Common use of Frequency of Computation of Asset Interest Clause in Contracts

Frequency of Computation of Asset Interest. The Asset Interest shall be computed as provided in SECTION 3.1, as of the Cut-Off Date for each Settlement Period, after giving effect to the payments made pursuant to SECTION 3.1. In addition, at any time, the Administrative Agent, on behalf of the Purchaser, may require the Servicers to provide an Information Package, based on the information then available to the Servicers, for purposes of computing the Asset Interest or the Purchase Limit as of any other date, and the Servicers agree to do so within five (5) (or three (3), if a Liquidation Event has occurred and is continuing) Business Days of its receipt of the Administrative Agent's request.

Frequency of Computation of Asset Interest. The Asset Interest shall be computed as provided in SECTION Section 3.1, as of the Cut-Off Date for each Settlement Period, after giving effect to the payments made pursuant to SECTION Section 3.1. In addition, at any time, the Administrative Agent, on behalf of the Purchaser, may require the Servicers to provide an Information Package, based on the information then available to the Servicers, for purposes of computing the Asset Interest or the Purchase Limit as of any other date, and the Servicers agree to do so within five (5) (or three (3), if a Liquidation Event has occurred and is continuing) Business Days of its receipt of the Administrative Agent's request.