Common use of Quarterly Calculations Clause in Contracts

Quarterly Calculations. (i) Not more than three (3) Business Days prior to each Quarterly Payment Date, the Borrower shall provide to the Administrative Agent a calculation of the Debt Service Reserve Required Amount, certified by a Financial Officer of the Borrower. (ii) Not more than three (3) Business Days prior to each Quarterly Payment Date, the Borrower shall calculate the Historical Debt Service Coverage Ratio and the Prospective Debt Service Coverage Ratio, and shall provide written evidence to the Accounts Bank of such calculations certified by a Financial Officer of the Borrower. Each such calculation shall be subject to review by the Administrative Agent.

Quarterly Calculations. (i) Not more than three (3) Business Days prior to each Quarterly Payment Date, . (i) the Borrower shall provide to the Administrative Agent a calculation of the Debt Service Reserve Required Amount, certified by a Financial Officer of the Borrower.; and (ii) Not more than three (3) Business Days prior to each Quarterly Payment Date, the Borrower shall calculate the Historical Debt Service Coverage Ratio and the Prospective Debt Service Coverage Ratio, and shall provide written evidence to the Administrative Agent and the Accounts Bank of such calculations certified by a Financial Officer of the Borrower. Each such calculation pursuant to this Section 7.01(s) shall be subject to review by the Administrative Agent.

Quarterly Calculations. (i) Not more than three (3) Business Days prior to each Quarterly Payment Date, , (i) the Borrower shall provide to the Administrative Agent a calculation of the Debt Service Reserve Required Amount, certified by a Financial Officer of the Borrower.; and (ii) Not more than three (3) Business Days prior to each Quarterly Payment Date, the Borrower shall calculate the Historical Debt Service Coverage Ratio and the Prospective Debt Service Coverage Ratio, and shall provide written evidence to the Administrative Agent and the Accounts Bank of such calculations certified by a Financial Officer of the Borrower. Each such calculation pursuant to this Section 7.01(s) shall be subject to review by the Administrative Agent.