Common use of Monthly Noteholders’ Statement Clause in Contracts

Monthly Noteholders’ Statement. (a) On each Distribution Date, the Paying Agent shall forward to each Noteholder of record of each Outstanding Series the Monthly Noteholders' Statement with respect to such Series, with a copy to the Rating Agencies, the Trustee (if other than the Paying Agent) and any Enhancement Provider with respect to such Series. (b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 1998, the Paying Agent shall furnish to each Person who at any time during the preceding calendar year was a Noteholder a statement prepared by AFC-II containing the information which is required to be contained in the Monthly Noteholders' Statements with respect to each Series of Notes aggregated for such calendar year or the applicable portion thereof during which such Person was a Noteholder, together with such other customary information (consistent with the treatment of the Notes as debt) as AFC-II deems necessary or desirable to enable the Noteholders to prepare their tax returns (each such statement, an "Annual Noteholders' Tax Statement"). Such obligations of AFC-II to prepare and the Paying Agent to distribute the Annual Noteholders' Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable information shall be pro- vided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Monthly Noteholders’ Statement. (a) On each Distribution Date, the Paying Agent shall forward to each Noteholder of record of each Outstanding Series the Monthly Noteholders' Statement with respect to such all outstanding Series, with a copy to the Rating Agencies, the Trustee (if other than the Paying Agent) and any Enhancement Provider with respect the Monthly Noteholders' Statement prepared by the Servicer pursuant to such Seriesthe Lease. (b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19981997, the Paying Agent shall furnish to each Person who at any time during the preceding calendar year was a Noteholder a statement prepared by AFC-II the Servicer containing the information prepared by the Servicer which is required to be contained in the Monthly Noteholders' Statements with respect to each Series of Notes Statement aggregated for such calendar year or the applicable portion thereof during which such Person was a an Noteholder, together with such other customary information (consistent with the treatment of the Notes as debt) as AFC-II the Servicer deems necessary or desirable to enable the Noteholders to prepare their tax returns (each such statement, an "Annual Noteholders' Tax Statement"). Such obligations of AFC-II the Servicer to prepare and the Paying Agent to distribute the Annual Noteholders' Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable information shall be pro- vided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.the

Monthly Noteholders’ Statement. (a) On each Distribution Date, the Paying Agent shall forward to each Noteholder of record of each Outstanding Series the Monthly Noteholders' Statement with respect to such all outstanding Series, with a copy to the Rating Agencies, the Trustee (if other than the Paying Agent) and any Enhancement Provider with respect the Monthly Noteholders' Statement prepared by the Servicer pursuant to such Seriesthe Lease. (b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19981997, the Paying Agent shall furnish to each Person who at any time during the preceding calendar year was a Noteholder a statement prepared by AFC-II the Servicer containing the information prepared by the Servicer which is required to be contained in the Monthly Noteholders' Statements with respect to each Series of Notes Statement aggregated for such calendar year or the applicable portion thereof during which such Person was a an Noteholder, together with such other customary information (consistent with the treatment of the Notes as debt) as AFC-II the Servicer deems necessary or desirable to enable the Noteholders to prepare their tax returns (each such statement, an "Annual Noteholders' Tax Statement"). Such obligations of AFC-II the Servicer to prepare and the Paying Agent to distribute the Annual Noteholders' Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable information shall be pro- vided provided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.