Monthly Certificateholders' Statement Sample Clauses
The Monthly Certificateholders' Statement clause requires the issuer or trustee to provide regular, typically monthly, reports to certificateholders detailing the performance and status of the underlying assets or trust. These statements often include information such as collections, distributions, outstanding balances, and any relevant events affecting the certificates. By mandating consistent and transparent reporting, this clause ensures that certificateholders are kept informed about their investment, supporting informed decision-making and fostering trust in the administration of the trust or securitization.
Monthly Certificateholders' Statement. (a) On or before each Distribution Date, the Trustee or the Paying Agent shall forward to the Certificateholders, each Rating Agency and the Owner Trustee a statement substantially in the form of Exhibit C to this Series Supplement prepared by the Servicer, delivered to the Trustee and the Paying Agent and setting forth, among other things, the following information (which, in the case of subclauses (i) and (ii) below, shall be stated on the basis of an original principal amount of $1,000 per Certificate and, in the case of subclauses (viii) and (ix) shall be stated on an aggregate basis and on the basis of an original principal amount of $1,000 per Certificate, as applicable):
(i) the amount of the current distribution allocable to the payment of principal with respect to the Certificates;
(ii) the amount of the current distribution allocable to the Class A Note Interest Requirement, Class B Note Interest Requirement, and the Net Class C Note Interest Requirement, respectively;
(iii) the amount of Collections of Principal Receivables processed during the related Monthly Period and allocated in respect of the Certificates;
(iv) the amount of Collections of Finance Charge Receivables processed during the related Monthly Period and allocated in respect of the Certificates;
(v) the aggregate amount of Principal Receivables, the Investor Interest, the Adjusted Investor Interest, the Floating Investor Percentage and the Fixed Investor Percentage as of the close of business on the Distribution Date preceding such Transfer Date (after giving effect to all of the transactions occurring on such date);
(vi) the aggregate outstanding balance of Accounts which were 30 to 59, 60 to 89, and 90 or more days delinquent as of the end of the day on the Record Date;
(vii) the Aggregate Investor Default Amount for the related Monthly Period;
(viii) the aggregate amount of Investor Charge-Offs, for the related Monthly Period;
(ix) the aggregate amount of Investor Charge-Offs, reimbursed on the Transfer Date immediately preceding such Distribution Date;
(x) the amount of the Investor Servicing Fee for the related Monthly Period;
(xi) the Portfolio Yield for the preceding Monthly Period;
(xii) the amount of Reallocated Principal Collections with respect to such Distribution Date;
(xiii) the Accumulation Shortfall;
(xiv) the Principal Funding Investment Proceeds transferred to the Finance Charge Account on the related Transfer Date;
(xv) the Principal Funding Investment Shortfall...
Monthly Certificateholders' Statement. On each Determination Date the Paying Agent shall forward to each Series 1996-2 Certificateholder and each Rating Agency a statement substantially in the form of Exhibit A hereto."
Monthly Certificateholders' Statement. (a) On or before each Distribution Date, the Paying Agent shall forward to each Series 1999-1 Investor Certificateholder of record on the immediately preceding Record Date and the Rating Agencies a statement substantially in the form of Exhibit 2 to the Series Supplement relating to Series 1999-1 and the Collateral Interest prepared by the Servicer setting forth among other things the following information (which, in the case of subclauses (i), (ii) and (iii) below, shall be stated on the basis of an original principal amount of $1,000 per Certificate and, in the case of subclauses (viii) and (ix) shall be stated on an aggregate basis and on the basis of an original principal amount of $1,000 per Certificate):
(i) the total amount distributed to the Class A Certificateholders and the Class B Certificateholders, respectively, on such Distribution Date, and to the Collateral Interest Holder on the preceding Transfer Date;
(ii) the amount of such distribution, if any, allocable to principal with respect to the Class A Certificates, the Class B Certificates and the Collateral Interest, respectively;
Monthly Certificateholders' Statement. (a) On or before each ------------------------------------- Distribution Date, the Paying Agent shall forward to each Series 1997-1 Certificateholder of record on the immediately preceding Record Date and the Rating Agencies a statement substantially in the form of Exhibit 2 to the Series Supplement relating to Series 1997-1 and the Collateral Interest prepared by the Servicer setting forth among other things the following information (which, in the case of subclauses (i), (ii) and (iii) below, shall be stated on the basis of an original principal amount of $1,000 per Certificate and, in the case of subclauses (viii) and (ix) shall be stated on an aggregate basis and on the basis of an original principal amount of $1,000 per Certificate):
Monthly Certificateholders' Statement. (a) On or before each Distribution Date, the Paying Agent shall forward to each Series 2007-1 Certificateholder and each Rating Agency a statement substantially in the form of Exhibit F to this Supplement prepared by the Servicer, appropriately completed.
Monthly Certificateholders' Statement. (a) On or before each Distribution Date, the Paying Agent shall forward to each Series 2007-1 Certificateholder and each Rating Agency a statement substantially in the form of Exhibit F to this Supplement prepared by the Servicer, appropriately completed.
(b) Annual Certificateholders’ Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2008, the Trustee shall distribute to each Person who at any time during the preceding calendar year was a Series 2007-1 Certificateholder, a statement prepared by the Servicer containing the information required to be contained in the regular monthly statement to Series 2007-1 Certificateholders, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 2007-1 Certificateholder, together with such other customary information (consistent with the treatment of the Class A Certificates, the Class M Certificates and the Class B Certificates as debt) as the Servicer deems necessary or desirable to enable the Series 2007-1 Certificateholders to prepare their tax returns. The Servicer will provide such information to the Trustee as soon as possible after January 1 of each calendar year. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
Monthly Certificateholders' Statement. (a) On or before each Distribution Date, the Paying Agent shall forward to each Series 2004-VFC Certificateholder (with a copy to Standard & Poor's and Moody's) a statement substantially in the form of Exhibit D to this Supplement prepared by the Servicer.