Example ContractsClausesfinancial statement adjustments or restatementsIdentical
Financial Statement Adjustments or Restatements
Financial Statement Adjustments or Restatements contract clause examples

Adjustments. If # the Portfolio Asset Servicer makes a deposit into the Collection Account in respect of a Collection of a Portfolio Asset and such Collection was received by the Portfolio Asset Servicer in the form of a check that is not honored for any reason or # the Portfolio Asset Servicer makes a mistake with respect to the amount of any Collection and deposits an amount that is less than or more than the actual amount of such Collection, the Portfolio Asset Servicer shall appropriately adjust the amount subsequently deposited into the Collection Account to reflect such dishonored check or mistake. Any Scheduled Payment in respect of which a dishonored check is received shall be deemed not to have been paid.

ACRES Commercial Realty Corp. (ACR, ACR-PC, ACR-PD) (CIK 0001332551)
Source: SEC EDGAR database • Date: August 30, 2022 • SIC: 6798 • CIK: 6798

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