Collateral Monitoring Sample Clauses

Collateral Monitoring. Permit the Lender to (a) use the Borrower's stationery and sign the name of the Borrower to request verification of Accounts Receivable or other Collateral from Account Debtors, and (b) use the information recorded on or contained in any data processing equipment and computer hardware and software to which the Borrower has access relating to Accounts Receivable, Inventory, Equipment and/or other Collateral.
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Collateral Monitoring. 5.1 eSett shall each day retrieve information from the Settlement Bank about the amount of Deposited Collateral and verify that the amount of Deposited Collateral meets or exceeds the Collateral Requirement ("Collateral Monitoring").
Collateral Monitoring. At Lender’s sole discretion, a third-party professional selected by Lender and reasonably acceptable to Borrower may be retained once per calendar year, at Borrower’s sole cost and expense, to establish and monitor the conditions of the collateral assets throughout the Term.
Collateral Monitoring. On each Repayment Date, the Borrower shall pay to Midway Management, LLC the Collateral Monitoring fee. Upon the Maturity Date, or at such earlier Redemption Payment Date as provided herein, the Collateral Monitoring Fee shall terminate.
Collateral Monitoring. Permit the Lender to (a) use the Borrower's stationery and sign the name of the Borrower to request verification of US Bank Accounts or other Collateral from Account Debtors, and (b) use the information recorded on or contained in any data processing equipment and computer hardware and software to which the Borrower has access relating to US Bank Accounts, US Bank Inventory and/or other Collateral.
Collateral Monitoring. Fee: $2,000, per month, payable in arrears (prorated for any partial month at the beginning and at termination of this Agreement). ================================================================================
Collateral Monitoring. The Borrower shall permit the Administrative Agent or any agent of the Administrative Agent to perform, with such frequency as the Administrative Agent may determine in its reasonable discretion or as the Required Lenders may require, any field examination, Collateral analysis, Collateral audit or other business analysis or audit relating to the Borrower and the Subsidiaries, provided that the first such Collateral audit shall be completed on or before September 19, 2003 and the second such Collateral audit shall be completed on or before June 19,
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Collateral Monitoring a. On an annual basis, select a random sample size of 15 credit files (15 separate Obligors including the 5 largest Loans) from the three most recent month-end loan tapes supporting the three most recent Monthly Reports. Attempt to select items not previously tested. Test that the data reported on the loan tape agrees to the following source documentation: public information (i.e. Bloomberg), information included within the credit files (i.e. contracts) and, the system of record. This data should at a minimum include: - Loan balance - Ownership % - Tranche size - Purchase price of assets if lower than par - Confirm each loan is current on interest and principal - Note any covenant breaches - Loan type [Variable Funding Asset][Deferrable Collateral Obligation][DIP Loan][Enterprise Value Loan][Asset Based Loan] - Lien priority [First Lien Loan][FILO Loan][Second Lien Loan] - Maturity date - Pricing (floating / fixed) - LIBOR / Prime floor - Current Cash Pay % - Date of Financials used for financial metrics - Last 12 months EBITDA - Debt/EBITDA - Leverage Multiple - Haircuts (if any) - Material Modifications to ensure no such events occurred - Loans with revolvers (outside of the Agreement) that are held by any Affiliate of the Borrower, Equityholder or Servicer and their status (i.e., whether in good standing) - Revaluation Events - Mxxxx’x rating or S&P rating, if any - Mxxxx’x Industry Classification and S&P Industry Classification - Settlement date (compare to trade ticket or assignment and assumption agreement; ideally the assignment would be received directly from the custodian) - Appraised Value determined by an Approved Valuation Firm, as applicable - Revenue - Domicile - Eligible Currency in which the Collateral Obligation is denominated
Collateral Monitoring a. On an annual basis, select a random sample size of 15 credit files from the three most recent month-end loan tapes supporting the three most recent Monthly Reports. Attempt to select items not previously tested. Test that the data reported on the loan tape agrees to the following source documentation: public information (i.e. Bloomberg), information included within the credit files (i.e. contracts) and, the system of record. This data should at a minimum include: • Loan balanceEligible Jurisdiction • Ownership % • Tranche sizePurchase price of assets if lower than par • Confirm each loan is current on interest and principal • Note any covenant breachesLoan type and Lien positionMaturity date • Pricing (floating / fixed) • LIBOR / Prime floor • Current Cash Pay % • Date of Financials used for financial metrics • Last 12 months EBITDA • Debt/EBITDA • Leverage Multiple • Haircuts (if any) • Revaluation Events • Xxxxx’x rating or S&P rating, if any • Industry • Settlement date
Collateral Monitoring. 21 3.4. Computation of Interest and Fees......................................................21 3.5. Maximum Charges.......................................................................21 3.6.
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