ALSO
THE END OF ANY FISCAL QUARTER OF HOLDINGS, A CALCULATION OF AVERAGE QUARTERLY
AVAILABILITY FOR SUCH QUARTER THEN ENDED AND AN INDICATION OF WHAT THE
APPLICABLE RATE IS AS A RESULT OF SUCH AVERAGE QUARTERLY AVAILABILITY), TOGETHER
WITH ANY ADDITIONAL REPORTS WITH RESPECT TO THE BORROWING BASE AS THE
ADMINISTRATIVE AGENT MAY REASONABLY REQUEST; PROVIDED THAT IF, AT THE TIME THE
LENDERS MAKE ANY LOAN TO THE BORROWER HEREUNDER AND THE BORROWER SHALL NOT HAVE
DELIVERED A BORROWING BASE CERTIFICATE WITHIN THE PRECEDING TWENTY (20) DAYS,
THE BORROWER SHALL DELIVER A BORROWING BASE CERTIFICATE TO THE ADMINISTRATIVE
AGENT AS SOON AS AVAILABLE BUT IN ANY EVENT WITHIN TEN (10) DAYS OF THE FUNDING
OF SUCH LOAN, WHICH BORROWING BASE CERTIFICATE SHALL SET FORTH THE BORROWING
BASE AS OF THE LAST DAY OF THE CALENDAR MONTH MOST RECENTLY ENDED;
(H)
AS SOON AS AVAILABLE BUT IN ANY EVENT WITHIN TWENTY (20) DAYS AFTER THE END
OF EACH FISCAL QUARTER OF EACH FISCAL YEAR OF HOLDINGS ((OR WITHIN TWENTY (20)
DAYS OF THE END OF EACH CALENDAR MONTH IF AND SO LONG AS THE MONTHLY REPORTING
TRIGGER IS IN EFFECT) (OR WITHIN FOUR (4) DAYS OF THE END OF EACH CALENDAR WEEK
IF AND SO LONG AS THE AVAILABILITY TRIGGER IS IN EFFECT)), AND AT SUCH OTHER
TIMES AS MAY BE REQUESTED BY THE ADMINISTRATIVE AGENT UPON AT LEAST FOUR
(4) DAYS' PRIOR NOTICE TO THE BORROWER, AS OF THE PERIOD THEN ENDED, ALL
DELIVERED ELECTRONICALLY IN A TEXT FORMATTED FILE ACCEPTABLE TO THE
ADMINISTRATIVE AGENT:
(I)
A DETAILED AGING OF THE EACH LOAN PARTY'S ACCOUNTS (BUT ONLY A DETAILED
SCHEDULE IN THE CASE OF CREDIT CARD ACCOUNT RECEIVABLES) (1) INCLUDING ALL
INVOICES AGED BY INVOICE DATE AND DUE DATE (WITH AN EXPLANATION OF THE TERMS
OFFERED IF NOT THEN STANDARD) AND (2) RECONCILED TO THE BORROWING BASE
CERTIFICATE DELIVERED AS OF SUCH DATE PREPARED IN A MANNER REASONABLY ACCEPTABLE
TO THE ADMINISTRATIVE AGENT, TOGETHER WITH A SUMMARY SPECIFYING THE NAME,
ADDRESS, AND BALANCE DUE FOR EACH ACCOUNT DEBTOR;
(II)
A SCHEDULE DETAILING EACH LOAN PARTY'S INVENTORY, IN FORM SATISFACTORY TO
THE ADMINISTRATIVE AGENT, (1) BY LOCATION (SHOWING INVENTORY IN TRANSIT, ANY
INVENTORY LOCATED WITH A THIRD PARTY UNDER ANY CONSIGNMENT, BAILEE ARRANGEMENT,
OR WAREHOUSE AGREEMENT), BY CLASS (RAW MATERIAL, WORK-IN-PROCESS AND FINISHED
GOODS), BY PRODUCT TYPE, AND BY VOLUME ON HAND, WHICH INVENTORY SHALL BE VALUED
AT THE LOWER OF COST (DETERMINED ON A FIRST-IN, FIRST-OUT BASIS) OR MARKET AND
ADJUSTED FOR RESERVES AS THE ADMINISTRATIVE AGENT HAS PREVIOUSLY INDICATED TO
THE BORROWER ARE DEEMED BY THE ADMINISTRATIVE AGENT TO BE APPROPRIATE,
(2) INCLUDING A REPORT OF ANY VARIANCES OR OTHER RESULTS OF INVENTORY COUNTS
PERFORMED BY SUCH LOAN PARTY SINCE THE LAST INVENTORY SCHEDULE (INCLUDING
INFORMATION REGARDING SALES OR OTHER REDUCTIONS, ADDITIONS, RETURNS, CREDITS
ISSUED BY SUCH LOAN PARTY AND COMPLAINTS AND CLAIMS MADE AGAINST SUCH LOAN PARTY
WHICH IN THE AGGREGATE EXCEED $100,000 IN SUCH MONTH), AND (3) RECONCILED TO THE
BORROWING BASE CERTIFICATE DELIVERED AS OF SUCH