Common use of Additional Reporting Requirements Upon Request Clause in Contracts

Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following: (i) Upon Lender’s request, in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month. (ii) Upon Lender’s request in Lender’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender’s request in Lender’s Discretion, within 10 days after such a request from Lender, an organizational chart that identifies all of the following: (A) Persons that directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each. (B) Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower if not already identified pursuant to Section 6.07(c)(ii)(A). (C) All Non-U.S.

Appears in 1 contract

Sources: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)

Additional Reporting Requirements Upon Request. Borrower will furnish to Lender each of the following: (i) Upon Lender▇▇▇▇▇▇’s request, in Lender▇▇▇▇▇▇’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender▇▇▇▇▇▇’s request in Lender▇▇▇▇▇▇’s Discretion, a monthly Rent Schedule and a monthly statement of income and expenses for Borrower, in each case within 25 days after the end of each month. . (ii) Upon Lender▇▇▇▇▇▇’s request in Lender▇▇▇▇▇▇’s sole and absolute discretion prior to a Securitization, and thereafter upon Lender▇▇▇▇▇▇’s request in Lender▇▇▇▇▇▇’s Discretion, within 10 days after such a request from Lender▇▇▇▇▇▇, an organizational chart that identifies all of the following: (A) Persons that directly or indirectly Control Borrower and any Designated Entity for Transfers and the interest held by each. (B) Persons with a collective equity interest (whether direct or indirect) of 25% or more in Borrower if not already identified pursuant to Section 6.07(c)(ii)(A). (C) All Non-U.S.

Appears in 1 contract

Sources: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)