Common use of Investor Report Clause in Contracts

Investor Report. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Seller and the Trustees, an Investor Report in respect of the related Collection Period and Payment Date and all information necessary for the Trustees, as applicable, to send (or provide access to via the internet) statements to Securityholders pursuant to Section 6.06 of the Indenture and Section 5.01(b) of the Trust Agreement. The Servicer shall also specify to the Trustees, no later than the Determination Date following the last day of a Collection Period as of which the Seller shall separately identify (by account number), in a written notice to the Depositor and the Trustees, the Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, on the related Deposit Date. The Servicer shall include the SOFR Rate for the Interest Period provided to it in accordance with Section 2.16 of the Indenture in the Investor Report. (b) On or prior to the 15th day following each Payment Date, the Servicer will prepare a Form ABS-EE, including an asset data file and asset-related document containing the asset-level information for each Receivable for the prior Collection Period as required by Item 1A of Form 10-D. (c) Upon receipt of notice from the Administrator (on behalf of the Issuer) of the determination of a Benchmark Replacement or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the next-delivered Investor Report any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and such Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes provided by the Administrator (on behalf of the Issuer) in the Investor Report.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

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Investor Report. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Seller and the Trustees, an Investor Report in respect of the related Collection Period and Payment Date and all information necessary for the Trustees, as applicable, to send (or provide access to via the internet) statements to Securityholders pursuant to Section 6.06 of the Indenture and Section 5.01(b) of the Trust Agreement. The Servicer shall also specify to the Trustees, no later than the Determination Date following the last day of a Collection Period as of which the Seller shall separately identify (by account number), in a written notice to the Depositor and the Trustees, the Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, on the related Deposit Date. The Servicer shall include the SOFR Rate for the Interest Period provided to it in accordance with Section 2.16 of the Indenture in the Investor Report. (b) On or prior to the 15th day following each Payment Date, the Servicer will prepare a Form ABS-EE, including an asset data file and asset-related document containing the asset-level information for each Receivable for the prior Collection Period as required by Item 1A of Form 10-D. (c) Upon receipt of notice from the Administrator (on behalf of the Issuer) of the determination of a In connection with any Benchmark Transition Event, Benchmark Replacement Date or Benchmark Replacement the making of Issuer shall provide the Servicer with information for inclusion in the related Investor Report regarding the Benchmark Transition Event, Benchmark Replacement Date or Benchmark Replacement (including information with respect to any Unadjusted Benchmark Replacement, Benchmark Replacement Adjustment and Benchmark Replacement Conforming Changes), and the Servicer will prepare and include the provided information in the next-delivered Investor Report any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and such Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes provided by the Administrator (on behalf of the Issuer) in the related Investor Report.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2019-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2019-1)

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Investor Report. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Seller and the Trustees, an Investor Report in respect of the related Collection Period and Payment Date and all information necessary for the Trustees, as applicable, to send (or provide access to via the internet) statements to Securityholders pursuant to Section 6.06 of the Indenture and Section 5.01(b) of the Trust Agreement. The Servicer shall also specify to the Trustees, no later than the Determination Date following the last day of a Collection Period as of which the Seller shall separately identify (by account number), in a written notice to the Depositor and the Trustees, the Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, on the related Deposit Date. The Servicer shall include the SOFR Rate for the Interest Period provided to it in accordance with Section 2.16 of the Indenture in the Investor Report. (b) On [In connection with any Benchmark Transition Event, Benchmark Replacement Date or prior Benchmark Replacement the Issuer shall provide the Servicer with information for inclusion in the related Investor Report regarding the Benchmark Transition Event, Benchmark Replacement Date or Benchmark Replacement (including information with respect to the 15th day following each Payment Dateany Unadjusted Benchmark Replacement, Benchmark Replacement Adjustment and Benchmark Replacement Conforming Changes), and the Servicer will prepare a Form ABS-EE, including an asset data file and asset-related document containing include the asset-level provided information for each Receivable for the prior Collection Period as required by Item 1A of Form 10-D. (c) Upon receipt of notice from the Administrator (on behalf of the Issuer) of the determination of a Benchmark Replacement or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the next-delivered Investor Report any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and such Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes provided by the Administrator (on behalf of the Issuer) in the related Investor Report.]

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimler Retail Receivables LLC)

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