Common use of Properties Schedule Clause in Contracts

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month (a) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. (a) Borrower shall deliver to Lender no later than sixty (60) days after the tenth end of the first three calendar quarters and within ninety (10th90) Business Day days of the fourth calendar quarter of each calendar month year (a) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (b) a calculation of the monthly quarterly turnover rate for the Properties for the prior calendar monthquarter, which shall be equal to the number of Properties that became vacant during such calendar month quarter divided by the daily average number of Properties during such calendar monthquarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow dataSchedule, as of the last day of the preceding calendar month, quarter and (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar monthquarter. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, year (A) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), ) and (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2) with respect to the turnover rate of the Properties, for the prior calendar quarter. (b) The Borrower shall deliver to Lender, within sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, a report (the “Quarterly HOA Report”) containing the following information with respect to each Applicable HOA Property, a data tape of such Applicable HOA Property containing the following data fields: “Property ID”, “YardiCode”, “Property Name”, “Address (Street)”, “City”, “County”, “State”, “Closest MSA”, “Zip Code”, “HOA Name”, “HOA Notice Address”, “Next HOA Payment Due Date”, “Amount Owed on Last HOA Payment Due Date”, “Amount Paid on Most Recent HOA Payment Due Date”, “Amount Owed on Next HOA Payment Due Date”, “Payment Frequency”, “Most Recent HOA Payment Due Date”, “Payment Month(s)”, “Periodic Payment Amount” and “Annual XXX Xxxx”. Delivery within the above referenced 60 or 90 day period of a data tape that satisfies the requirements of Schedule X (h) shall be deemed to satisfy the requirements of this Section 4.3.1

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month (ai) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (bii) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (Ai) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), (Bii) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by the Borrower to the Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (Ciii) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1i) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th10th ) Business Day of each calendar month (a) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month, commencing with the calendar month ended October 31, 2016, (a) an updated Properties Schedule in Excel format containing each of the data fields set forth on Schedule I.B. II.B (other than those under the caption “BPO Values”); provided provided, that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of quarter ending in March, June, September and December of each year year, commencing with the Properties Schedule delivered for the quarter ending in December 2016 and (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete in all material respects (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month most recently ended, and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three (3) calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes a report in Excel format containing the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. II.C presented separately for each MSA (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1i) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month, commencing with the calendar month ending December 31, 2014, (ai) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. II.B (other than those under the caption “BPO Values”); provided provided, that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year year, commencing with the Properties Schedule delivered in March 2015 and (bii) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete in all material respects (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month most recently ended, and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes a report in Excel® format containing the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. II.C presented separately for each MSA (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1i) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month, commencing with the calendar month ended October 31, 2015, (a) an updated Properties Schedule in Excel format containing each of the data fields set forth on Schedule I.B. II.B (other than those under the caption “BPO Values”); provided provided, that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of in March, June, September and December of each year and year, commencing with the Properties Schedule delivered in December 2015, (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete in all material respects (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month most recently ended, and (iiic) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three (3) calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes a report in Excel format containing the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. II.C presented separately for each MSA (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1i) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. (a) Borrower shall deliver to Lender no later than sixty (60) days after the tenth end of the first three calendar quarters and within ninety (10th90) Business Day days of the fourth calendar quarter of each calendar month year (a) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (b) a calculation of the monthly quarterly turnover rate for the Properties for the prior calendar monthquarter, which shall be equal to the number of Properties that became vacant during such calendar month quarter divided by the daily average number of Properties during such calendar monthquarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow dataSchedule, as of the last day of the preceding calendar month, quarter and (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar monthquarter. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, year (A) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), ) and (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2) with respect to the turnover rate of the Properties, for the prior calendar quarter. (b) The Borrower shall deliver to Lender, within sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, a report (the “Quarterly HOA Report”) containing the following information with respect to each Applicable HOA Property, a data tape of such Applicable HOA Property containing the following

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month, commencing with the calendar month ended April 30, 2015, (a) an updated Properties Schedule in Excel format containing each of the data fields set forth on Schedule I.B. II.B (other than those under the caption “BPO Values”); provided provided, that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of in March, June, September and December of each year and year, commencing with the Properties Schedule delivered in June 2015, (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete in all material respects (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month most recently ended, and (iiic) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, (A) quarterly supplements to the Properties Schedule which includes a report in Excel format containing the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. II.C presented separately for each MSA (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter and (C) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1i) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2ii) with respect to the turnover rate of the Properties, for the prior calendar quarter.

Properties Schedule. (a) Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month (a) an updated Properties Schedule containing each of the data fields set forth on Schedule I.B. (other than those under the caption “BPO Values”); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered for the months of March, June, September and December of each year and (b) a calculation of the monthly turnover rate for the Properties for the prior calendar month, which shall be equal to the number of Properties that became vacant during such calendar month divided by the daily average number of Properties during such calendar month. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (i) with respect to the information in the Properties Schedule other than Underwritten Net Cash Flow data, as of the last day of the preceding calendar month, (ii) with respect to the Underwritten Net Cash Flow data in the Properties Schedule, for the calendar quarter ended on the last day of the preceding calendar month and (iii) with respect to the turnover rate of the Properties, for the prior calendar month. In addition, the Borrower shall deliver to Lender Administrative Agent no later than sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, year (Aa) quarterly supplements to the Properties Schedule which includes the information set forth on Schedule I.C. (the “Supplemental Quarterly Properties Information”) and the information set forth on Schedule I.D. (the “Quarterly Investor Rollup Report”), (B) following a Sponsor Public Listing or a Sponsor Public Sale (notice of which shall be provided by Borrower to Lender), report containing an updated Properties Schedule containing each of the data fields set forth on Schedule I.E., updated to reflect the data as of the last day of the related calendar quarter or for the applicable calendar quarter I.B. (and any other information forth on Schedule I.B.) and (Cb) a calculation of the quarterly turnover rate for the Properties for the prior calendar quarter, which shall be equal to the number of Properties that became vacant during such calendar quarter divided by the daily average number of Properties during such calendar quarter. The foregoing information shall be delivered together with a certificate of a Responsible Officer of Borrower certifying that it is true, correct and complete (1) with respect to the information in the Properties Schedule, as of the last day of the preceding quarter and (2) with respect to the turnover rate of the Properties, for the prior calendar quarter. (b) The Borrower shall deliver to Administrative Agent, within sixty (60) days after the end of the first three calendar quarters and within ninety (90) days of the fourth calendar quarter of each year, a report (the “Quarterly HOA Report”) containing the following information with respect to each Applicable HOA Property, a data tape of such Applicable HOA Property containing the following data fields: “Property ID”, “YardiCode”, “Property Name”, “Address (Street)”, “City”, “County”, “State”, “Closest MSA”, “Zip Code”, “HOA Name”, “HOA Notice Address”, “Next HOA Payment Due Date”, “Amount Owed on Last HOA Payment Due Date”, “Amount Paid on Most Recent HOA Payment Due Date”, “Amount Owed on Next HOA Payment Due Date”, “Payment Frequency”, “Most Recent HOA Payment Due Date”, “Payment Month(s)”, “Periodic Payment Amount” and “Annual XXX Xxxx”. Delivery within the above referenced 60 or 90 day period of a data tape that satisfies the requirements set forth herein shall be deemed to satisfy the requirements of this Section 4.3.1