Common use of Monthly Information Clause in Contracts

Monthly Information. Within twenty (20) days following the end of each month, Borrower shall deliver to Lender: (i) monthly unaudited operating cash flow statements for the Projects, certified as true, complete and correct by Alterra, showing actual sources and uses of cash during the preceding month and fiscal year-to-date, in comparison to the same month and year-to-date for the prior fiscal year, (ii) a current revenue journal (including monthly delinquency reports and a monthly schedule of delinquency receipts and payments), (iii) a summary of all resident move-in and move-out activity then taking place with respect to the Projects, and (iv) such other information as Lender may reasonably request. Within twenty (20) days after the end of every calendar month during the term of the Loan, Borrower shall deliver to Lender (i) a statement and report, on a form approved by Lender in its sole and absolute discretion, detailing Borrower's or Owner's calculation of Revenue and Net Cash Flow for such month and (ii) if requested by Lender, back-up documentation (including, without limitation, invoices, receipts and other evidence of costs incurred during such month as Lender shall reasonably require) evidencing the propriety of the deductions from revenues in determining such Net Cash Flow.

Monthly Information. Within twenty (20) days following the end of each month, Borrower shall deliver to Lender: (i) monthly unaudited operating cash flow statements for the Projects, certified as true, complete and correct by Alterra, Alterra showing actual sources and uses of cash during the preceding month and fiscal year-to-date, in comparison to the same month and year-to-date for the prior fiscal year, (ii) a current revenue journal (including monthly delinquency reports and a monthly schedule of delinquency receipts and payments), (iii) a summary of all resident move-in and move-out activity then taking place with respect to the Projects, and (iv) such other information as Lender may reasonably request. Within twenty (20) days after the end of every calendar month during the term of the Loan, Borrower shall deliver to Lender (i) a statement and report, on a form approved by Lender in its sole and absolute discretion, detailing Borrower's or Owner's calculation of Revenue and Net Cash Flow for such month month, and (ii) if requested by Lender, back-up documentation (including, without limitation, invoices, receipts and other evidence of costs incurred during such month as Lender shall reasonably require) evidencing the propriety of the deductions from revenues in determining such Net Cash Flow.