Reset Date Notices. The Company shall cause the Administrator to deliver a Reset Date Notice to the Company, the Senior Lender, the Equity Investor, the Collateral Agent, the Controlling Party and the Investment Manager initially on the Closing Date and thereafter on the second Business Day before each subsequent Reset Date setting forth (i) the amount of interest accrued on each Senior Loan and to be capitalized on such Reset Date, (ii) the amount of preferred distributions accrued on the Equity Interest and to be added to the unpaid balance of the Equity Contribution Amount, (iii) LIBOR for the Calculation Period commencing on such Reset Date and (iv) the interest rate and the preferred distribution rate for such Calculation Period.
