In one sentence
The loan's schedule of borrower financial deliverables: operating statements, rent rolls, budgets, and certifications, on defined dates.
The longer version
Loan agreements specify what the borrower must deliver and when: quarterly operating statements, annual audited financials, updated rent rolls, and compliance certificates. These feed covenant testing and watch-list monitoring.
Chasing late reporting is a perennial servicing task. When deliverables are tracked as dated items with reminders, the chase shrinks and the covenant tests actually happen on time.
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