Common use of Measurement Dates Clause in Contracts

Measurement Dates. On each Measurement Date, the Borrower shall cause the Servicer to review the status of each Eligible Collateral Asset as of such calculation date and to provide notice of any change in the status of any Eligible Collateral Asset to the Collateral Custodian and, as a consequence thereof, (A) Collateral Assets that were previously Eligible Collateral Assets on a prior Measurement Date may be excluded from the Borrowing Base on such Measurement Date and (B) Collateral Assets that were previously excluded from the Borrowing Base on a prior Measurement Date may, upon becoming Eligible Collateral Assets again (including receipt of a related Approval Notice), be included in the Borrowing Base on such Measurement Date.

Measurement Dates. On each Measurement Date, the Borrower shall cause the Servicer to review the status of each Eligible Collateral Asset as of such calculation date and to provide notice of any change in the status of any Eligible Collateral Asset to the Collateral Custodian Administrator and, as a consequence thereof, (A) Collateral Assets that were previously Eligible Collateral Assets on a prior Measurement Date may be excluded from the Borrowing Base on such Measurement Date and (B) Collateral Assets that were previously excluded from the Borrowing Base on a prior Measurement Date may, upon becoming Eligible Collateral Assets again (including receipt of a related Approval Notice), be included in the Borrowing Base on such Measurement Date.

Measurement Dates. On each Measurement Date, the Borrower shall cause the Servicer to review re-determine the status and “Asset Type”, for the purpose of determining the Advance Rate, of each Eligible Collateral Asset as of such calculation date and to provide notice of any change in the status of any Eligible Collateral Asset to the Collateral Custodian Administrator and, as a consequence thereof, (A) Collateral Assets that were previously Eligible Collateral Assets on a prior Measurement Date may be excluded from the Borrowing Base on such Measurement Date and (B) Collateral Assets that were previously excluded from the Borrowing Base on a prior Measurement Date may, upon becoming Eligible Collateral Assets again (including receipt of a related Approval Notice), be included in the Borrowing Base on such Measurement Date.

Measurement Dates. On each Measurement Date, the Borrower shall cause the Servicer to review re‑determine the status and “Asset Type”, for the purpose of determining the Advance Rate, of each Eligible Collateral Asset as of such calculation date and to provide notice of any change in the status of any Eligible Collateral Asset to the Collateral Custodian Administrator and, as a consequence thereof, (A) Collateral Assets that were previously Eligible Collateral Assets on a prior Measurement Date may be excluded from the Borrowing Base on such Measurement Date and (B) Collateral Assets that were previously excluded from the Borrowing Base on a prior Measurement Date may, upon becoming Eligible Collateral Assets again (including receipt of a related Approval Notice), be included in the Borrowing Base on such Measurement Date.