Common use of Servicing Tape Clause in Contracts

Servicing Tape. Seller shall provide to Buyer on the fifth (5th) Business Day of each month a computer readable file containing servicing information, in the form attached hereto as Exhibit I, with respect to the Transaction Assets serviced hereunder by Seller or Servicer. Seller’s failure to timely comply with the covenant contained in this Section 8.17 shall not be deemed an Event of Default hereunder, provided, that if the covenant contained in this Section 8.17 is not timely complied with, and the missing computer readable file in question pertains to Transaction Asset(s) that are not being serviced by Archon Group, L.P., the Rate Step-Up shall apply to the Initial Transaction Asset for each day after the expiration of said five (5) Business Day period until such computer readable file is delivered to Buyer.