Common use of Reports to Members Clause in Contracts

Reports to Members. The Administrative Manager shall cause all reports and other documents received by it with respect to the Loan Participation or the Loan to be delivered to the Members within five business days of receipt thereof including, without limitation, all notices regarding the issuance of dividends and all copies of all proxy material. The Administrative Manager shall promptly give notice to the Members any development of which the Administrative Manager is aware that in its reasonable judgment will result in a material adverse effect to the Company or that would result in action requiring a consent of the Members hereunder.

Reports to Members. The Administrative Manager shall cause all material reports and other documents received by it with respect to investments by the Loan Participation or the Loan Investment Entities to be delivered to the Members within five business days of receipt thereof including, without limitation, all notices regarding the issuance of dividends and all copies of all proxy materialthereof. The Administrative Manager shall promptly give notice to the Members any development of which the Administrative Manager is aware that in its reasonable judgment will result in a material adverse effect to the Company or that would result in action requiring a the consent of the Members hereunder.