Common use of Collateral Management Report Clause in Contracts

Collateral Management Report. On each Reporting Date and each Funding Date, the Collateral Manager will provide, on behalf of the Borrower, to the Administrative Agent, each Lender and the Collateral Agent a monthly statement including (i) a Borrowing Base calculated as of the most recent Determination Date, (ii) the Loan Tape calculated as of the most recent Determination Date, (iii) in connection with any month in which a Payment Date occurs, amounts to be remitted pursuant to Section 2.7, Section 2.8 or Section 2.9 to the applicable parties (which shall include any applicable wiring instructions of the parties receiving payment), and (iv) any other information the Collateral Manager may deem relevant with respect to any Loan (such monthly statement, a "Collateral Management Report"). Each Collateral Management Report shall be signed by a Responsible Officer of the Collateral Manager and the Borrower and shall be substantially in the form of Exhibit C.

Appears in 2 contracts

Sources: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)