Frequency of Computation Sample Clauses
The 'Frequency of Computation' clause defines how often certain calculations or assessments must be performed under the agreement. For example, it may specify that interest, fees, or performance metrics are to be calculated daily, monthly, or at another regular interval. This clause ensures that all parties have a clear understanding of when computations will occur, promoting consistency and reducing the risk of disputes over timing or amounts.
Frequency of Computation. The Asset Interest shall be computed as of the Cut-Off Date for each Settlement Period. In addition, the Administrator may require Servicer to provide a Servicer Report for purposes of computing the Asset Interest as of any other date, and the Servicer agrees to do so within two Business Days of its receipt of the Administrator's request.
Frequency of Computation. The Asset Interest shall be computed (i) as provided in Section 3.1, as of the Cut-Off Date for each Collection Period, and (ii) on the Settlement Date following each Reporting Date, after giving effect to the payments made pursuant to Section 3.1. In addition, at any time, the Administrative Agent, at the request of any Purchaser Agent, may require the Master Servicer to provide an interim report (an “Interim Information Package”), based on the information then available to the Master Servicer, for purposes of computing the Asset Interest, any Purchaser Group Invested Amount or the Invested Amount as of any other date, and the Master Servicer agrees to do so within five (5) (or three (3), if a Liquidation Event, Unmatured Liquidation Event or a Credit Event has occurred and is continuing) Business Days of its receipt of the Administrative Agent’s request (such date, the “Interim Reporting Date”).
Frequency of Computation. The Asset Interest shall be computed (i) as provided in Section 3.1, as of the Cut-Off Date for each Settlement Period, and (ii) on the Settlement Date following each Reporting Date, after giving effect to the payments made pursuant to Section 3.1. In addition, at any time, the Agent, on the Purchaser's behalf, may require the Master Servicer to provide a Settlement Report, based on the information then available to the Master Servicer, for purposes of computing the Asset Interest or the Purchase Limit as of any other date, and the Master Servicer agrees to do so within five (5) (or three (3), if a Liquidation Event has occurred and is continuing) Business Days of its receipt of the Agent's request.
Frequency of Computation. The Asset Interest shall be computed as of the close of business on each Business Day (after giving effect to Section 1.03) and shall be reported as of the end of the Due Period in the Information Package delivered on each Report Date.
Frequency of Computation. The Asset Interest shall be computed (i) as provided in Section 3.1, as of the Cut-Off Date for each Collection Period, and (ii) on the Settlement Date following each Reporting Date, after giving effect to the payments made pursuant to Section 3.1. In addition, at any time, any Purchaser Agent, on behalf of the related Purchaser, may require the Master Servicer to provide an interim report (an “Interim Information Package”), based on the information then available to the Master Servicer, for purposes of computing the Asset Interest, any Purchaser Group Limit or the Purchase Limit as of any other date, and the Master Servicer agrees to do so within five (5) (or three (3), if a Liquidation Event or a Credit Event has occurred and is continuing) Business Days of its receipt of such Purchaser Agent’s request (such date, the “Interim Reporting Date”).
Frequency of Computation. The Asset Interest shall be computed (i) as provided in Section 3.1, as of the Initial Cut-Off Date and as of the Cut-Off Date for each Collection Period, and (ii) on the Settlement Date following each Reporting Date, after giving effect to the payments made pursuant to Section 3.1. In addition, at any time, the Administrative Agent, on the Purchaser's behalf, may require the Master Servicer to provide an Information Package, based on the information then available to the Master Servicer, for purposes of computing the Asset Interest or the Purchase Limit as of any other date, and the Master Servicer agrees to do so within five (5) (or three (3), if a Liquidation Event or a Credit Event has occurred and is continuing) Business Days of its receipt of the Administrative Agent's request.
Frequency of Computation. The Asset Interest shall be computed (i) as provided in SECTION 3.1, as of the Cut-Off Date for each Collection Period, and (ii) on the Settlement Date following each Reporting Date, after giving effect to the payments made pursuant to SECTION 3.1. In addition, at any time, the Administrative Agent, on the Purchaser's behalf, may require the Master Servicer to provide an Information Package, based on the information then available to the Master Servicer, for purposes of computing the Asset Interest or the Purchase Limit as of any other date, and the Master Servicer agrees to do so within five (5) (or three (3), if a Liquidation Event or a Credit Event has occurred and is continuing) Business Days of its receipt of the Administrative Agent's request.
Frequency of Computation. The Purchased Interest shall be computed (i) as provided in SECTION 3.01, as of the Cut-Off Date for each Settlement Period, and (ii) on the Settlement Date following such Reporting Date, after giving effect to the payments made pursuant to SECTION 3.01. In addition, at any time during the Liquidation Period or when a Liquidation Event or Unmatured Liquidation Event shall have occurred and be continuing, the Administrator may require Master Servicer to provide an Information Package, based on the information then available to Master Servicer, for purposes of computing the Purchased Interest or the Purchase Limit as of any other date, and Master Servicer agrees to do so within one Business Day of its receipt of the Administrator's request.
Frequency of Computation. On any Business Day following the delivery of a Weekly Information Package, as of the Saturday preceding delivery of such Weekly Information Package, the Servicer shall compute, as of the related Cut-Off Date and based upon the assumptions in the next sentence, (A) the Asset Interest, (B) the amount of the reduction or increase (if any) in the Asset Interest since the next preceding Cut-Off Date, (C) the excess (if any) of the Asset Interest over the Allocation Limit, and (D) the excess (if any) of the Purchaser's Total Investment over the Purchase Limit. Such calculation shall be based upon the assumptions that (x) the information in the Weekly Information Package is correct, and (y) Collections set aside pursuant to Section 1.03(b) will be paid to the Administrator on the next following Weekly Settlement Date. In addition, without limiting Servicer's obligations under Section 8.02(h)(i), at any time during the Liquidation Period or when a Liquidation Event or Unmatured Liquidation Event shall have occurred and be continuing, the Servicer shall provide a Daily Information Package, based on the information then available to Servicer, for purposes of computing the Asset Interest as of each day.
Frequency of Computation. The Percentage with respect to each ------------------------ Purchaser's Interest and the Seller Amount shall be computed on and as of the date of each Purchase and, as provided in Section 3.03, on each ------------ Settlement Date. In addition, the Administrator or Subordinated Purchaser may require the Servicer to provide an Information Package for purposes of computing each Percentage and the Seller Amount as of any other date, and the Servicer agrees to do so within three Business Days of its receipt of any such request.