Common use of Administrator’s Accounting Clause in Contracts

Administrator’s Accounting. On each Determination Date, the Administrator shall deliver to the AART Indenture Trustee, the Depositor, the AART Owner Trustee and the Rating Agencies an Administrator’s Accounting with respect to the immediately preceding Monthly Period executed by any Authorized Officer of the Administrator containing all information necessary to each such party for making any distributions required by this Agreement and the Further Transfer Agreements, and all information necessary to each such party for sending any statements required under this Agreement and the Further Transfer Agreements. Secured Notes to be purchased by the Administrator under Section 2.04 of this Agreement or to be repurchased by the Seller or the Depositor, respectively, under the Pooling Agreement or the Trust Sale Agreement, respectively, as of the last day of any Monthly Period shall be identified by the registration number on such Secured Note (as set forth in the Schedule of Secured Notes). With respect to any Secured Notes for which the Depositor is the Owner, the Administrator shall deliver to the Depositor such accountings relating to such Secured Notes and the actions of the Administrator with respect thereto as the Depositor may reasonably request.