specifically requested by Agent, copies of all invoices prepared in connection with such Accounts of such Borrower. In addition, each Borrower shall deliver to Agent, at least once a week (or more frequently as requested by Agent), within two (2) days after the end of each calendar week, a summary report with respect to such Borrower's Inventory.
(b) As soon as practicable and in any event within thirty (30) days following the end of each calendar month (except that for the calendar months ending on or prior to September 30, 1998, within forty-five (45) days following the end of such month): (1) consolidated and consolidating statements of income and statements of cash flow of such Borrower for each such month and for the period from beginning of the then current fiscal year of such Borrower to the end of such month, (2) consolidated and consolidating balance sheets of such Borrower as of the end of such month, and (3) with respect to such statements of income and balance sheets, in comparative form, figures for the corresponding periods in the preceding fiscal year of such Borrower and to the then current budget disclosing the variances from such budget, in all reasonable detail and certified by the chief financial officer of such Borrower that such statements fairly present the financial condition of such Borrower in accordance with generally accepted accounting principles, subject to changes resulting from normal year-end adjustments (including, without limitation, LIFO adjustments) and the absence of footnotes.
(c) In addition to any other reports, as soon...
SCHEDULES AND REPORTS. Borrower shall furnish or cause to be furnished to LaSalle the following:
SCHEDULES AND REPORTS. Dealer shall deliver to Lender as soon as available, and in any event within 90 days after the end of Dealer’s fiscal year, a complete audited financial statement for Dealer’s business.
SCHEDULES AND REPORTS. Furnish to the Bank, in form and detail satisfactory to the Bank: (a) written notice of any event causing loss, material damage or depreciation in value of any of the Collateral, describing, and specifying the amount of, such loss, damage or depreciation; and (b) from time to time, as the Bank may request, such additional schedules, certificates and reports concerning the Collateral, including the Account Debtors obligated thereon, as the Bank may request.
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SCHEDULES AND REPORTS. (a) Deliver to the Lender, within twenty (20) days after the end of each Fiscal Month, commencing with the Fiscal Month ending May 31, 2018, a perpetual inventory report.
(b) Deliver to Lender a statement of sales within twenty (20) days after the end of each Fiscal Month, commencing with the Fiscal Month ending May 31, 2018, and if and the extent that any Borrower seeks to include the Receivables resulting from such sales in the Borrowing Base and collections for the previous Business Day, showing outstanding Receivables as of the close of business on the previous Business Day; and (c) Deliver to Lender at such intervals as Lender may reasonably require, in its Permitted Discretion, in writing: (i) confirmatory assignment schedules, (ii) copies of Customer’s invoices, (iii) evidence of shipment or delivery, (iv) copies of UCC-1 or mechanics lien filings evidencing Borrowers’ contractual right to obtain a lien on equipment sales in the Ordinary Course of Business and (v) such further schedules, documents and/or information regarding the Collateral as Lender, in its Permitted Discretion, may require including, without limitation, trial balances and test verifications. Lender shall also have the right to confirm and verify all Receivables by any manner and through any medium it considers commercially advisable and do whatever it may deem commercially necessary to protect its interests hereunder. The items to be provided under this Section shall be in fonu satisfactory to Lender and executed by Borrowing Representative and delivered to Lender from time to time solely for Lender’s convenience in maintaining records of the Collateral, and any failure to deliver any of such items to Lender shall not affect, terminate, modify or otherwise limit Lender’s Lien with respect to the Collateral.
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SCHEDULES AND REPORTS. (a) Borrowers shall provide to LaSalle compliance certificates in the form attached as Exhibit D and the periodic reports and other information and schedules described on Exhibit E at the times specified on Exhibit E. In addition, Borrowers shall furnish LaSalle with such other statements and reports as LaSalle may request from time to time, including, without limitation, providing the reports, information, and schedules listed on Exhibit E on a more frequent basis than specified on Exhibit E.
(b) Borrowers shall immediately notify LaSalle of any event causing material loss or depreciation in value of the Collateral (other than normal depreciation occurring in the ordinary course of business).
(c) All schedules, certificates, reports and assignments and other items delivered by Borrowers to LaSalle hereunder shall be executed by an authorized representative of Borrowers and shall be in such form and contain such information as LaSalle shall reasonably request.
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