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 (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I (other than those under the caption “BPO Values” and including for the monthly reports delivered after September 12, 2014, an entry for the next home owner’s or condominium owner’s association fee due date); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered in March, June, September and December of each year and (ii) 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 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.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I (other than those under the caption “BPO Values” and including for the monthly reports delivered after September 12October 1, 2014, an entry for the next home owner’s or condominium owner’s association fee due date); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered in March, June, September and December of each year and (ii) 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 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.

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 July 31, 2014, (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I II (other than those under the caption “BPO Values” and including for the monthly reports delivered after September 12, 2014, an entry for the next home owner’s or condominium owner’s association fee due date”); provided provided, that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered in March, June, September and December of each year year, commencing with the Properties Schedule delivered in December 2014 and (ii) 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 prior calendar quarter ended on for which the Properties Schedule was last day of updated in accordance with the preceding calendar month foregoing, and (iii) with respect to the turnover rate of the Properties, for the prior calendar month.

Properties Schedule. Borrower shall deliver to Lender no later than the tenth (10th) Business Day of each calendar month (i) an updated Properties Schedule containing each of the data fields set forth on Schedule I (other than those under the caption “BPO Values” and including for the monthly reports delivered after September 12June 13, 2014, an entry for the next home owner’s or condominium owner’s association fee due date); provided that the information under the caption “Underwritten Net Cash Flow” need only be updated in the Properties Schedule that is delivered in March, June, September and December of each year and (ii) 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 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.