Common use of Reporting Procedures Clause in Contracts

Reporting Procedures. Agent shall provide the Borrowers and Lender with a record of all checks and any other items deposited to the Lock Box Account or processed for collection. Agent shall send a daily credit advice to the Borrowers and Manager, which credit advice shall specify the amount of each receipt deposited into each Account on such date. Agent shall send a monthly report to the Borrowers, Manager and Lender, which monthly report shall specify the credits and charges to the Accounts for the previous calendar month. Agent shall, at the request of Lender, establish Lender and its designated Servicer, and the Borrowers, as users of Agent's electronic data transfer system in accordance with Agent's standard procedures; provided that, the Borrowers' access shall be limited to information services and shall under no circumstances provide the Borrowers with transaction rights in any such account. Upon request of Lender or its designated Servicer, (i) Agent shall send to Lender or its designated Servicer, as applicable, either (x) copies of the daily credit advices and any other advices or reports furnished by Agent to the Borrowers and/or Manager hereunder or (y) information on Account balances, to the extent said balances in the Accounts have changed from the previous report, the aggregate amount of withdrawals from the Accounts and other similar information via the electronic data transfer system or facsimile transmission on a daily basis, and (ii) Agent shall advise Lender or its designated Servicer, as applicable, of the amount of available funds in the Accounts and shall deliver to Lender or its designated Servicer copies of all statements and other information concerning the Accounts, to the extent that the balances in the Accounts have changed from the previous report, as Lender or its designated Servicer shall reasonably request. In the event Agent shall resign as Agent hereunder, Agent shall provide the Borrowers with a final written accounting, including closing statements, with respect to the Accounts within thirty (30) days of resignation.

Reporting Procedures. Agent shall provide the Borrowers Borrowers, Manager and Lender with a record of all checks and any other items deposited to the Lock Box Central Account or processed for collection. Agent shall send make available a daily credit advice to the Borrowers and Manager, which credit advice shall specify the amount of each receipt deposited into each Account on such date. The Agent shall send a monthly report to the Borrowers, Manager and Lender, which monthly report shall specify the credits and charges to the Accounts for the previous calendar month. Agent shall, at the request of Lender, establish Lender and its designated Servicer, and the Borrowers, Servicer as users of Agent's ’s electronic data transfer system in accordance with Agent's ’s standard procedures; provided that, the Borrowers' access shall be limited to information services and shall under no circumstances provide the Borrowers with transaction rights in any such account. Upon request of Lender or its designated Servicer, (i) Agent shall send make available to Lender or its designated Servicer, as applicable, either (x) copies of the daily credit advices and any other advices or reports furnished by Agent to the Borrowers and/or Manager hereunder or (y) information on Account balances, to the extent said balances in the Accounts have changed from the previous report, the aggregate amount of withdrawals from the Accounts and other similar information via the electronic data transfer system or facsimile transmission on a daily basis, and (ii) Agent shall advise Lender or its designated Servicer, as applicable, of the amount of available funds in the Accounts and shall deliver to Lender or its designated Servicer Lender copies of all statements and other information concerning the Accounts, to the extent that the balances in the Accounts have changed from the previous report, as Lender or its designated Servicer shall reasonably request. In the event Agent shall resign as Agent hereunder, Agent shall provide the Borrowers and Manager with a final written accounting, including closing statements, with respect to the Accounts within thirty (30) days of resignation.

Reporting Procedures. Agent shall provide the Borrowers Borrower -------------------- and Lender with a record of all checks checks, wire transfers and any other items deposited to the Lock Box Central Account or processed for collection. Agent shall send a daily credit advice to the Borrowers and ManagerBorrower, which credit advice shall specify the amount of each receipt deposited into each Account on such date. The Agent shall send a monthly report to the Borrowers, Manager Borrower and Lender, which monthly report shall specify be in form and detail reasonably acceptable to Borrower and Lender and which shall include the credits and charges to the Accounts for the previous calendar month. In addition to the reports and information to be provided to Borrower and Lender above, Agent shall also send a monthly report to Lessee which shall include the credits and charges to the Lessee Reserve Accounts for the previous calendar month. Agent shall, at the request of Lender, establish Lender and its designated Servicer, and the Borrowers, Servicer as users of Agent's electronic data transfer system in accordance with Agent's standard procedures; provided that, the Borrowers' access shall be limited to information services and shall under no circumstances provide the Borrowers with transaction rights in any such account. Upon request of Lender or its designated Servicer, (i) Agent shall send to Lender or its designated Servicer, as applicable, either (x) copies of the daily credit advices and any other advices or reports furnished by Agent to the Borrowers and/or Manager Borrower hereunder or (y) information on Account balances, to the extent said balances in the Accounts have changed from the previous report, the aggregate amount of withdrawals from the Accounts and other similar information via the electronic data transfer system or facsimile transmission on a daily basis, and (ii) Agent shall advise Lender or its designated Servicer, as applicable, of the amount of available funds in the Accounts and shall deliver to Lender or its designated Servicer copies of all statements and other information concerning the Accounts, to the extent that the balances in the Accounts have changed from the previous report, as Lender or its designated Servicer shall reasonably request. In the event Agent shall resign or be replaced as Agent hereunder, Agent shall provide the Borrowers Borrower and Lender with a final written accounting, including closing statements, with respect to the Accounts Accounts, and shall provide Lessee with a final accounting, including closing statements, with respect to the Lessee Reserve Accounts, within thirty (30) days of resignation.