Payment Date Reports Clause Samples

Payment Date Reports. No later than two business days prior to each Payment Date, Lender shall provide to Holding a report stating (i) the amount of interest due for the current Interest Period pursuant to Section 5(a), separately stated for the applicable Tranche A Advances, and the Tranche B Advances, (ii) the Minimum Tranche A Payment Amount and the Minimum Tranche B Payment Amount for such Payment Date, and (iii) if such Payment Date occurs on a Termination Date, the aggregate outstanding principal amount of the Tranche A Advances, and Tranche B Advances, as applicable; provided, that the failure of Lender to make any such report shall not affect the obligations of the Borrowers to make payment when due of any amount owing hereunder or under any Note in respect of the related Advances.

Payment Date Reports. No later than two business days prior to each Payment Date, Lender shall provide to Holding a report stating (i) the amount of interest due for the current Interest Period pursuant to Section 5(a), separately stated for the applicable Tranche A Advances, the Tranche B Advances, the Tranche C Advances, if applicable, and the Tranche D Advances, (ii) the Minimum Tranche A Payment Amount and the Minimum Tranche B Payment Amount for such Payment Date, and (iii) if such Payment Date occurs on a Termination Date, the aggregate outstanding principal amount of the Tranche A Advances, Tranche B Advances, Tranche C Advances and/or Tranche D Advances, as applicable; provided, that the failure of Lender to make any such report shall not affect the obligations of the Borrowers to make payment when due of any amount owing hereunder or under any Note in respect of the related Advances.

Payment Date Reports. No later than two (2) Business Days prior to each Payment Date, the Administrative Agent shall provide to each Borrower a report stating (i) the amount of interest due for the current Interest Period pursuant to Section 2.04(a), and (ii) if such Payment Date occurs on a Termination Date, the outstanding aggregate principal amount of the Advances; provided that the failure of the Administrative Agent to make any such report shall not affect the obligations of any Borrower to make payment when due of any amount owing hereunder or under any Note in respect of the related Advances.

Payment Date Reports. Commencing with the first Payment Date following the Closing Date, not later than five Business Days preceding each Payment Date, the Servicer on behalf of the Issuer shall compile, or cause to be compiled, a report (the “Payment Date Report”) and the Servicer shall then provide or make available such Payment Date Report by electronic mail to the Trustee and the Noteholders, provided that a Payment Date Report may be provided to any such party by posting such Payment Date Report on the Trustee’s website and providing access thereto to such parties. Each Payment Date Report shall be in the form of and contain the information set forth on Exhibit B-2 hereto, determined as of the close of business on the immediately preceding Business Day.

Payment Date Reports. (a) On or prior to the fifth Business Day prior to each Payment Date, the Borrower shall prepare and deliver a report (each, a “Draft Payment Date Report”) in substantially the form of Exhibit K to the Administrative Agent (with a copy to the Collateral Agent and the Paying Agent, together with any necessary tax forms for payees to be paid on the upcoming Payment Date) setting forth the following: (1) in the case of an Interest Payment Date, (x) the amount of Collections received during the preceding Due Period and (y) the amounts proposed to be applied under the Interest Payment Date Priority of Payments on such Interest Payment Date, all determined in accordance with the terms and conditions set forth herein and in the other Loan Documents (and including, for each such payment, all related Payee Information); (2) in the case of a Quarterly Payment Date: (i) (x) the amount deposited into the Quarterly Payment Date Account with respect thereto and (y) the amounts proposed to be applied under the Quarterly Payment Date Priority of Payments on such Quarterly Payment Date, all determined in accordance with the terms and conditions set forth herein and in the other Loan Documents (and including, for each such payment, all related Payee Information); (ii) the Borrower’s calculation of the LTV Ratio for the most recently ended Test Period; (iii) the Borrower’s calculation of the Debt Service Coverage Ratio for the most recently ended Test Period; and (iv) the then-current Buyout Reserve Amount; and (3) such other information as the Administrative Agent may reasonably request in relation to the scope of information referred to in clauses (1) and (2) above, respectively. The Administrative Agent will cooperate with the Borrower in the preparation of each Draft Payment Date Report and will, among other things, provide its calculations and determinations of the amounts payable to the Lenders on such Payment Date. Each Draft Payment Date Report (including, without limitation, the calculations under clause (2)(ii), (iii) and (iv) above) shall be subject to verification and approval by the Administrative Agent. If the Administrative Agent believes that any additional information is reasonably needed to verify such information or calculations, then the Borrower shall promptly provide such information to the Administrative Agent. If the Administrative Agent believes that any information or calculation in any Draft Payment Date Report is incorrect in any material respect,...

Payment Date Reports. No later than two (2) Business Days prior to each Payment Date, the Administrative Agent shall provide to the Borrower Representative a report stating (i) the amount of interest due for the current Interest Period pursuant to Section 2.04(a), separately stated for the applicable Tranche A Advances, the Tranche B Advances, if applicable, and the Tranche C Advances, if applicable, and (ii) if such Payment Date occurs on a Termination Date, the aggregate outstanding aggregate principal amount of the Tranche A Advances, Tranche B Advances and Tranche C Advances, as applicable; provided, that the failure of the Administrative Agent to make any such report shall not affect the obligations of the Borrowers to make payment when due of any amount owing hereunder or under any Note in respect of the related Advances.