Common use of Payment Date Accounting Clause in Contracts

Payment Date Accounting. The Borrower shall render (or cause to be rendered) an accounting (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents and the Equityholder not later than the second Business Day preceding the related Payment Date. The Payment Date Report shall be in a form reasonably acceptable to the Borrower, the Collateral Manager, the Equityholder, the Collateral Administrator and the Administrative Agent and shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide (or cause to be provided) in each Payment Date Report a statement setting forth in reasonable detail each amendment, modification or waiver under any Related Document for each Collateral Loan that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii) or 8.09(a). The first Payment Date Report shall be delivered on June 13, 2017, shall be determined with respect to the Determination Date that is June 8, 2017, and shall be used in connection with the payments to be made on the Payment Date that is June 15, 2017.

Payment Date Accounting. The Borrower shall render (or cause to be rendered) an accounting (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents and the Equityholder not later than the second Business Day preceding the related Payment Date. The Payment Date Report shall be in a form reasonably acceptable to the Borrower, the Collateral ManagerServicer, the Equityholder, the Collateral Administrator Equityholder and the Administrative Agent and shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide (or cause to be provided) in each Payment Date Report a statement setting forth in reasonable detail each amendment, modification or waiver under any Related Document for each Collateral Loan that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii) or 8.09(a). The first Payment Date Report shall be delivered on June 13April 15, 20172019, shall be determined with respect to the Determination Date that is June 8April 3, 20172019, and shall be used in connection with the payments to be made on the Payment Date that is June 15, 2017April 17 2019.

Payment Date Accounting. The Borrower shall render (or cause to be rendered) an accounting (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents and the Equityholder Collateral Manager not later than the second Business Day preceding the related Payment Date. The Payment Date Report shall be in a form reasonably acceptable to the Borrower, the Collateral Manager, the EquityholderAdministrator, the Collateral Administrator Manager and the Administrative Agent (it being understood that the form used under the Existing Credit Agreement immediately prior to the Closing Date shall be deemed to be acceptable) and shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide (or cause to be provided) in each Payment Date Report a statement setting forth in reasonable detail each amendment, modification or waiver under any Related Document for each Collateral Loan that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii) or 8.09(a8.07(a). The first Payment Date Report shall be delivered on June 13July 27, 20172015, shall be determined with respect to the Determination Date that is June 8July 15, 20172015, and shall be used in connection with the payments to be made on the Payment Date that is June 15July 28, 20172015.