Common use of Timeline of Events Clause in Contracts

Timeline of Events. The following is a timeline showing the sequence of events relating to a Lease Financing Loan. *** Equipment installed at a hotel or time-share property in connection with a Business Lease between eRoom and a Lessee. *** Seasoning Period. *** RSi bills the Lessee under the Business Lease for the period from ***. *** Lessee's due date for lease payment for period from *** (this payment belongs to eRoom). Also RSi bills the Lessee for the month of ***. *** Lessee's due date for lease payment for the *** lease payment - this payment belongs to eRoom. Also RSi bills the Lessee for the month of ***. *** Lessee's due date for the *** lease payment (this payment belongs to eRoom). RSi bills the Lessee for the *** lease payment. *** Funding Date. Lender makes Lease Financing Loan to the Borrower (which has acquired the Business Lease and related Equipment from eRoom pursuant to the Purchase Agreement). Lender withholds Monthly Payment Amount for *** from amounts loaned on such Lease Financing Loan. *** Initial Payment Date. Custodian receives the *** lease payment directly from the Lessee (this payment belongs to the Program and will be distributed on the Disbursement Date pursuant to Section 2.8). Also RSi bills the Lessee for the *** lease payment. CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION *** Initial Disbursement Date. Amounts received by the Custodian on the Business Leases since the Funding Date will be disbursed pursuant to Section 2.8. *** Payment Date. Lessee's due date for the *** lease payment and the billing date for the month of ***. *** Disbursement Date. Amounts received by the Custodian on the Business Leases since the prior Distribution Date will be disbursed pursuant to Section 2.8.