Asset-Level Information Clause Samples
The Asset-Level Information clause requires the disclosure of detailed data about individual assets involved in a transaction or agreement. This typically includes specifics such as asset identification, performance metrics, and relevant historical information, which may pertain to loans, properties, or other financial instruments. By mandating comprehensive asset-level reporting, the clause ensures transparency and enables parties to accurately assess the value and risk associated with each asset, thereby supporting informed decision-making and reducing information asymmetry.
Asset-Level Information. On or before the 15th day following each Payment Date, the Servicer will prepare a Form ABS-EE, including an asset data file and asset-related document containing the asset-level information for each Receivable for the prior Collection Period as required by Item 1A of Form 10-D.