Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement). (b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 10 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2018-B), Trust Agreement (World Omni Auto Receivables Trust 2018-B), Trust Agreement (World Omni Auto Receivables Trust 2018-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a)5.02(b) hereof, the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business before 11:00 a.m. New York City time on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxxx.xxx/abs. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 4 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2012-B)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxx-xx0.xxxx.xxx/xxxxxxxxxx-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 4 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2015-B), Trust Agreement (World Omni Auto Receivables Trust 2015-B), Trust Agreement (World Omni Auto Receivables Trust 2014-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall, or shall cause the Account Bank to, distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 4 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2024-A), Trust Agreement (World Omni Auto Receivables Trust 2024-A), Trust Agreement (World Omni Auto Receivables Trust 2023-D)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 4 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2019-B), Trust Agreement (World Omni Auto Receivables Trust 2019-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(K) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxx.xxxxxxxxx.xxx/xxxxxxxxxx-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2022-A), Trust Agreement (World Omni Auto Receivables Trust 2022-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a)5.02(b) hereof, the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business before 11:00 a.m. New York City time on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxx.xxx.xx.xxx/investpublic. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2013-A), Trust Agreement (World Omni Auto Receivables Trust 2013-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2020-A), Trust Agreement (World Omni Auto Receivables Trust 2020-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a)5.02(b) hereof, the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(K) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. .
(b) The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on before the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(bc) On each Payment Date, the Indenture Trustee, as Paying Agent Agent, shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying AgentIndenture Trustee’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx“xxxxx://xxx.xxx.xxx.xx.xxx/investpublic”. Assistance in using the website can be obtained by calling the Paying AgentIndenture Trustee’s customer service desk at (000) 000-0000. The Paying Agent Indenture Trustee may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent Indenture Trustee shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2011-A), Trust Agreement (World Omni Auto Receivables Trust 2011-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2021-D), Trust Agreement (World Omni Auto Receivables Trust 2021-D)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxxx.xxx/abs. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2015-A), Trust Agreement (World Omni Auto Receivables LLC)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(N) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxwxx.xxxxxxxxxxxxxxxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 800-000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Select Auto Trust 2021-A), Trust Agreement (World Omni Select Auto Trust 2021-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(N) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxx.xxxxxxxxx.xxx/xxxxxxxxxx/trust-custody/asset-backed-servicer-reports. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Select Auto Trust 2020-A), Trust Agreement (World Omni Select Auto Trust 2020-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhtxxx://xxx.xxxxxxxxx.xxx/xxxxxxxxxx-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000600) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxwxx.xxxxxxxxxxxxxxxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 800-000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2021-B), Trust Agreement (World Omni Auto Receivables Trust 2021-B)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I) or (iii)(G), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000hxxxx://xxxxxxxxxxxxxxxxxxxx.xxxxxxxxx.xxx. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2016-A), Trust Agreement (World Omni Auto Receivables Trust 2016-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(N) or (iii)(Giii)(K), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(N) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxx.xxxxxxxxx.xxx/xxxxxxxxxx-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 300-000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2020-B), Trust Agreement (World Omni Auto Receivables Trust 2020-B)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a)5.02(b) hereof, the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. .
(b) The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business before 11:00 a.m. New York City time on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(bc) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxx.xxxxxx.xxx/abs. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2011-B), Trust Agreement (World Omni Auto Receivables Trust 2011-B)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall, or shall cause the Account Bank to, distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(M) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(M) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(M) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Select Auto Trust 2023-A), Trust Agreement (World Omni Select Auto Trust 2023-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxx.xxxxxxxxx.xxx/xxxxxxxxxx/trust-custody/asset-backed-servicer-reports. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2021-A), Trust Agreement (World Omni Auto Receivables Trust 2021-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall, or shall cause the Account Bank to, distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(M) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(M) or (iii)(Giii)(J), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(M) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxhxxxx://xxxxx.xxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Select Auto Trust 2024-A), Trust Agreement (World Omni Select Auto Trust 2024-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxx.xxxxxxxxxxxxxxxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) -000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2021-C), Trust Agreement (World Omni Auto Receivables Trust 2021-C)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxx.xxxxxxxxx.xxx/commercial-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2020-C), Trust Agreement (World Omni Auto Receivables Trust 2020-C)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxx.xxxxxxxxx.xxx/commercial-bank/trust-custody/corporate-trust-services/asset-backed-servicer-reports.jsp. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2019-C), Trust Agreement (World Omni Auto Receivables Trust 2019-C)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall, or shall cause the Account Bank to, distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxwxxxxxxxxxxxxxxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2024-B), Trust Agreement (World Omni Auto Receivables Trust 2024-B)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a)5.02(b) hereof, the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business before 11:00 a.m. New York City time on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxx://xxxxxxxxxxxxxxxxxxxx.xxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables Trust 2012-A), Trust Agreement (World Omni Auto Receivables Trust 2012-A)
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)([P]) or (iii)(Giii)([M]), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I[P]) or (iii)(Giii)([M]), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)([P]) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx[___]. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000[___]. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 1 contract
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)([L]) or (iii)(Giii)([J]), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I[L]) or (iii)(Giii)([J]), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)([L]) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx[___]. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000[___]. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
Appears in 1 contract
Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I5.06(ii)([T]) or (iii)(Giii)([R]), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)([T]) or (iii)(Giii)([R]), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)([T]) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx[ ]. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000[ ]. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
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Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(I) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxx[___]. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk at (000) 000-0000[___]. The Paying Agent may change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
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Application of Trust Funds. (a) On each Payment Date, subject to this Section 5.02(a), the Paying Agent shall, or shall cause the Account Bank to, distribute to Certificateholders, on a pro rata basis, amounts pursuant to Section 5.06(ii)(ISections 5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement with respect to such Payment Date. The Certificateholders of 100% Percentage Interest of the Trust Certificates will have the right, but not the obligation, in their sole discretion, to instruct the Indenture Trustee in writing on or prior to the close of business on the related Payment Determination Date to retain in the Collection Account all or a portion of distributions otherwise payable to them pursuant to Section 5.06(ii)( I5.06(ii)(K) or (iii)(Giii)(H), or Section 5.07(d) of the Sale and Servicing Agreement. If the Certificateholders make this election, these amounts will be treated as collections during the then-current Collection Period and the Certificateholders will have no claim to such amounts (unless distributed on a subsequent Payment Date pursuant to Section 5.06(ii)(I5.06(ii)(K) of the Sale and Servicing Agreement).
(b) On each Payment Date, the Paying Agent shall post a copy of the statement or statements provided to the Indenture Trustee by the Servicer pursuant to Section 5.08 of the Sale and Servicing Agreement with respect to such Payment Date on its internet website promptly following its receipt thereof, for the benefit of the Certificateholder. The Paying Agent’s internet website shall initially be located at hxxxx://xxxxxx.xxx/xxxxxxxxxxxxxxxxxxxxxxxxx.xxx. Assistance in using the website can be obtained by calling the Paying Agent’s customer service desk bondholder services group at (000) 000-0000. The Paying Agent may may, but shall not be obligated to, change the way the statements and information are posted or distributed in order to make such distribution more convenient and/or accessible for such Certificateholders, and the Paying Agent shall provide on the website timely and adequate notification to all parties regarding any such change.
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Samples: Trust Agreement (World Omni Auto Receivables Trust 2022-D)