Quarterly Noteholders’ Report. On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Master Issuer shall furnish, or cause the Manager to furnish, a Quarterly Noteholders’ Report with respect to each Series of Notes Outstanding to the Trustee, each Rating Agency with respect to such Series, the Servicer and each Paying Agent, with a copy to the Back-Up Manager.
Quarterly Noteholders’ Report. On or before the third Business Day prior to each Quarterly Payment Date, the Co-Issuers shall furnish, or cause the Manager to furnish, a Quarterly Noteholders’ Report with respect to each Series of Notes to the Trustee, the Rating Agencies with respect to such Series, the Servicer and each Paying Agent, with a copy to the Back-Up Manager.
Quarterly Noteholders’ Report. On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Master Issuer shall furnish, or cause the Manager to furnish, a Quarterly Noteholders’ Report with respect to each Series of Notes Outstanding to the Trustee, each Rating Agency with respect to such Series, the Control Party and each Paying Agent, with a copy to the Back-Up Manager.
Quarterly Noteholders’ Report. On or before the second (2nd) Business Day prior to each Quarterly Payment Date, the Issuers or the Manager shall provide a certificate substantially in the form of Exhibit B (each, a “Quarterly Noteholders’ Report”), to the Trustee, the Rating Agencies, the LC Administrative Agent and each Paying Agent, with a copy to the Back-Up Manager, which Quarterly Noteholders’ Report will contain: (i) confirmation that all of the Licenses, the Third-Party Lease Agreements and the Third-Party Leased Licenses, remain in full force and effect, or a description of any exception thereto, (ii) a description of any material dispute that has arisen with respect to any of the Directly-Held Licenses, the Third-Party Lease Agreements and, to the Actual Knowledge of the Manager, the Third-Party Leased Licenses, (iii) a description of any material service or interference issues relating to any of the Directly-Held Licenses, the Third-Party Lease Agreements or, to the Actual Knowledge of the Manager, the Third-Party Leased Licenses, (iv) a description of any material FCC filings or applications made in connection with any of the Directly-Held Licenses, the Third-Party Lease Agreements or, to the Actual Knowledge of the Manager, the Third-Party Leased Licenses (v) a description of the status of any pending or concluded renewal of any of the Licenses or the Third-Party Lease Agreements, (vi) a description of any material changes to any of the Directly-Held Licenses, the Third-Party Lease Agreements and, to the Actual Knowledge of the Manager, the Third-Party Leased Licenses, and any material negotiation or dispute with any lease counterparty with respect to the Third-Party Lease Agreements (a “Third-Party Lease Counterparty”) and (vii) such other information set forth on Exhibit B.
Quarterly Noteholders’ Report. On or before the second Business Day prior to each Quarterly Payment Date, the Master Issuer shall furnish, or cause the Manager to furnish, a Quarterly Noteholder’s Report with respect to each Series of Notes Outstanding to the Trustee, the Rating Agencies with respect to such Series, the Servicer and each Paying Agent, with a copy to the Back-Up Manager.
Quarterly Noteholders’ Report. On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Issuer shall furnish, or cause the Manager to furnish, a statement substantially in the form of Exhibit B with respect to each Series of Notes (each, a “Quarterly Noteholders’ Report”), including the Manager’s statement specified in such exhibit, to the Trustee, each Rating Agency, the Servicer and each Paying Agent, with a copy to the Back-Up Manager. Following an increase or decrease (in each case pursuant to the terms of the related Transaction Document) to the thresholds set forth in (i) any Rapid Amortization Event in Section 10.1(a), (d) or (e), (ii) the Manager Termination Event set forth in Section 6.1(a)(i) of the Management Agreement, (iii) the definition of “Cash Trapping DSCR Threshold” or (iv) the definition of “Cash Trapping Percentage,” the Quarterly Noteholders Report with respect to the period in which such increase or decrease occurs shall set forth the changes to such thresholds.
Quarterly Noteholders’ Report. On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Master Issuer shall furnish, or cause the Manager to furnish, a Quarterly Noteholders’ Report with respect to each Series of Notes Outstanding to the Trustee, the Rating Agency with respect to such Series, the Servicer and each Paying Agent, with a copy to the Back-Up Manager. Following a change (in each case pursuant to the terms of the related Related Document) to the thresholds set forth in (i) any Rapid Amortization Event in Section 9.1(a), (d) or (e), (ii) the Manager Termination Event set forth in Section 6.1(a)(ii) of the Management Agreement, (iii) the definition of “Cash Trapping DSCR Threshold” or (iv) the definition of “Cash Trapping Percentage,” the Quarterly Noteholders Report with respect to the period in which such change occurs shall set forth the changes to such thresholds.
