Collateral Monitoring Sample Clauses

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"). 5.2 Failure by the BRP to meet the Collateral Requirement by the Collateral Deadline is considered a material breach of the Imbalance Settlement Agreement.

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. 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.

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 Borrowers' stationery and sign the name of such 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 any Borrower has access relating to Accounts Receivable, Inventory, Equipment and/or other Collateral.

Collateral Monitoring. Upon reasonable prior notice and during normal business hours, at any time upon the reasonable request of the Administrative Agent, the Syndication Agent or the Required Lenders through the Administrative Agent, permit the Administrative Agent, the Syndication Agent or professionals (including without limitation, internal and third party consultants, accountants and appraisers) retained by the Administrative Agent or the Syndication Agent or their respective professionals to conduct evaluations and appraisals of (i) the Borrower's practices in the computation of the Borrowing Base and (ii) the assets included in the Borrowing Base, and pay the reasonable fees and expenses in connection therewith (including without limitation, the reasonable and customary fees and expenses associated with the Administrative Agent's collateral monitoring group); provided, however, that representatives of the Administrative Agent or the Syndication Agent shall only have a right to conduct such evaluations or appraisals (a) if a Default or an Event of Default has occurred and is continuing or (b) once every quarter during the term of this Agreement (it being understood that only the Administrative Agent shall have the right to conduct such quarterly evaluations or appraisals, provided, however, that if the Administrative Agent shall not elect to conduct such evaluation or appraisal in any particular quarter, the Syndication Agent shall be permitted to conduct such evaluation or appraisal for such quarter; provided, further, that if either Agent conducts such evaluations or appraisals pursuant to this Section 5.19, the other Agent shall be permitted to participate in such evaluations or appraisals and all such evaluations and appraisals shall promptly be distributed to the Lenders) or more frequently if there is a reasonable basis to believe that there are discrepancies in the Borrowing Base as computed by the Borrower. In connection with any collateral monitoring, review or appraisal relating to the computation of the Borrowing Base, and following disclosure to the Borrower of the results thereof, the Borrower shall make such adjustments to the Borrowing Base as the Administrative Agent, with the consent of the Required Lenders to the extent any such adjustment would have the effect of increasing availability under the Borrowing Base, shall reasonably require based upon the terms of this Agreement and results of such collateral monitoring, review or appraisal.

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 b. For each of the 15 eligible sample items above, discuss with management and include in your report the source of management’s pricing. Review the most recent support on file for pricing and confirm it agrees with management’s explanation. c. Summarize the process by which financial information on the underlying positions (once received by the Servicer from the underlying borrower) is updated and included in the data tape and in the borrowing base calculation. Include summary as to how quickly such financial information is updated and provide the average time it takes to update such financial information for the sample items tested above. d. With respect to Collateral Obligations that have paid in full (and not sol...

Collateral Monitoring. 21 3.4. Computation of Interest and Fees......................................................21 3.5. Maximum Charges.......................................................................21 3.6.

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 balance • Eligible Jurisdiction • 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 and Lien position • 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) • Revaluation Events • Xxxxx’x rating or S&P rating, if any • Industry • Settlement date b. Review the most recent support on file for pricing. c. Document each position that has been added to the facility as of the date of your report for which the position has not yet settled.

Collateral Monitoring. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent in its reasonable discretion and which monitoring is undertaken by Agent or for Agent's benefit - a collateral monitoring fee in an amount equal to $750 per day for each person (other than Agent's management personnel) employed to perform such monitoring, plus all reasonable costs and disbursements incurred by Agent in the performance of such examination or analysis.