Changes Following Final Monthly Distribution. In connection with the Final Monthly Distribution, the Working Capital Reserve Target will be the amount determined by the Manager as the applicable amount to be maintained in the Working Capital Reserve pursuant to Section 9.2, and any excess amounts in the Working Capital Reserve will, prior to such Final Monthly Distribution, be transferred to the Collection Account pursuant to Section 3.6 of the Custodial and Paying Agency Agreement. Following the Final Monthly Distribution and continuing until the release of all remaining funds in the Working Capital Reserve and completion of the Final Distribution (if any), the Manager will, in connection with each Monthly Report (as the same may be adjusted for purposes of such period), set forth therein the applicable remaining amount in the Working Capital Reserve, and all distributions and payments made from the Working Capital Reserve.
Changes Following Final Monthly Distribution. Notwithstanding anything to the contrary contained in this Annex II, for any period following the Final Monthly Distribution, the Initial Member, in its sole discretion, can waive any or all of the annual, semi-annual and quarterly reporting under Section 2(a), Section 2(b), Section 3(c) and Section 3(d) pursuant to such terms and conditions that may be established by the Initial Member. Furthermore, connection with the Final Monthly Distribution and for purposes of all distributions thereafter, (i) the form of Monthly Report will be adjusted by, or in a manner satisfactory to, the Initial Member so as to remove items that are no longer relevant and to appropriately cover the Working Capital Reserve and all payments and distributions relating thereto (including updates to the reserve analysis provided pursuant to Section 9.2(a) of the LLC Operating Agreement and projected timing for payments and distributions of remaining funds in the Working Capital Reserve), and (ii) such Monthly Report will be delivered in connection with each Distribution Date selected by the Manager but no less frequently than once every three months; and, for such purpose, in the event any Due Period, as based on such Distribution Dates so selected by the Manager, would exceed three months, such Due Period will be divided into separate Due Periods of not more than three months each for purposes of delivery of such Monthly Report (without affecting the timing of distributions or the Cash Flow and Distribution Report to be included for purposes of each Distribution Date).
