Receivables Reporting Clause Samples
Receivables Reporting. Starting with the first month commencing after the date hereof and continuing through (and including) the month in which the Collection Date occurs, the Servicer shall on or before the eighteenth calendar day of each month (or if such eighteenth day is not a Business Day, on the Business Day immediately preceding such eighteenth day), prepare and forward to the Agent for each Owner, an Investor Report relating to all Percentage Interests, as of the close of business of the Servicer on the last day of the immediately preceding month, which report will include (without limitation) (i) the information required to compute each element of the Coverage Ratio and (ii) the aggregate amount billed by WMECO to each Obligor in a Reported Group.
Receivables Reporting. Such Grantor shall promptly upon such Grantor’s learning thereof: (i) inform the Administrative Agent in writing of any material delay in the performance by such Grantor of any of its obligations to any Account Debtor or of any assertion of any claims, offsets or counterclaims by any Account Debtor, in either case in excess of Twenty-Five Thousand Dollars ($25,000); and (ii) furnish to and inform the Administrative Agent of all material adverse information relating to the financial condition of any Account Debtor that has Receivables outstanding that in the aggregate exceed Twenty-Five Thousand Dollars ($25,000).