Loan Activity Report Clause Samples
The Loan Activity Report clause requires the borrower to provide regular updates on the status and performance of the loan to the lender. Typically, this involves submitting periodic reports detailing payments made, outstanding balances, and any relevant changes in the loan's terms or collateral. By mandating these reports, the clause ensures transparency and enables the lender to monitor the loan's health, thereby reducing the risk of default or mismanagement.
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Loan Activity Report. Sellers hereby acknowledge that by the 10th Business Day of each calendar month, Sellers will furnish to Administrative Agent (i) an Asset Schedule and (ii) a loan activity report comprised of the information set forth in Exhibit K attached hereto.
Loan Activity Report. On or prior to each Reporting Date, Seller will furnish to Buyer (i) an Asset Schedule and (ii) a loan activity report comprised of the information set forth in Exhibit C attached hereto.
Loan Activity Report. On or prior to each Reporting Date, the Seller will furnish to Repo Agent (i) an Asset Schedule and (ii) an asset activity report comprised of the information set forth in Exhibit D attached hereto. In addition to the foregoing information on each Reporting Date, the Seller will furnish to Repo Agent such information upon (i) the occurrence and continuation of an Event of Default and (ii) any Underlying Mortgage Loan being modified.