Common use of Properties Schedule Clause in Contracts

Properties Schedule. Borrower shall furnish to Lender within sixty (60) days after the end of each of the first three calendar quarters of each year and within ninety (90) days after the end of each calendar year, commencing with the calendar quarter commencing on January 1, 2024, (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I (other than those under the caption “BPO Values” and including an entry for the next HOA Fee due date), and (ii) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete other than to a de minimis extent (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar quarter and (ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. Borrower shall furnish to Lender within sixty (60) days after the end of each of the first three calendar quarters of each year and within ninety (90) days after the end of each calendar year, commencing with the calendar quarter commencing on January April 1, 2024, (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I (other than those under the caption “BPO Values” and including an entry for the next HOA Fee due date), and (ii) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete other than to a de minimis extent (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar quarter and (ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.