Common use of Noteholder Statement AUP Clause in Contracts

Noteholder Statement AUP. On or prior to the Payment Date occurring in February 2022 and in July of each subsequent year, the Administrator shall cause a firm of independent certified public accountants or independent consultants (reasonably acceptable to both the Program Agent and the Administrator, which may be the Administrator’s accountants) to deliver to the Program Agent and each Funding Agent, a report in a form reasonably acceptable to HVF III and the Program Agent (a “Noteholder Statement AUP”); provided that, such Noteholder Statement AUPs shall be at HVF III’s sole cost and expense (i) for no more than one such Noteholder Statement AUP per annum prior to the occurrence of an Amortization Event or Potential Amortization Event, in each case with respect to the Series 2021-A Notes and (ii) for each such Noteholder Statement AUP after the occurrence and during the continuance of an Amortization Event or Potential Amortization Event, in each case with respect to the Series 2021-A Notes.

Noteholder Statement AUP. On or prior to the Payment Date occurring in February 2022 and in July of each subsequent year, the HVIF Administrator shall cause a firm of independent certified public accountants or independent consultants (reasonably acceptable to both the Program Agent Controlling Party and the HVIF Administrator, which may be the HVIF Administrator’s accountants) to deliver to the Program Agent and each Funding Administrative Agent, a report in a form reasonably acceptable to HVF III HVIF and the Program Administrative Agent (a “Noteholder Statement AUP”); provided that, such Noteholder Statement AUPs shall be at HVF IIIHVIF’s sole cost and expense (i) for no more than one such Noteholder Statement AUP per annum prior to the occurrence of an Amortization Event or Potential Amortization Event, in each case with respect to the Series 20212020-A 1 Notes and (ii) for each such Noteholder Statement AUP after the occurrence and during the continuance of an Amortization Event or Potential Amortization Event, in each case with respect to the Series 20212020-A 1 Notes.