Common use of Collateral Loan Reporting Clause in Contracts

Collateral Loan Reporting. The Collateral Manager shall provide to the Administrative Agent or cause to be provided to the Administrative Agent the following information with respect to each Collateral Loan: (i) within two (2) Business Days following the Collateral Manager obtaining knowledge of any Collateral Loan becoming an Ineligible Collateral Loan, written notice to the Administrative Agent and the Collateral Agent that such Collateral Loan has become an Ineligible Collateral Loan and an updated pro forma Borrowing Base Certificate showing that no Borrowing Base Deficiency shall be outstanding after giving effect to any withdrawals or applications of cash on such date); (ii) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, the annual audited financial statements with respect to each Obligor and the financial reporting packages and compliance certificates delivered by such Obligor pursuant to the applicable Related Documents, which delivery shall be made within thirty (30) days after receipt by a Responsible Officer of the Borrower or the Collateral Manager (on behalf of the Borrower); (iii) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, copies of any amendment, restatement, supplement, waiver or other modification to the Related Documents of any Collateral Loan within ten (10) Business Days following the effectiveness of such amendment, restatement, supplement, waiver or other modification; (iv) copies of the underwriting and credit memos prepared by the Collateral Manager with respect to each Collateral Loan, on or prior to the date the Borrower acquires a Collateral Loan, and copies of any updates or amendments thereto within ten (10) Business Days after such updates or amendments become available; (v) within three (3) Business Days of approval by the board of directors of the Collateral Manager, a final valuation with respect to such Collateral Loan prepared by an independent third party valuation firm (including any associated quarterly valuation report); (vi) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, such other information as the Administrative Agent or the Required Lenders may reasonably request relating to the Collateral Loans or the transactions contemplated hereby; and (vii) within two (2) Business Days following the Collateral Manager obtaining knowledge of any change to the risk rating of any Collateral Loan in accordance with the Risk Rating System, notice of such change.

Collateral Loan Reporting. The Collateral Manager shall provide to the Administrative Agent or cause to be provided to the Administrative Agent the following information with respect to each Collateral Loan: (i) within the earlier of (x) two (2) Business Days following the Collateral Manager obtaining knowledge of any Collateral Loan becoming an Ineligible Collateral Loan and (y) any Borrowing Base Settlement Date occurring after the Collateral Manager obtaining knowledge of any Collateral Loan, written notice to the Administrative Agent and the Collateral Agent that such Collateral Loan has become an Ineligible Collateral Loan and (and, in respect of any Borrowing Base Settlement Date, the Borrower shall deliver to the Administrative Agent an updated pro forma Borrowing Base Certificate showing that no Borrowing Base Deficiency shall be outstanding after giving effect to any withdrawals or applications of cash on such dateBorrowing Base Settlement Date);; and (ii) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, the annual audited financial statements with respect to each Obligor and the financial reporting packages and compliance certificates delivered by such Obligor pursuant to the applicable Related Documents, which delivery shall be made within thirty ten (3010) days Business Days after receipt by a Responsible Officer of the Borrower or the Collateral Manager (on behalf of the Borrower)) as specified in the Related Documents; (iii) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, copies of any amendment, restatement, supplement, waiver or other modification to the Related Documents of any Collateral Loan within ten (10) Business Days following the effectiveness of such amendment, restatement, supplement, waiver or other modification; (iv) copies of the underwriting and credit memos prepared by the Collateral Manager with respect to each Collateral Loan, on or prior to the date the Borrower acquires a Collateral Loan, and copies of any updates or amendments thereto within ten (10) Business Days after such updates or amendments become available; (v) within three (3) Business Days of approval by the board of directors of the Collateral Manager, a final valuation with respect to such Collateral Loan prepared by an independent third party valuation firm (including any associated such quarterly valuation report); (vi) to the extent available to the Collateral Manager (on behalf of the Borrower) pursuant to the Related Documents, such other information as the Administrative Agent or the Required Lenders may reasonably request relating to the Collateral Loans or the transactions contemplated hereby; and (vii) within two (2) Business Days following the Collateral Manager obtaining knowledge of any change to the risk rating of any Collateral Loan in accordance with the Risk Rating System, notice of such change.