Loan Tape definition
Examples of Loan Tape in a sentence
Not later than each Reporting Date, a Monthly Report, a Monthly Loan Tape and such other information as reasonably requested by the Administrative Agent or a Lender.
Each Monthly Report shall include, without limitation: (i) a Borrowing Base Certificate calculated as of the most recent Determination Date, (ii) a Loan Tape prepared as of the most recent Determination Date and (iii) a calculation of Collateral Quality Test (and each component thereof) and Minimum Equity Test demonstrating the degree of compliance therewith.
With respect to the duties described in this Section 4.13(b), in the absence of bad faith or gross negligence, the Backup Servicer, in the performance of its duties and obligations hereunder, is entitled to rely conclusively, and shall be fully protected in so relying, on the contents of each Loan Tape, including, but not limited to, the completeness and accuracy thereof, provided by the Servicer.
Nothing herein shall obligate the Collateral Administrator to review or examine the Early-Monthly Tape, Mid-Monthly Loan Tape or Quarterly Loan Tape for accuracy, correctness or validity.
Nothing herein shall obligate the Collateral Administrator to review or examine the Quarterly Loan Tape for accuracy, correctness or validity.