Grouped Into 4 Collections of Similar Clauses From Business Contracts
This page contains Reporting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Reporting. (Section 5.3): Borrower shall provide Lender with the following, all of which shall be in such form as Lender shall specify: (a) Transaction reports, schedules of collections, sales journal and credit memos, each week and at the time of each Loan request, on Lender's standard form; (b) Monthly accounts receivable agings, aged by invoice date, with borrowing base certificate, within ten Business Days after the end of each month; (c) Monthly accounts payable agings, aged by invoice date, and outst...anding or held check registers, if any, within ten Business Days after the end of each month; (d) Monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, and general ledger, within ten Business Days after the end of each month; (e) [omitted]; (f) Monthly unaudited financial statements, as soon as available, and in any event within 30 days after the end of each month; (g) Annual operating budgets and financial projections (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower within twenty days prior to the end of each fiscal year of Borrower, approved by Borrower's board of directors; (h) Annual financial statements, as soon as available, and in any event within 90 days following the end of Borrower's fiscal year, certified by, and with an unqualified opinion of, independent certified public accountants acceptable to Lender; (i) Each of the financial statements in subsections (e) and (g) above shall be accompanied by Compliance Certificates, in such form as Lender shall reasonably specify, signed by the Chief Financial Officer of Borrower, certifying that as of the end of such period Borrower was in full compliance with all of the terms and conditions of the Loan Agreement, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Lender shall request in its Good Faith Business Judgment; (j) promptly upon receipt, each management letter prepared by Borrower's independent certified public accounting firm regarding Borrower's management control systems; (k) such budgets, sales projections, operating plans or other financial information generally prepared by Borrower in the ordinary course of business as Lender may reasonably request from time to time; and (l) within 30 days of the last day of each fiscal quarter, a report signed by Borrower, in form reasonably acceptable to Lender, listing any applications or registrations that Borrower has made or filed in respect of any Patents, Copyrights or Trademarks and the status of any outstanding applications or registrations, as well as any material change in Borrower's Intellectual Property, including but not limited to any subsequent ownership right of Borrower in or to any Trademark, Patent or Copyright not specified in exhibits to any Intellectual Property Security Agreement delivered to Lender by Borrower in connection with the Loan Agreement.View More
Reporting. (Section 5.3): Borrower shall provide Lender with the following, all of which shall be in such form as Lender shall specify: specify (Lender may, at its option, require Borrower to submit the following on a more frequent basis in the event that (i) an Event of Default occurs and is continuing, (ii) an Overadvance occurs and remaining outstanding or (iii) Lender determines in its sole discretion that there exists a material weakness in the Collateral or Lender's security interest therein): (a) Tr...ansaction reports, schedules of collections, sales journal and credit memos, each week and at Monthly borrowing base certificate within 15 days after the time end of each Loan request, on Lender's standard form; calendar month, together with the documents and reports in subclauses (b) through (e) below); (b) Monthly accounts receivable agings, aged by invoice date, with borrowing base certificate, within ten Business Days fifteen days after the end of each month; (c) Monthly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, within ten Business Days fifteen days after the end of each month; (d) Monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, and general ledger, within ten Business Days fifteen days after the end of each month; (e) [omitted]; Monthly perpetual inventory reports for the Inventory valued on a first-in, first-out basis at the lower of cost or market (in accordance with GAAP) or such other inventory reports as are requested by Lender in its Good Faith Business Judgment, all within fifteen days after the end of each month; (f) Monthly unaudited financial statements, as soon as available, and in any event within 30 days after the end of each month; month ("Monthly Financial Statements"); (g) Annual operating budgets and financial projections (including income statements, balance sheets and cash flow statements, by month) for (i) the upcoming fiscal year of Borrower within twenty 30 days prior to the end of each such upcoming fiscal year year-end of Borrower, approved and (ii) such periods and at such times as requested by Borrower's board of directors; Lender in its Good Faith Business Judgment; -3- Pacific Mercantile Bank Schedule to Loan and Security Agreement (h) Annual financial statements, as soon as available, and in any event within 90 days following the end of Borrower's fiscal year, certified by, and with an unqualified opinion of, independent certified public accountants acceptable to Lender; Lender (the "Annual Financial Statements"); (i) Each of the financial statements in subsections (e) Monthly Financial Statements and (g) above the Annual Financial Statements shall be accompanied by Compliance Certificates, in such form as Lender shall reasonably specify, signed by the Chief Financial Officer of Borrower, certifying that as of the end of such period and the date of such Certificate Borrower was in full compliance with all of the terms and conditions of the Loan Agreement, and no Default or Event of Default had occurred, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Lender shall request in its Good Faith Business Judgment; Judgment, including, without limitation, a statement that at the end of such period there were no held checks; (j) promptly upon receipt, each management letter prepared by Borrower's independent certified public accounting firm regarding Borrower's management control systems; (k) such budgets, sales projections, operating plans or other financial information generally prepared by Borrower in the ordinary course of business as Lender may reasonably request from time to time; (l) [Intentionally Omitted]; and (l) within 30 days of the last day of each fiscal quarter, a report signed by Borrower, in form reasonably acceptable to Lender, listing any applications or registrations that (m) Borrower has made or filed in respect of any Patents, Copyrights or Trademarks shall deliver all reports, certificates and the status of any outstanding applications or registrations, as well as any material change in Borrower's Intellectual Property, including but not limited to any subsequent ownership right of Borrower in or to any Trademark, Patent or Copyright not specified in exhibits to any Intellectual Property Security Agreement delivered other documents to Lender by as provided in the Exim Borrower in connection with the Loan Agreement. Agreement, including, without limitation, purchase orders and any other information that Lender and Exim Bank may reasonably request. View More
Reporting. (Section 5.3): Borrower 5.3):Borrower shall provide Lender with the following, all of which shall be in such form as Lender shall specify: (a) Transaction reports, schedules of collections, sales journal and credit memos, each week and at the time of each Loan request, on Lender's standard form; (b) Monthly specify:(a) Quarterly accounts receivable agings, aged by invoice date, with borrowing base certificate, within ten Business Days 45 days after the end of each month; (c) Monthly quarter (or ...90 days if such quarter is also the end of the fiscal year);(b) Quarterly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, within ten Business Days 45 days after the end of each month; (d) Monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, and general ledger, within ten Business Days after quarter (or 90 days if such quarter is also the end of each month; the fiscal year);(c) [Omitted]; (d) [Omitted]; (e) [omitted]; (f) Monthly Quarterly unaudited financial statements, as soon as available, and in any event within 30 45 days after the end of each month; (g) quarter (or 90 days if such quarter is also the end of the fiscal year); (f) Annual operating budgets and financial projections (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower within twenty days prior to the end February 1 of each fiscal year of Borrower, such year, approved by Borrower's board of directors; (h) directors;(g) Annual financial statements, statements of Borrower on a consolidated basis, as soon as available, and in any event within 90 120 days following the end of Borrower's fiscal year, certified by, and with an unqualified opinion of, independent certified public accountants acceptable to Lender; (i) Lender;(h) Each of the financial statements in subsections (e) and (g) above shall be accompanied by Compliance Certificates, in such form as Lender shall reasonably specify, signed by the Chief Financial Officer or VP Finance of Borrower, certifying that as of the end of such period Borrower was in full compliance with all of the terms and conditions of the Loan Agreement, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Lender shall request in its Good Faith Business Judgment; (j) Judgment;(i) promptly upon receipt, each management letter prepared by Borrower's independent certified public accounting firm regarding Borrower's management control systems; (k) (j) such budgets, sales projections, operating plans or other financial information generally prepared by Borrower in the ordinary course of business as Lender may reasonably request from time to time; and (l) within 30 days of the last day of each fiscal quarter, time;(k) Concurrently with a Compliance Certificate delivered pursuant to clause (h) above, a report signed by Borrower, in form reasonably acceptable to Lender, listing any applications or registrations that Borrower has made or filed in respect of any Patents, Copyrights or Trademarks and the status of any outstanding applications or registrations, as well as any material change in Borrower's Intellectual Property, including but not limited to any subsequent ownership right of Borrower in or to any Trademark, Patent or Copyright not specified in exhibits to any Intellectual Property Security Agreement delivered to Lender by Borrower in connection with the Loan Agreement. Agreement; and(l)With respect to nLight Laser Technology (Shanghai) Co., Ltd., Borrower shall provide Lender with the reports set forth in subsections (a) and (b) above. View More
Reporting. For the avoidance of doubt, the Loan Parties shall deliver a Compliance Certificate and all other financial reports with respect to the fiscal quarter ending September 30, 2017 as and when required under the Credit Agreement notwithstanding the absence of financial covenants with respect to such fiscal quarter.
Reporting. For the avoidance of doubt, the Loan Parties shall deliver a Compliance Certificate and all other financial reports with respect to the fiscal quarter ending September 30, 2017 March 31, 2018 as and when required under the Credit Agreement notwithstanding the absence of financial covenants with respect to such fiscal quarter.
Reporting. The Consultant shall report to the Chief Executive Officer or such other officer or employee as may be designated by the Company. The Contractor shall provide a quarterly written summary report to the Company on his progress.
Reporting. The Consultant shall report to the Chief Executive Officer or such other officer or employee as may be designated by the Company. The Contractor Consultant shall provide a quarterly monthly written summary report to the Company on his progress.
Reporting. The Executive will report to and take directions from the President of the Company (hereinafter "President") and Board of Directors (hereinafter "BOD") and will keep the Company informed of all matters concerning the duties as requested by the Company from time to time.
Reporting. The Executive will report to and take directions from the President of the Company (hereinafter "President") and Board of Directors (hereinafter the "BOD") and will keep the Company informed of all matters concerning the duties as requested by the Company from time to time.
