Common use of Settlement Reports Clause in Contracts

Settlement Reports. By not later than 3:00 p.m., Las Vegas, Nevada ------------------ time, on the second Business Day preceding each Settlement Date, a Settlement Report, appropriately filled-out, containing current information with respect to the then most recently concluded Calculation Period, in each case dated as of the next preceding Determination Date. Any transmission of such report to the Deal Agent shall be deemed to be a representation and warranty by the Servicer to the Deal Agent that the information contained therein is true and correct in all material respects.

Settlement Reports. By not later than 3:00 p.m., PM (Las Vegas, Nevada time), ------------------ time, on the second Business Day preceding each Settlement Date, a Settlement Report, appropriately filled-out, containing current information with respect to the then most recently concluded Calculation Period, in each case dated as of the next preceding Determination Date. Any transmission of such report to the Deal Agent and each Managing Agent shall be deemed to be a representation and warranty by the Servicer to the Deal Agent and each Managing Agent that the information contained therein is true and correct in all material respects.