Common use of Indenture Trustee Clause in Contracts

Indenture Trustee. The Indenture Trustee agrees to hold, in trust on behalf of the Noteholders, upon the execution and delivery of this Indenture, the following documents relating to each Receivable: (i) a copy of each Determination Date Administrator Report in electronic form listing each Receivable Granted to the Trust Estate, the applicable Advance Type for such Receivable and the corresponding Receivable Balance for such Receivable and demonstrating the profitability of each Subservicing Agreement for the immediately preceding calendar quarter which shall be equal to the greater of (a) 0.03% of the aggregate unpaid principal balance of the assets subject to such Subservicing Agreement as of the beginning of such quarter and (b) 25% of the Subservicer’s costs of performing thereunder during such quarter, as reported in writing to the Administrative Agent no later than the tenth day after the end of such quarter and any other information required in any related Indenture Supplement; (ii) a copy of each Funding Certification delivered by the Administrator, which shall be maintained in electronic format; (iii) the current Designated Servicing Agreement Schedule; (iv) the current Schedule of Receivables; (v) and any other documentation provided for in any Indenture Supplement; provided that the Indenture Trustee shall have no responsibility to ensure the validity or sufficiency of the Receivables.

Indenture Trustee. The Indenture Trustee agrees to hold, in trust on behalf of the Noteholders, upon the execution and delivery of this Indenture, the following documents relating to each Receivable: (i) a copy of each Determination Date Administrator Report in electronic form listing each Receivable Granted to the Trust Estate, the applicable Advance Type for such Receivable and the corresponding Receivable Balance for such Receivable and demonstrating the profitability of each Subservicing Agreement for the immediately preceding calendar quarter which shall be equal to the greater of (a) 0.03% of the aggregate unpaid principal balance of the assets subject to such Subservicing Agreement as of the beginning of such quarter and (b) 25% of the Subservicer’s costs of performing thereunder during such quarter, as reported in writing to the Administrative Agent Barclays no later than the tenth day after the end of such quarter and any other information required in any related Indenture Supplementquarter; (ii) a copy of each Funding Certification delivered by the Administrator, which shall be maintained in electronic format; (iii) the current Designated Servicing Agreement Schedule;; and (iv) the current Schedule of Receivables; (v) and any other documentation provided for in any Indenture Supplement; provided that the Indenture Trustee shall have no responsibility to ensure the validity or sufficiency of the Receivables.

Indenture Trustee. The Indenture Trustee agrees to hold, in trust on behalf of the Noteholders, upon the execution and delivery of this Indenture, the following documents relating to each Receivable: (i) a copy of each Determination Date Administrator Report in electronic form listing each Receivable Granted to the Trust Estate, the applicable Advance Type for such Receivable and the corresponding Receivable Balance for such Receivable and demonstrating the profitability of each Subservicing Agreement for the immediately preceding calendar quarter which shall be equal to the greater of (a) 0.03% of the aggregate unpaid principal balance of the assets subject to such Subservicing Agreement as of the beginning of such quarter and (b) 25% of the Subservicer’s costs of performing thereunder during such quarter, as reported in writing to the Administrative Agent no later than the tenth day after the end of such quarter and any other information required in any related Indenture Supplement; (ii) a copy of each Funding Certification delivered by the Administrator, which shall be maintained in electronic format; (iii) the current Designated Servicing Agreement Schedule; (iv) the current Schedule of Receivables;; and (v) and any other documentation provided for in any Indenture Supplement; provided that the Indenture Trustee shall have no responsibility to ensure the validity or sufficiency of the Receivables.

Indenture Trustee. The Indenture Trustee agrees to hold, in trust on behalf of the Noteholders, upon the execution and delivery of this Indenture, the following documents relating to each Receivable: (i) a copy of each Determination Date Administrator Report in electronic form listing each Receivable Granted to the Trust Estate, the applicable Advance Type for such Receivable and the corresponding Receivable Balance for such Receivable and demonstrating the profitability of each Subservicing Agreement for the immediately preceding calendar quarter which shall be equal to the greater of (a) 0.03% of the aggregate unpaid principal balance of the assets subject to such Subservicing Agreement as of the beginning of such quarter and (b) 25% of the Subservicer’s costs of performing thereunder during such quarter, as reported in writing to the Administrative Agent no later than the tenth 56 day after the end of such quarter and any other information required in any related Indenture Supplement; (ii) a copy of each Funding Certification delivered by the Administrator, which shall be maintained in electronic format; (iii) the current Designated Servicing Agreement Schedule; (iv) the current Schedule of Receivables;; and (v) and any other documentation provided for in any Indenture Supplement; provided that the Indenture Trustee shall have no responsibility to ensure the validity or sufficiency of the Receivables.

Indenture Trustee. The Indenture Trustee agrees to hold, in trust on behalf of the Noteholders, upon the execution and delivery of this Indenture, the following documents relating to each Receivable: (i) a copy of each Determination Date Administrator Report in electronic form listing each Receivable Granted to the Trust Estate, the applicable Advance Type for such Receivable and the corresponding Receivable Balance for such Receivable and demonstrating the profitability of each Subservicing Agreement for the immediately preceding calendar quarter which shall be equal to the greater of (a) 0.03% of the aggregate unpaid principal balance of the assets subject to such Subservicing Agreement as of the beginning [beginning] of such quarter and (b) 25% of the Subservicer’s costs of performing thereunder during such quarter, as reported in writing to the Administrative Agent Barclays no later than the tenth day after the end of such quarter and any other information required in any related Indenture Supplementquarter; (ii) a copy of each Funding Certification delivered by the Administrator, which shall be maintained in electronic format; (iii) the current Designated Servicing Agreement Schedule;; and (iv) the current Schedule of Receivables; (v) and any other documentation provided for in any Indenture Supplement; provided that the Indenture Trustee shall have no responsibility to ensure the validity or sufficiency of the Receivables.