Information Package. On the twentieth (20th) day of each calendar month (or if such day is not a Business Day, the next Business Day) following the Cut-Off Date for such Settlement Period, (each a “Reporting Date” for and related to the Settlement Period ending immediately prior to such date), the Servicer shall deliver to the Collateral Agent and each Administrative Agent an e-mail attaching an Excel file and a file in .pdf or similar format signed by the Servicer containing the information described in Exhibit 3.1(a), including the information calculated by the Servicer pursuant to this Section 3.1 (each, an “Information Package”) for the related Settlement Period; provided, that each Administrative Agent may modify, in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment, the information relating to its related Receivable Pool required to be provided by the Servicer in, or the form of, the Information Package upon reasonable prior notice to the Servicer; provided, further, that during the Liquidation Period, during the continuance of an Event of Termination, an Unmatured Event of Termination, Collection Control Event or Non-Reinvestment Event, the Collateral Agent or any Administrative Agent may request, in its reasonable discretion, the Servicer to, and the Servicer agrees to, deliver any information related to the Asset Portfolios, Lease Devices, Lease Contracts or the transactions contemplated hereby that can reasonably be produced by Servicer with its then-current reporting system at such time as the Collateral Agent or such Administrative Agent shall reasonably request (including a calculation of Required Reserves for each Receivable Pool and each component thereof) on each Business Day. The parties hereto hereby agree that, prior to the receipt by the Collateral Agent and each Administrative Agent of the Lease Inclusion Pro Forma Information Package, the form of Information Package shall be that set forth on Exhibit 3.1(a) as of the Second Restatement Date and, thereafter, the form of Information Package and Exhibit 3.1(a) shall be the form of the Lease Inclusion Pro Forma Information Package.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (SPRINT Corp), Receivables Purchase Agreement (SPRINT Corp)
Information Package. On the twentieth (20th) day of each calendar month (or if such day is not a Business Day, the next Business Day) following the Cut-Off Date for such Settlement Period, (each a “Reporting Date” for and related to the Settlement Period ending immediately prior to such date), the Servicer shall deliver to the Collateral Agent, the Administrative Agent and each Administrative Purchaser Agent an e-mail attaching an Excel file and a file in .pdf or similar format signed by the Servicer containing the information described in Exhibit 3.1(a), including the information calculated by the Servicer pursuant to this Section 3.1 (each, an “Information Package”) for the related Settlement Period; provided, that each the Administrative Agent may modify, in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment, the information relating to its related Receivable Pool required to be provided by the Servicer in, or the form of, the Information Package upon reasonable prior notice to the Servicer; provided, that the Administrative Agent obtains the consent of the Required Purchasers to any such modification (which consent shall not be unreasonably withheld or delayed) to the extent that any such modification (i) is not ministerial in nature, (ii) reduces the scope of the information to be set forth in the Information Package, or (iii) is not purely intended to clarify ambiguities or to correct inconsistencies in the Information Package; provided, further, that during the Liquidation Period, during the continuance of an Event of Termination, an Unmatured Event of Termination, Collection Control Event Event, or Non-Reinvestment Event, the Collateral Agent or any Administrative Agent may (or at the request of the Required Purchasers shall) request, in its reasonable discretion, the Servicer to, and the Servicer agrees to, deliver any information related to the Asset Portfolios, Lease Devices, Lease Contracts Contracts, or the transactions contemplated hereby that can reasonably be produced by Servicer with its then-current reporting system at such time as the Collateral Administrative Agent or such Administrative Agent the Required Purchasers shall reasonably request (including a calculation of Required Reserves for each Receivable Pool and each component thereof) on each Business Day. The parties hereto hereby agree that, prior to the receipt by the Collateral Agent and each Administrative Agent of the Lease Inclusion Pro Forma Information Package, that the form of Information Package shall be that as set forth on Exhibit 3.1(a) as of the Second Third Restatement Date and, thereafter, the form of Information Package and Exhibit 3.1(a) shall be the form of the Lease Inclusion Pro Forma Information PackageEffective Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (SPRINT Corp), Receivables Purchase Agreement (SPRINT Corp)
Information Package. On the twentieth (20th) day of each calendar month (or if such day is not a Business Day, the next Business Day) following the Cut-Off Date for such Settlement Period, (each a “Reporting Date” for and related to the Settlement Period ending immediately prior to such date), the Servicer shall deliver to the Collateral Agent and each Administrative Agent an e-mail attaching an Excel file and a file in .pdf or similar format signed by the Servicer containing the information described in Exhibit 3.1(a), including the information calculated by the Servicer pursuant to this Section 3.1 (each, an “Information Package”) for the related Settlement Period; provided, that each Administrative Agent may modify, in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment, the information relating to its related Receivable Pool required to be provided by the Servicer in, or the form of, the Information Package upon reasonable prior notice to the Servicer; provided, further, that during the Liquidation Period, during the continuance of an Event of Termination, an Unmatured Event of Termination, Collection Control Event or Non-Reinvestment Event, the Collateral Agent or any Administrative Agent may request, in its reasonable discretion, the Servicer to, and the Servicer agrees to, deliver any information related to the Asset Portfolios, Lease Devices, Lease Contracts Portfolios or the transactions contemplated hereby that can reasonably be produced by Servicer with its then-current reporting system at such time as the Collateral Agent or such Administrative Agent shall reasonably request (including a calculation of Required Reserves for each Receivable Pool and each component thereof) on each Business Day. The parties hereto hereby agree that, prior to the receipt by the Collateral Agent and each Administrative Agent of the Lease Inclusion Pro Forma Information Package, the form of Information Package shall be that set forth on Exhibit 3.1(a) as of the Second Restatement Date and, thereafter, the form of Information Package and Exhibit 3.1(a) shall be the form of the Lease Inclusion Pro Forma Information Package.
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Information Package. On the twentieth second (20th2nd) day Business Day prior to the Settlement Date or, on the fourth (4th) Business Day of each calendar month week following a downgrade of the Performance Guarantor (or New Mylan, if such day is not Performance Guarantor shall cease to have a Business Day, the next Business Dayrating by S&P or Moody’s and New Mylan shall have a rating by S&P or Moody’s) to a rating below BB- (or it equivalent) or a withdrawal of its rating by each of S&P and Moody’s following the Cut-Off Date for such Settlement Period, or for the preceding calendar week, as applicable (each a “Reporting Date” for and related to the Settlement Period or calendar week, as applicable, ending immediately prior to such date), the a Primary Officer of Servicer shall deliver to the Collateral Agent and Agent shall promptly deliver to each Administrative Purchaser Agent an e-mail attaching an Excel file and a file in .pdf or similar format signed by the Servicer containing the information described in Exhibit 3.1(a), including the information calculated by the Servicer pursuant to this Section 3.1 (each, an “Information Package”) for the related Settlement Period; provided, that each Administrative Agent may modifywith the consent of the Required Purchaser Agents may, or upon their reasonable request, shall request Servicer to modify in good faith and in the exercise of a commercially reasonable (from the perspective of a secured asset-based lender) business judgment, manner the information relating to its related Receivable Pool required to be provided by the Servicer in, or the form of, the Information Package upon reasonable prior notice to the Servicer; provided, further, that any such modification must be commercially reasonably; provided, further, that during the Liquidation Period, during Period or after the continuance occurrence of an any Event of TerminationDefault that has not been waived in accordance with the terms of this Agreement, an Unmatured Event Agent with the consent of Terminationthe Required Purchaser Agents may, Collection Control Event or Non-Reinvestment Eventat their direction, the Collateral Agent or any Administrative Agent may shall request, in its reasonable discretion, the Servicer to, and the Servicer agrees to, deliver information similar to the Information Package and any other information related to the Asset PortfoliosInterest, Lease Devices, Lease Contracts the Receivables or the transactions contemplated hereby that can reasonably be produced by Servicer with its then-current reporting system at such time as the Collateral Agent or such Administrative any Purchaser Agent shall reasonably request (including a calculation of Required Reserves for each Receivable Pool and each component thereof) on each Business Day. The parties hereto hereby agree that, prior to the receipt by the Collateral Agent and each Administrative Agent of the Lease Inclusion Pro Forma Information Package, the form of Information Package shall be that set forth on Exhibit 3.1(a) as of the Second Restatement Date and, thereafter, the form of Information Package and Exhibit 3.1(a) shall be the form of the Lease Inclusion Pro Forma Information Package.
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