Common use of Variance Reports Clause in Contracts

Variance Reports. Such Loan Party will obtain from the Manager a Variance Report: (i) with respect to any specific Artist Catalogue, as of the date that is twelve (12) months following the date of acquisition of such Artist Catalogue and (ii) with respect to all Artist Catalogues that have been owned by a Loan Party for more than twelve (12) months, the date of each Appraisal delivered pursuant to Section 5.01(o) above. The Manager shall deliver a copy of each Variance Report prepared in accordance with this Section 5.01(r) to each Lender on |US-DOCS\161499384.7|| or prior to the earlier of the Reporting Date or the Borrowing Date next following the date of such report.

Variance Reports. Such Loan Party will obtain from the Manager a Variance Report: (i) with respect to any specific Artist Catalogue, as of the date that is twelve (12) months following the date of acquisition of such Artist Catalogue and (ii) with respect to all Artist Catalogues that have been owned by a Loan Party for more than twelve (12) months, the date of each Appraisal delivered pursuant to Section 5.01(o) above. The Manager shall deliver a copy of each Variance Report prepared in accordance with this Section 5.01(r) to each Lender on |US-DOCS\161499384.7|| or prior to the earlier of the Reporting Date or the Borrowing Date next following the date of such report.