Asset Tape Clause Samples
An Asset Tape clause defines the requirement for providing a detailed record or report of assets, typically in the context of financial transactions or loan agreements. This clause specifies the format, frequency, and content of the asset data to be delivered, such as lists of receivables, outstanding balances, or collateral details. Its core function is to ensure transparency and accurate information sharing between parties, thereby facilitating monitoring, verification, and risk assessment of the underlying assets.
Asset Tape. Seller shall provide to Buyer, electronically, in a format mutually acceptable to Buyer and Seller, an Asset Tape by no later than the Reporting Date.
Asset Tape. Sellers shall provide to Administrative Agent, electronically, in a format mutually acceptable to Administrative Agent and Sellers, an Asset Tape by no later than the Reporting Date.
Asset Tape. On a monthly basis or within two (2) Business Days following a request from Buyer, Seller shall provide to Buyer or Custodian, electronically, in a format mutually acceptable to Buyer and Seller, an Asset Tape.
Asset Tape. Borrowers shall deliver to the Lender monthly, on or before fifteen (15) days after the end of each calendar month, (i) a schedule in computer-readable form, containing such information reasonably requested by the Lender, including, without limitation, servicing information, with those fields specified by the Lender from time to time, on a loan-by-loan basis and in the aggregate, with respect to the SBC Loans (other than Participant Loans) pledged hereunder by such Borrower or any other Servicer of the SBC Loans (if any), including any fields Lender may reasonably request in order to determine the Market Value of the Financed Assets and all data which the Lender is required to obtain for any regulatory reporting purposes and (ii) a status sheet schedule, containing such information reasonably requested by the Lender with those fields specified by the Lender from time to time, on a loan-by-loan basis and in the aggregate, with respect to the Participant Loans pledged hereunder by such Borrower, including any fields Lender may reasonably request in order to determine the Market Value of the Financed Assets and all data which the Lender is required to obtain for any regulatory reporting purposes (collectively, the “Asset Tape”).
Asset Tape. If required pursuant to Section 14(g), the Sellers shall provide to Buyer, electronically, in a format mutually acceptable to Buyer and the Sellers, an Asset Tape by no later than the Reporting Date.
Asset Tape. Within two (2) Business Days following a request from Buyer, Seller shall provide to Buyer, electronically, in a format mutually acceptable to Buyer and Seller, an Asset Tape. Any such request by Buyer may be for on-going or continuing delivery of an Asset Tape, and such request may be terminated by the Buyer at any time in its discretion.
15. Section 19 of the MRSC is hereby deleted in its entirety and replaced as follows:
Asset Tape. The information set forth in the related Asset Tape and all other information or data furnished with respect to each Mortgage Loan by, or on behalf of, Seller to Buyer is complete, true and correct in all material respects as of the date of such information.
Asset Tape. Seller shall cause Servicer to provide an Asset Tape to Buyer or the Custodian in accordance with Section 13(d).
Asset Tape. Seller shall cause Servicer to provide to Buyer or Custodian, electronically, on a monthly basis or within two (2) Business Days following a request from Buyer, in a format mutually acceptable to Buyer and Seller, an Asset Tape.
Asset Tape. Within two (2) Business Days following a request from Administrative Agent, Seller shall provide to Administrative Agent, electronically, in a format mutually acceptable to Administrative Agent and Seller, an Asset Tape.