Collateral Agent’s Notice Clause Samples
Collateral Agent’s Notice. At least two (2) Business Days prior to the date of any requested disbursement, transfer or withdrawal from the Project Revenue Account pursuant to Section A.7 hereof (each, a “Disbursement Date”), the Collateral Agent shall transmit to the Borrower and the Loan Servicer a notice (each, a “Disbursement Notice”) specifying:
(a) Any Agent fees, costs and expenses to be paid in accordance with Section 9.7 of this Common Agreement on the immediately succeeding Disbursement Date;
(b) The balances in each of the Project Accounts and the undrawn amount of any Reserve Letter of Credit as of the opening of business in New York on the date of such Disbursement Notice; and
(c) The amount and source of funds received in accordance with this Common Agreement and the disbursements, transfers and withdrawals of funds from each Project Account for the period of time that transpired since the date of immediately preceding Disbursement Notice (all as set forth in the records and accounts maintained by the Collateral Agent).
Collateral Agent’s Notice. On each Monthly Notice Date, the Collateral Agent shall transmit to the Borrower and the Loan Servicer a notice specifying:
6.2.1 Any agent fees, costs and expenses to be paid in accordance with Sections 11.5 and 14.1 on the immediately succeeding Monthly Transfer/Withdrawal Date;
6.2.2 The balances in each of the Project Accounts and the undrawn amount of any Reserve Letter of Credit as of the opening of business in New York on such Monthly Notice Date; and
6.2.3 The amount and source of funds received in accordance with this Agreement and the disbursements, transfers and withdrawals of funds from each Project Account for the period of time that transpired since the immediately preceding Monthly Notice Date (all as set forth in the records and accounts maintained by the Collateral Agent).