Common use of Weekly Reporting Clause in Contracts

Weekly Reporting. Borrower shall at all times maintain a current list (which may be stored in electronic form) of all Assets. Borrower shall deliver to Lender on the third Business Day of each week (the “Weekly Report Date”) a cumulative Asset Schedule, each of which, when so delivered, shall replace the current Asset Schedule and which may be delivered in electronic form acceptable to Lender. Each such updated Asset Schedule shall indicate the Outstanding Balance of each Receivable as of the close of the preceding week. In addition, Borrower will deliver to Lender a copy of each and every remittance report (and, at Lender’s reasonable request, any other report) prepared by Borrower or any other party to a Servicing Contract that identifies or indicates any reimbursement to Borrower of any Servicer Advance thereunder. Borrower shall deliver each such report to Lender not more than five (5) Business Days after Borrower has either prepared or received such report pursuant to the Servicing Contract. As of each Weekly Report Date, Borrower hereby certifies, represents and warrants to Lender that (A) each such updated Asset Schedule is true, complete and correct in all material respects and (B) except as set forth in the Weekly Report, as of such Weekly Report Date, all of the Servicing Contracts are in full force and effect and Borrower has not been terminated as the servicer or subservicer under any Servicing Contract.

Weekly Reporting. Borrower Seller shall at all times maintain a current list (which may be stored in electronic form) of all Assets. Borrower Seller shall deliver to Lender Buyer on the third Business Day of each week (the “Weekly Report Date”) a cumulative Asset Schedule, each of which, when so delivered, shall replace the current Asset Schedule and which may be delivered in electronic form acceptable to LenderBuyer. Each such updated Asset Schedule shall indicate the Outstanding Balance of each Receivable as of the close of the preceding week. In addition, Borrower Seller will deliver to Lender Buyer a copy of each and every remittance report (and, at LenderBuyer’s reasonable request, any other report) prepared by Borrower Seller or any other party to a Servicing Contract that identifies or indicates any reimbursement to Borrower Seller of any Servicer Advance thereunder. Borrower Seller shall deliver each such report to Lender Buyer not more than five (5) Business Days after Borrower Seller has either prepared or received such report pursuant to the Servicing Contract. As of each Weekly Report Date, Borrower Seller hereby certifies, represents and warrants to Lender Buyer that (A) each such updated Asset Schedule is true, complete and correct in all material respects and (B) except as set forth in the Weekly Report, as of such Weekly Report Date, all of the Servicing Contracts are in full force and effect and Borrower Seller has not been terminated as the servicer or subservicer under any Servicing Contract.