Collateral Updates Sample Clauses
The Collateral Updates clause establishes the requirement for parties to periodically review and adjust the collateral posted under an agreement. This may involve recalculating the value of assets held as collateral, requesting additional collateral if market values fluctuate, or substituting different assets to maintain agreed coverage levels. Its core practical function is to ensure that the collateral remains sufficient and up-to-date, thereby managing credit risk and protecting both parties from potential losses due to changes in asset values or exposure.
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Collateral Updates. As part of the Compliance Certificate delivered pursuant to clause (d) above, a certification by a Responsible Officer of the Borrower Representative that (i) the corporate chart attached thereto (or the last corporate chart delivered pursuant to this clause (e)) is correct and complete as of the date of such Compliance Certificate, (ii) the Loan Parties have delivered all documents (including updated schedules as to locations of Collateral and acquisition of intellectual property or real property) they are required to deliver pursuant to any Loan Document on or prior to the date of delivery of such Compliance Certificate and (iii) complete and correct copies of all documents modifying any term of any Constituent Document of any Group Member (other than Immaterial Subsidiaries) or any Subsidiary or joint venture thereof on or prior to the date of delivery of such Compliance Certificate have been delivered to the Administrative Agent or are attached to such certificate. The Borrower Representative will notify the Administrative Agent in writing of any change in name of any Borrower or change in chief executive office or place of business of any Borrower, in each case at least 30 days prior to such change.
Collateral Updates. Concurrently with any delivery of financial statements under Section 5.5.1, provide to Administrative Agent a certificate of a Responsible Officer updating, as relevant, all information required pursuant to the Collateral Documents regarding perfection of Collateral or confirming that there has been no change in such information since the last prior date on which such information was provided.
Collateral Updates. With respect to the Southcenter Mall Mortgage Loan (4.5%), the fifth largest tenant, H&M, representing approximately 3.1% of the net rentable area of the Mortgaged Property, has extended its lease through January 2029. In addition, such lease was modified to include 4 additional 3-year extension options through January 2041.
Collateral Updates. At the reasonable request of the Administrative Agent from time to time (including on a weekly basis, if requested, but not more frequently than weekly), promptly deliver to and shall reasonably cooperate with the Agent’s Advisors and their designees to obtain the following (and shall cause any liquidation agent of the Loan Parties to deliver and cooperate, as applicable), in each case, in form reasonably satisfactory to the Administrative Agent:
(a) Collateral valuation updates from the Specified Liquidation Agent, including, without limitation, in connection with the Specified Store Closing Sale, it being understood that the Specified Liquidation Agent shall grant access to records, and reasonably cooperate in all respects with, the Administrative Agent and the Agent’s Advisors, and shall provide all information that such parties may reasonably request in a timely manner in connection with monitoring and valuing the Collateral; and
(b) To the extent reasonably available, copies of any informational packages provided to potential bidders, draft agency agreements, purchase agreements, status reports, and updated information related to the Specified Store Closing Sale or any other Transaction and copies of any such bids and any updates, modifications or supplements to such information and materials.
Collateral Updates. As part of the Compliance Certificate delivered pursuant to clause (d) above, a certification by a Responsible Officer of the Borrower Representative that (i) the corporate chart attached thereto (or the last corporate chart delivered pursuant to this clause (e)) is correct and complete as of the date of such Compliance Certificate, 44 AMENDED AND RESTATED CREDIT AGREEMENT
Collateral Updates. ● With respect to the mortgage loan identified on Appendix I to the Free Writing Prospectus as “Hyatt Regency Austin”, the sentence that reads “According to the appraiser, the total market, encompassing an approximately Underwriting Agreement, dated October 3, 2012 M▇▇▇▇▇ S▇▇▇▇▇▇ Bank of America M▇▇▇▇▇▇ L▇▇▇▇ Trust 2012-C6, Commercial Mortgage Pass-Through Certificates, Series 2012-C6, Class A-1, Class A-▇, ▇▇▇▇▇ ▇-▇, Class A-4, Class A-S, Class B, Class PST and Class C M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $67,000,000 A-1 M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 A-1 M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $236,000,000 A-2 M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 A-2 M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $72,000,000 A-3 M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 A-3 M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $411,447,000 A-4 M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 A-4 M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $98,306,000 A-S M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 A-S M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $50,557,000 B M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 B M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $0 PST M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 PST M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC $43,536,000 C M▇▇▇▇▇▇ Lynch, Pierce, F▇▇▇▇▇ & S▇▇▇▇ Incorporated $0 C Class Designation Initial Aggregate Principal Amount of Class(1) Approximate Initial Pass-Through Rate Purchase Price(2)
Collateral Updates. On or before the date that is 45 days after the Fifth Amendment Effective Date, the Borrower shall have delivered to the Administrative Agent, updated intellectual property schedules, intellectual property filings, stock certificates, stock powers, and any other items required to be delivered under Section 6.14 with respect to the Loan Parties.
Collateral Updates. The Administrative Fee Rate for the Bronx Terminal Market Mortgage Loan has been changed from 0.0415% to 0.0165%, to reflect a revision in the primary servicing fee. ===================================== Investors are urged to read the final prospectus supplement relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, any underwriter or any dealer participating in the offering will arrange to send you the final prospectus supplement if you request it by calling toll-free 1-800-503-4611 or e-mailing a request to ▇▇▇▇▇▇▇▇▇▇.▇▇▇▇@▇▇.▇▇▇. The asset-backed securities referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of securities may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis. You understand that, when you are considering the purchase of these securities, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have confirmed the allocation of securities to be made to you; any "indications of interest" expressed by you, and any "soft circles" generated by us, will not create binding contractual obligations for you or us. Because the asset-backed securities are being offered on a "when, as and if issued" basis, any such contract will terminate, by its terms, without any further obligation or liability between us, if the securities themselves, or the particular class to which the contract relates, are not issued. Because the asset-backed securities are subject to modification or revision, any such contract also is conditioned upon the understanding that no material change will occur with respect to the relevant class of securities prior to the closing date. If a material change does occur with respect to such class, our contract will terminate, by its terms, without any further obligation or liability between us (the "Automatic Termination"). If an Automatic Termination occurs, we will provide you with revised offering materials reflecting the material change and give you an opportunity to purchase such class. To indicate your interest in purchasing the class, you must communicate to us your desire to do so within such timeframe as may be designated in connection with your receipt of the revised offering materials....
Collateral Updates. As part of the Compliance Certificate delivered pursuant to clause (e), each in form and substance satisfactory to the Administrative Agent, a certificate by a Responsible Officer of the Borrower that (i) the Borrower has delivered all documents (including updated schedules as to locations of Collateral and acquisition of Intellectual Property or real property) they are required to deliver pursuant to any Loan Document on or prior to the date of delivery of such Compliance Certificate and (ii) complete and correct copies of all documents modifying any term of any Constituent Document of any Group Member on or prior to the date of delivery of such Compliance Certificate have been delivered to the Administrative Agent or are attached to such certificate.
Collateral Updates. Together with each delivery of any Financial Statement pursuant to clause (a) or (b) above, a certificate of a Responsible Officer of the Company stating that such Responsible Officer has reviewed Section 7.10 (Additional Collateral and Guaranties) and the relevant provisions of the Collateral Documents and that based upon such review, such Responsible Officer believes that the Loan Parties have complied with their obligations under such Section and the Collateral Documents in all material respects (or, if applicable, setting forth any failure to comply with any such obligations)