Examples of Monthly Loan Report in a sentence
During the Lending Period and after Lender has made Program Loans totaling $200,000 principal amount in the aggregate, within five (5) business days of receipt of the Monthly Loan Report, Michigan Saves will increase the Lender's Reserve Fund Balance by an amount equal to five percent (5.0%) of the principal amount of all new Program Loans made during that month and listed in the Monthly Loan Report (for those Program Loans in addition to the first $200,000 aggregate principal amount).
Whenever a Program Loan is repaid in full at maturity or upon early repayment in full, the Lender shall notify Michigan SAVES in writing in the Monthly Loan Report.
The Lender's Reserve Fund Balance shall be reduced by fifty percent (50.0%) of the Aggregate Amortization Amount for the prior month as reported in the Monthly Loan Report.
Michigan Saves will use personally identifiable financial information provided in each Monthly Loan Report and other information provided by Lender for program management and evaluation purposes only, and will require all staff, affiliates, agents, and designees to treat the information as confidential unless otherwise required by law.
Whenever a Program Loan is repaid in full at maturity or upon early repayment in full, the Lender shall notify Michigan Saves in writing in the Monthly Loan Report.
Within ten business days after the end of each month, Lender shall provide to Michigan SAVES an itemized report on a form provided by Michigan SAVES (the "Monthly Loan Report").
Michigan Saves shall have the right to review and confirm the existence of and documentation for any Program Loan included in a Monthly Loan Report.
Michigan Saves will use information provided in each Monthly Loan Report and other information provided by Lender for program management and evaluation purposes only, and will require all staff, affiliates, agents, and designees to treat the information as confidential unless otherwise required by law.
Michigan SAVES shall have the right to review and confirm the existence of and documentation for any Program Loan included in a Monthly Loan Report.
The Trustee shall direct any Noteholder who requests a copy of either the Distribution Date Information Form or the Monthly Loan Report to (i) the electronic form of such Distribution Date Information Form or the Monthly Loan Report posted on the Corporation’s website or (ii) to such other location from which copies of the Distribution Date Information Form or the Monthly Loan Report may be obtained.