Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each Noteholder, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency a statement substantially in the form of Exhibit E to this Series Supplement prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and 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 Note and, in the case of subclauses (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal amount of $1,000 per Note): (i) the total amount distributed to holders of Notes; (ii) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal and Class D Monthly Principal, respectively; (iii) the amount of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectively; (iv) the amount of Collections of Principal Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectively; (v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes. Class C Notes and Class D Notes, respectively; (vi) the aggregate amount of Principal Receivables, the Investor Interest, the Adjusted Investor Interest, the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Period; (vii) the aggregate outstanding balance of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (or, if cancellation was delayed, whether due to a stay by reason of an Insured's bankruptcy or other reason, after the date the policy would have been cancelled in the absence of such delay); (viii) the Aggregate Investor Default Amount as of the end of the preceding Monthly Period and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount for the related Transfer Date; (ix) the aggregate amount of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests for such Transfer Date; (x) the aggregate amount of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests deemed to have been reimbursed on such Transfer Date; (xi) outstanding principal balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the Payment Date; (xii) [Reserved]; (xiii) the amount of the Class A Servicing Fee, the Class B Servicing Fee, the Class C Servicing Fee and the Class D Servicing Fee for such Transfer Date; (xiv) the amount of Reallocated Class D Principal Collections, Reallocated Class C Principal Collections and Reallocated Class B Principal Collections with respect to such Payment Date; (xv) LIBOR for the Interest Period ending on the day before such Payment Date; (xvi) the Pool Factor as of the end of the immediately preceding Monthly Period; (xvii) the Available Accumulation Reserve Account Amount and the amount, if any, of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer Date; (xviii) [Reserved]; (xix) the Class C Reserve Account Amount and the Annualized Excess Spread Amount; (xx) the amount of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit in the Finance Charge Account on the related Transfer Date; (xxi) the date on which the Controlled Accumulation Period and/or the Rapid Amortization Period commenced; (xxii) [Reserved]; (xxiii) the amount of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Notes; (xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations as of the end of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust Estate; (xxv) the aggregate outstanding principal amount of Receivables that have not been funded as of the end of the prior Monthly Period; and (xxvi) such other items as are set forth in Exhibit F to this Series Supplement. (b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005, the Trustee shall distribute to each Person who at any time during the preceding calendar year was a Noteholder, a statement prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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.
Appears in 1 contract
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr forward to each NoteholderNoteholder of record of all outstanding Series, with respect the Paying Agent (if other than the Trustee), any Note Owner, upon provision of evidence satisfactory to the Trustee as to its ownership interest, and any Enhancement Provider, and the Servicer, upon a single submission by a Note Owner of evidence satisfactory to the Servicer as to such Note Owner's ownership interest, shall forward to such Note Owner on each Notehxxxxx'x xxxxxxxx xxx Payment Date thereafter until otherwise instructed or until such Person ceases to each Rating Agency be a Note Owner, a statement substantially in the form of Exhibit E to this Series Supplement D (each, a "Monthly Noteholders' Statement") prepared by the Servicer and Servicer, delivered to the Trustee on and the preceding Determination Date Rating Agencies and setting forth, among other things, forth the following information (which, in the case of subclauses clauses (iiii), (iiiv) and (iiiv) below, shall be stated on expressed as a dollar amount per $1,000 of the basis of an original principal amount of $1,000 per Note the Notes of such Series and, in the case of subclauses clause (ix), (x) and (xiviii) shall be stated on an aggregate basis and on the basis of an a dollar amount per $1,000 of the original principal amount of $1,000 per Notethe Notes of such Series):
(i) the total aggregate amount distributed to holders of NotesInterest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the -42- 50 Related Month and the aggregate amount of Collections processed during such periods;
(ii) the Invested Percentage with respect to Interest Collections and Principal Collections for such Series on the last day of the Related Month;
(iii) the total amount to be distributed to Noteholders of such Series on the next succeeding Payment Date;
(iv) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal and Class D Monthly Principal, respectivelyprincipal on the Notes of such Series;
(iiiv) the amount of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectively;
(iv) interest on the amount Notes of Collections of Principal Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectively;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes. Class C Notes and Class D Notes, respectivelysuch Series;
(vi) the aggregate amount of Principal Receivablesany drawing under any Enhancement, the Investor Interestif any, the Adjusted Investor Interest, the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodfor such Series for such Payment Date;
(vii) the aggregate outstanding balance of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation amount of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (or, if cancellation was delayed, whether due to a stay by reason of an Insured's bankruptcy or other reason, after the date the policy would have been cancelled in the absence of Servicing Fee for such delay)Series for such Payment Date;
(viii) the Aggregate Investor Default Amount amount available under the applicable Enhancement, if any, for such Series as of the end close of business on such Payment Date after giving effect to any drawings on the preceding Monthly Period applicable Enhancement and payments to the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount for the related Transfer applicable Enhancement Provider on such Payment Date;
(ix) the aggregate ratio of the amount of Class A Investor Charge-Offsavailable under the applicable Enhancement, Class B Investor Charge-Offsif any, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in to the absence of principal distributions in the Investor Interests Invested Amount for such Transfer Series as of the close of business on such Payment Date after giving effect to any drawings on the applicable Enhancement and payments to the applicable Enhancement Provider on such Payment Date;
(x) the aggregate amount of Class A Investor Charge-OffsPool Factor, Class B Investor Charge-Offsif any, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests deemed to have been reimbursed on for such Transfer Date;
(xi) outstanding principal balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, Series as of the end of the day on the Payment Date;
(xii) [Reserved];
(xiii) the amount of the Class A Servicing Fee, the Class B Servicing Fee, the Class C Servicing Fee and the Class D Servicing Fee for such Transfer Date;
(xiv) the amount of Reallocated Class D Principal Collections, Reallocated Class C Principal Collections and Reallocated Class B Principal Collections Record Date with respect to such Payment Date;
(xvxi) LIBOR whether, to the knowledge of the Servicer, any Liens exist with respect to any of the Collateral which are not permitted under the Related Documents;
(xii) the Aggregate Asset Amount and the amount of any Asset Amount Deficiency;
(xiii) the Controlled Distribution Amount and the Carryover Controlled Amortization Amount (as defined for any -43- 51 Series or class of Notes in the Interest Period ending on the day before applicable Supplement) for such Payment Date;
(xiv) the Net Book Value of Program Vehicles and the Net Book Value of Non-Program Vehicles from each Manufacturer as of the last day of the Related Month;
(xv) the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Vehicles;
(xvi) the Pool Factor number of Vehicles of each Manufacturer as of the end last date of the immediately preceding Monthly PeriodRelated Month;
(xvii) the Available Accumulation Reserve Account Amount average age of all Program Vehicles and average age of all Non-Program Vehicles as of the amount, if any, last day of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateRelated Month;
(xviii) [Reserved];the average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month; and
(xix) with respect to any Series, the Class C Reserve Account Amount and the Annualized Excess Spread Amount;
(xx) the amount of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit information specified in the Finance Charge Account on the related Transfer Date;
(xxi) the date on which the Controlled Accumulation Period and/or the Rapid Amortization Period commenced;
(xxii) [Reserved];
(xxiii) the amount of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Notes;
(xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations as of the end of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust Estate;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded as of the end of the prior Monthly Period; and
(xxvi) such other items as are set forth in Exhibit F to this Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005, the Trustee shall distribute to each Person who at any time during the preceding calendar year was a Noteholder, a statement prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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.
Appears in 1 contract
Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this C or in such form as may be specified in the Series Supplement prepared by the for a Series of Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee and each Rating Agency rating a Series of Notes each such Monthly Noteholders’ Statement with respect to such Series of Notes on each Payment Date for such Series or on such dates as are specified in the preceding Determination Date and Series Supplement for a Series of Notes setting forth, among other things, forth the following information (which, in the case of subclauses clauses (iiii), (iiiv) and (iiiv) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Notes of such Series and, in the case of subclauses clause (ix), (x) and (xiviii) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Note):of the original Principal Amount of the Notes of such Series) or setting forth such information as may be required by the Series Supplement for a Series of Notes:
(i) the total aggregate amount distributed to holders of NotesInterest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the Invested Percentage with respect to Interest Collections and Principal Collections for such Series on the last day of the Related Month;
(iii) the total amount to be distributed to Noteholders of such Series on the next succeeding Payment Date;
(iv) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal and Class D Monthly Principal, respectivelyprincipal on the Notes of such Series;
(iiiv) the amount of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectively;
(iv) interest on the amount Notes of Collections of Principal Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectively;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes. Class C Notes and Class D Notes, respectivelysuch Series;
(vi) the aggregate amount of Principal Receivablesany drawing under any Enhancement, the Investor Interestif any, the Adjusted Investor Interest, the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodfor such Series for such Payment Date;
(vii) the aggregate outstanding balance of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation amount of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (or, if cancellation was delayed, whether due to a stay by reason of an Insured's bankruptcy or other reason, after the date the policy would have been cancelled in the absence of Servicing Fee for such delay)Series for such Payment Date;
(viii) the Aggregate Investor Default Amount amount available under the applicable Enhancement, if any, for such Series as of the end close of business on such Payment Date after giving effect to any drawings on the preceding Monthly Period applicable Enhancement and payments to the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount for the related Transfer applicable Enhancement Provider on such Payment Date;
(ix) the aggregate ratio of the amount of Class A Investor Charge-Offsavailable under the applicable Enhancement, Class B Investor Charge-Offsif any, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in to the absence of principal distributions in the Investor Interests Invested Amount for such Transfer Series as of the close of business on such Payment Date after giving effect to any drawings on the applicable Enhancement and payments to the applicable Enhancement Provider on such Payment Date;
(x) the aggregate amount of Class A Investor Charge-OffsPool Factor, Class B Investor Charge-Offsif any, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests deemed to have been reimbursed on for such Transfer Date;
(xi) outstanding principal balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, Series as of the end of the day on the Payment Date;
(xii) [Reserved];
(xiii) the amount of the Class A Servicing Fee, the Class B Servicing Fee, the Class C Servicing Fee and the Class D Servicing Fee for such Transfer Date;
(xiv) the amount of Reallocated Class D Principal Collections, Reallocated Class C Principal Collections and Reallocated Class B Principal Collections Record Date with respect to such Payment Date;
(xvxi) LIBOR whether, to the knowledge of the Master Servicer, any Liens exist with respect to any of the Collateral which are not permitted under the Related Documents;
(xii) the Aggregate Asset Amount and the amount of any Asset Amount Deficiency;
(xiii) the Controlled Distribution Amount and the Carryover Controlled Amortization Amount (as defined for any Series or class of Notes in the Interest Period ending on the day before applicable Series Supplement) for such Payment Date;
(xiv) the Net Book Value of Program Vehicles and the Net Book Value of Non-Program Vehicles from each Manufacturer as of the last day of the Related Month;
(xv) the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Vehicles;
(xvi) the Pool Factor number of Vehicles of each Manufacturer as of the end last date of the immediately preceding Monthly PeriodRelated Month;
(xvii) the Available Accumulation Reserve Account Amount average age of all Program Vehicles and average age of all Non-Program Vehicles as of the amount, if any, last day of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateRelated Month;
(xviii) [Reserved];the average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month; and
(xix) with respect to any Series, the Class C Reserve Account Amount and the Annualized Excess Spread Amount;
(xx) the amount of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit information specified in the Finance Charge Account on the related Transfer Date;
(xxi) the date on which the Controlled Accumulation Period and/or the Rapid Amortization Period commenced;
(xxii) [Reserved];
(xxiii) the amount Series Supplement. On each Payment Date for a Series of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Notes;
(xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations Notes or at such other times as of the end of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables are specified in the Trust Estate;
(xxv) the aggregate outstanding principal amount Series Supplement for a Series of Receivables that have not been funded as of the end of the prior Monthly Period; and
(xxvi) such other items as are set forth in Exhibit F to this Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of all Outstanding Series, the Paying Agent (if other than the Trustee), any time during Note Owner, upon provision of evidence satisfactory to the preceding calendar year was a NoteholderTrustee as to its ownership interest, a statement and any Enhancement Provider, and the Master Servicer, the Monthly Noteholders’ Statement applicable to each such Noteholders’ Series of Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared for the Series 2010-3 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer shall deliver to the Trustee, each Rating Agency rating the Series 2010-3 Notes each such Monthly Noteholders’ Statement with respect to the Series 2010-3 Notes on or before the fourth Business Day before each Payment Date (unless otherwise agreed to by the Servicer and delivered to the Trustee on the preceding Determination Date and Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2010-3 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2010-3 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2010-3 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and, if applicable, during the related Series 2010-3 Amortization Principal Collection Period and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly PrincipalSeries 2010-3 Accrued Interest Amount, Class B Monthly Principal, Class C Monthly Principal the Series 2010-3 Interest Amount and Class D Monthly Principal, respectivelythe Series 2010-3 Interest Rate Cap Proceeds for the next Payment Date;
(iii) the amount of such distribution allocable Series 2010-3 Invested Percentage with respect to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Series 2010-3 Interest Collections and Class D Monthly Interest, respectivelyPrincipal Collections for the Series 2010-3 Notes;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2010-3 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2010-3 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2010-3 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2010-3 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2010-3 Monthly Servicing Fee, the preceding Series 2010-3 Monthly Period Supplemental Servicing Fee, the Group VII Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group VII Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2010-3 Enhancement Amount, the Series 2010-3 Enhancement Deficiency, if any, the Series 2010-3 Minimum Enhancement Amount, the Series 2010-3 Required Enhancement Percentage, the Series 2010-3 Liquidity Amount, the Series 2010-3 Minimum Liquidity Amount, the Series 2010-3 Cash Liquidity Amount, the Series 2010-3 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2010-Offs3 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2010-Offs3 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2010-Offs3 Available Subordinated Amount, Class D Investor Chargethe Series 2010-Offs 3 Minimum Subordinated Amount and other reductions the Series 2010-3 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2010-3 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2010-3 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2010-3 Invested Amount, the Class B Servicing FeeSeries 2010-3 Invested Percentage, the Class C Servicing Fee Series 2010-3 Maximum Invested Amount and the Class D Servicing Fee for such Transfer Group VII Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group VII Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR for the Interest Period ending on total amount of Vehicle Disposition Losses during the day before such Payment DateRelated Month;
(xvi) the Pool Factor as total amount of Vehicle Disposition Recoveries during the end of the immediately preceding Monthly PeriodRelated Month;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Liens exist with respect to any of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateCollateral which are not permitted under the Related Documents;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Lease Event of Default or Servicer Default has occurred;
(xix) whether, to the Class C Reserve Account Amount and knowledge of the Annualized Excess Spread AmountMaster Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2010-3 Notes has occurred;
(xx) the Required Asset Amount, the Aggregate Asset Amount, the amount of Class A Available Fundsany Asset Amount Deficiency and the Exchange Agreement Group VII Rights Value, Class B Available Fundsin each case, Class C Available Funds and Class D Available Funds on deposit in as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which Net Book Value of Program Vehicles and the Controlled Accumulation Period and/or Net Book Value of Non-Program Vehicles from each Manufacturer, the Rapid Amortization Period commencedrating of each such Manufacturer and the name of any Bankrupt Manufacturer, in each case, as of the last day of the Related Month;
(xxii) [Reserved]the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Group VII Vehicles, and the Program Vehicle Percentage, in each case, as of the last day of the Related Month;
(xxiii) the amount number of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on Group VII Vehicles of each Manufacturer as of the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) (x) the Market Value Adjustment Percentage as of the end related Determination Date, (y) the Measurement Month Average and the aggregate Market Value of Non-Program Vehicles as of the last day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month;
(xxvii) (i) prior Monthly Periodto a Specified Change in Control Transaction, (w) in each case, to the extent relevant to a financial covenant then applicable pursuant to the definition of “Servicer Financial Covenant Event of Default”, (A) the Leverage Ratio of the Master Servicer and its Subsidiaries as of the related Determination Date, (B) as of the date used for purposes of the determination of such Leverage Ratio, the amount of Corporate Debt and Corporate EBITDA, (C) the Interest Coverage Ratio of the Master Servicer and its Subsidiaries for the most recent period of four consecutive Fiscal Quarters ending prior to the related Determination Date (D) for purposes of the determination of such Interest Coverage Ratio, the amount of Corporate EBITDA and Corporate Interest Expense for the applicable period and (E) such other information as is reasonably relevant to a financial covenant then applicable pursuant to the definition of “Servicer Financial Covenant Event of Default”; and (ii) after a Specified Change in Control Transaction, such information relative to Specified Change in Control Counterparty Financial Covenants as agreed pursuant to this Supplement (it being understood that such information shall be agreed by the Issuer and the Series 2010-3 Majority Noteholders in connection with the determination of any such Specified Change in Control Counterparty Financial Covenants pursuant to Section 8.11 hereof);
(xxviii) the weighted average monthly Depreciation Charges accruing with respect to all Non-Program Vehicles during the Related Month expressed as a percentage of the average Capitalized Cost of all Non-Program Vehicles during the Related Month; and
(xxvixxix) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2010-3 Notes. On each Payment Date for the Series 2010-3 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2010-3 Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of Series 2010-3 Notes, the Paying Agent (if other than the Trustee), any time during other Note Owner of Series 2010-3 Notes requesting the preceding calendar year was a Noteholdersame and upon provision of evidence satisfactory to the Trustee as to its ownership interest, a statement the Monthly Noteholders’ Statement for the Series 2010-3 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Amended and Restated Series Supplement (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared by for the Series 2010-1 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee and each Rating Agency rating the Series 2010-1 Notes each such Monthly Noteholders’ Statement with respect to the Series 2010-1 Notes on or before the preceding Determination fourth Business Day before each Payment Date and (unless otherwise agreed to by the Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2010-1 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2010-1 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2010-1 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal Series 2010-1 Interest Amount and Class D Monthly Principal, respectivelythe Series 2010-1 Interest Rate Cap Proceeds for the next Payment Date;
(iii) the amount Series 2010-1 Invested Percentage with respect to Series 2010-1 Interest Collections and Principal Collections for the Series 2010-1 Notes on the last day of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectivelythe Related Month;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2010-1 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2010-1 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2010-1 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2010-1 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2010-1 Monthly Servicing Fee, the preceding Series 2010-1 Monthly Period Supplemental Servicing Fee, the Group V Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group V Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2010-1 Enhancement Amount, the Series 2010-1 Enhancement Deficiency, if any, the Series 2010-1 Minimum Enhancement Amount, the Series 2010-1 Required Enhancement Percentage, the Series 2010-1 Liquidity Amount, the Series 2010-1 Minimum Liquidity Amount, the Series 2010-1 Cash Liquidity Amount, the Series 2010-1 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2010-Offs1 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2010-Offs1 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2010-Offs1 Available Subordinated Amount, Class D Investor Chargethe Series 2010-Offs 1 Minimum Subordinated Amount and other reductions the Series 2010-1 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2010-1 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2010-1 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2010-1 Invested Amount, the Class B Servicing FeeSeries 2010-1 Invested Percentage, the Class C Servicing Fee Series 2010-1 Maximum Invested Amount and the Class D Servicing Fee for such Transfer Group V Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group V Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR the Pool Factor for such Series as of the Interest Period ending on Record Date with respect to the day before such next Payment Date;
(xvi) whether, to the Pool Factor as knowledge of the end Master Servicer, any Liens exist with respect to any of the immediately preceding Monthly PeriodCollateral which are not permitted under the Related Documents;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Lease Event of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateDefault or Servicer Default has occurred;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2010-1 Notes has occurred;
(xix) the Class C Reserve Account Required Asset Amount, the Aggregate Asset Amount, the amount of any Asset Amount Deficiency and the Annualized Excess Spread AmountExchange Agreement Group V Rights Value, in each case, as of the last day of the Related Month;
(xx) the amount Net Book Value of Class A Available FundsProgram Vehicles and the Net Book Value of Non-Program Vehicles from each Manufacturer, Class B Available Fundsthe rating of each such Manufacturer and the name of any Bankrupt Manufacturer, Class C Available Funds and Class D Available Funds on deposit in each case, as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which ratios of the Controlled Accumulation Period and/or Non-Program Vehicles and the Rapid Amortization Period commencedProgram Vehicles, respectively, to all Group V Vehicles, and the Program Vehicle Percentage, in each case, as of the last day of the Related Month;
(xxii) [Reserved]the number of Group V Vehicles of each Manufacturer as of the last day of the Related Month;
(xxiii) the amount Top Two Manufacturers and the Top Three Manufacturers as of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) (x) the Market Value Adjustment Percentage as of the end related Determination Date, (y) the Measurement Month Average and the aggregate Market Value of Non-Program Vehicles as of the prior Monthly Periodlast day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month; and
(xxvixxvii) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2010-1 Notes. On each Payment Date for the Series 2010-1 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2010-1 Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of Series 2010-1 Notes, the Paying Agent (if other than the Trustee), any time during other Note Owner of Series 2010-1 Notes, the preceding calendar year was a Noteholder, a statement Monthly Noteholders’ Statement for the Series 2010-1 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared by for the Series 2011-1 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee and each Rating Agency each such Monthly Noteholders’ Statement with respect to the Series 2011-1 Notes on or before the preceding Determination fourth Business Day before each Payment Date and (unless otherwise agreed to by the Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2011-1 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2011-1 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2011-1 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and, if applicable, during the related Series 2011-1 Amortization Principal Collection Period, and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly PrincipalAccrued Interest Amount, Class B Monthly Principal, Class C Monthly Principal Accrued Interest Amount and Class D Monthly Principal, respectivelythe Series 2011-1 Interest Amount for the next Payment Date;
(iii) the amount of such distribution allocable Series 2011-1 Invested Percentage with respect to Series 2011-1 Interest Collections and Principal Collections for the Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Notes and the Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectivelyNotes;
(iv) the total amount of Collections of Principal Receivables received during the related Monthly Period and allocated in respect to be distributed to Noteholders of the Class A Notes, Notes and the Class B Notes, Class C Notes and Class D Notes, respectivelyon the next succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Notes and the Class B Notes. Class C Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, the Adjusted Investor Interest, distribution allocable to interest on the Class A Investor Interest, the Class A Adjusted Investor Interest, Notes and the Class B Investor Interest, Notes on the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2011-1 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2011-1 Monthly Servicing Fee, the preceding Series 2011-1 Monthly Period Supplemental Servicing Fee, the Group VIII Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group VIII Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2011-1 Enhancement Amount, the Series 2011-1 Enhancement Deficiency, if any, the Series 2011-1 Minimum Enhancement Amount, the Series 2011-1 Required Enhancement Percentage, the Series 2011-1 DBRS Required Enhancement Percentage, the Series 2011-1 Moody’s Required Enhancement Percentage, the Series 2011-1 Liquidity Amount, the Series 2011-1 Minimum Liquidity Amount, the Series 2011-1 Cash Liquidity Amount, the Series 2011-1 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2011-Offs1 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2011-Offs1 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2011-Offs1 Available Subordinated Amount, Class D Investor Chargethe Series 2011-Offs 1 Minimum Subordinated Amount and other reductions the Series 2011-1 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2011-1 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Class A Monthly Interest Shortfall, if any, and the Class B Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeInvested Amount, the Class B Servicing FeeInvested Amount, the Class C Servicing Fee Series 2011-1 Invested Percentage and the Class D Servicing Fee for such Transfer Group VIII Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group VIII Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR for the Interest Period ending on total amount of Vehicle Disposition Losses during the day before such Payment DateRelated Month;
(xvi) the Pool Factor as total amount of Vehicle Disposition Recoveries during the end of the immediately preceding Monthly PeriodRelated Month;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Liens exist with respect to any of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateCollateral which are not permitted under the Related Documents;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Lease Event of Default or Servicer Default has occurred;
(xix) whether, to the Class C Reserve Account Amount and knowledge of the Annualized Excess Spread AmountMaster Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2011-1 Notes has occurred;
(xx) the Required Asset Amount, the Aggregate Asset Amount, the amount of Class A Available Fundsany Asset Amount Deficiency and the Exchange Agreement Group VIII Rights Value, Class B Available Fundsin each case, Class C Available Funds and Class D Available Funds on deposit in as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which Net Book Value of Program Vehicles and the Controlled Accumulation Period and/or Net Book Value of Non-Program Vehicles from each Manufacturer, the Rapid Amortization Period commencedrating of each such Manufacturer and the name of any Bankrupt Manufacturer, in each case, as of the last day of the Related Month;
(xxii) [Reserved]the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Group VIII Vehicles, and the Program Vehicle Percentage, in each case, as of the last day of the Related Month;
(xxiii) the amount number of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on Group VIII Vehicles of each Manufacturer as of the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) (x) the Market Value Adjustment Percentage as of the end related Determination Date, (y) the Measurement Month Average and the aggregate Market Value of Non-Program Vehicles as of the prior last day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month;
(xxvii) beginning with the Monthly PeriodNoteholders’ Statement to be delivered in September, 2011, the aggregate Capitalized Cost for all Group VIII Vehicles (other than Group VIII Vehicles subject to any Vehicle Disposition Program at the time of purchase thereof) as of the last day of the Related Month, as a percentage of the aggregate MSRP (Manufacturer Suggested Retail Price) of all such Group VIII Vehicles (determined as of the time of purchase thereof by RCFC);
(xxviii) with respect to each Manufacturer of Group VIII Vehicles, the percentage concentration of Group VIII Vehicles of such Manufacturer (i.e., the aggregate Net Book Value of Group VIII Vehicles of such Manufacturer as a percentage of the aggregate Net Book Value of all Group VIII Vehicles) compared to the percentage concentration of all Vehicles of such Manufacturer in RCFC’s fleet (i.e., the aggregate Net Book Value of Vehicles of such Manufacturer owned by RCFC as a percentage of the aggregate Net Book Value of all Vehicles owned by RCFC); and
(xxvixxix) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2011-1 Notes. On each Payment Date for the Series 2011-1 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2011-1 Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of Series 2011-1 Notes, the Paying Agent (if other than the Trustee), any time during other Note Owner of Series 2011-1 Notes requesting the preceding calendar year was a Noteholdersame and upon provision of evidence satisfactory to the Trustee as to its ownership interest, a statement the Monthly Noteholders’ Statement for the Series 2011-1 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Supplement to Amended and Restated Base Indenture (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared by for the Series 2011-2 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee each such Monthly Noteholders’ Statement with respect to the Series 2011-2 Notes on or before the preceding Determination fourth Business Day before each Payment Date and (unless otherwise agreed to by the Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2011-2 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2011-2 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2011-2 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and, if applicable, during the related Series 2011-2 Amortization Principal Collection Period, and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal Series 2011-2 Accrued Interest Amount and Class D Monthly Principal, respectivelythe Series 2011-2 Interest Amount for the next Payment Date;
(iii) the amount of such distribution allocable Series 2011-2 Invested Percentage with respect to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Series 2011-2 Interest Collections and Class D Monthly Interest, respectivelyPrincipal Collections for the Series 2011-2 Notes;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2011-2 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2011-2 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2011-2 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2011-2 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2011-2 Monthly Servicing Fee, the preceding Series 2011-2 Monthly Period Supplemental Servicing Fee, the Group VIII Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group VIII Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2011-2 Enhancement Amount, the Series 2011-2 Enhancement Deficiency, if any, the Series 2011-2 Minimum Enhancement Amount, the Series 2011-2 Required Enhancement Percentage, the Series 2011-2 DBRS Required Enhancement Percentage, the Series 2011-2 Xxxxx’x Required Enhancement Percentage, the Series 2011-2 Liquidity Amount, the Series 2011-2 Minimum Liquidity Amount, the Series 2011-2 Cash Liquidity Amount, the Series 2011-2 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2011-Offs2 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2011-Offs2 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2011-Offs2 Available Subordinated Amount, Class D Investor Chargethe Series 2011-Offs 2 Minimum Subordinated Amount and other reductions the Series 2011-2 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2011-2 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2011-2 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2011-2 Invested Amount, the Class B Servicing Fee, the Class C Servicing Fee Series 2011-2 Invested Percentage and the Class D Servicing Fee for such Transfer Group VIII Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group VIII Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR for the Interest Period ending on total amount of Vehicle Disposition Losses during the day before such Payment DateRelated Month;
(xvi) the Pool Factor as total amount of Vehicle Disposition Recoveries during the end of the immediately preceding Monthly PeriodRelated Month;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Liens exist with respect to any of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateCollateral which are not permitted under the Related Documents;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Lease Event of Default or Servicer Default has occurred;
(xix) whether, to the Class C Reserve Account Amount and knowledge of the Annualized Excess Spread AmountMaster Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2011-2 Notes has occurred;
(xx) the Required Asset Amount, the Aggregate Asset Amount, the amount of Class A Available Fundsany Asset Amount Deficiency and the Exchange Agreement Group VIII Rights Value, Class B Available Fundsin each case, Class C Available Funds and Class D Available Funds on deposit in as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which Net Book Value of Program Vehicles and the Controlled Accumulation Period and/or Net Book Value of Non-Program Vehicles from each Manufacturer, the Rapid Amortization Period commencedrating of each such Manufacturer and the name of any Bankrupt Manufacturer, in each case, as of the last day of the Related Month;
(xxii) [Reserved]the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Group VIII Vehicles, and the Program Vehicle Percentage, in each case, as of the last day of the Related Month;
(xxiii) the amount number of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on Group VIII Vehicles of each Manufacturer as of the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) (x) the Market Value Adjustment Percentage as of the end related Determination Date, (y) the Measurement Month Average and the aggregate Market Value of Non-Program Vehicles as of the last day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month;
(xxvii) the Third-Party Market Value Adjustment Percentage, if any, as of the immediately preceding Third-Party Market Value Determination Date (and, if such date is a Third-Party Market Value Determination Date, such date);
(xxviii) the aggregate Capitalized Cost for all Group VIII Vehicles (other than Group VIII Vehicles subject to any Vehicle Disposition Program at the time of purchase thereof) as of the last day of the Related Month, as a percentage of the aggregate MSRP (Manufacturer Suggested Retail Price) of all such Group VIII Vehicles (determined as of the time of purchase thereof by RCFC);
(xxix) with respect to each Manufacturer of Group VIII Vehicles, the percentage concentration of Group VIII Vehicles of such Manufacturer (i.e., the aggregate Net Book Value of Group VIII Vehicles of such Manufacturer as a percentage of the aggregate Net Book Value of all Group VIII Vehicles) compared to the percentage concentration of all Vehicles of such Manufacturer in RCFC’s fleet (i.e., the aggregate Net Book Value of Vehicles of such Manufacturer owned by RCFC as a percentage of the aggregate Net Book Value of all Vehicles owned by RCFC);
(xxx) (i) prior Monthly Periodto a Permitted Change in Control Transaction, in each case, to the extent relevant to a financial covenant then applicable pursuant to the definition of “Servicer Financial Covenant Event of Default”, (A) the Leverage Ratio of the Master Servicer and its Subsidiaries as of the related Determination Date, (B) as of the date used for purposes of the determination of such Leverage Ratio, the amount of Corporate Debt and Corporate EBITDA, (C) the Interest Coverage Ratio of the Master Servicer and its Subsidiaries for the most recent period of four consecutive Fiscal Quarters ending prior to the related Determination Date (D) for purposes of the determination of such Interest Coverage Ratio, the amount of Corporate EBITDA and Corporate Interest Expense for the applicable period and (E) such other information as is reasonably relevant to a financial covenant then applicable pursuant to the definition of “Servicer Financial Covenant Event of Default”; and (ii) after a Permitted Change in Control Transaction, such information relative to Permitted Change in Control Counterparty Financial Covenants as agreed pursuant to this Supplement (it being understood that such information shall be agreed by the Issuer and the Controlling Noteholder in connection with the determination of any such Specified Change in Control Counterparty Financial Covenants pursuant to Section 8.12 hereof); and
(xxvixxxi) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2011-2 Notes. On each Payment Date for the Series 2011-2 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2011-2 Notes, the Trustee shall distribute forward to each Person who at any time during Noteholder of record of Series 2011-2 Notes and the preceding calendar year was a NoteholderPaying Agent (if other than the Trustee), a statement the Monthly Noteholders’ Statement for the Series 2011-2 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this of the Series Supplement prepared by for the Series 2010-1 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee and each Rating Agency rating the Series 2010-1 Notes each such Monthly Noteholders’ Statement with respect to the Series 2010-1 Notes on or before the preceding Determination fourth Business Day before each Payment Date and (unless otherwise agreed to by the Trustee), a Monthly Noteholders’ Statement with respect to the Series 2010-1 Notes, in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2010-1 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2010-1 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2010-1 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal Series 2010-1 Interest Amount and Class D Monthly Principal, respectivelythe Series 2010-1 Interest Rate Cap Proceeds for the next Payment Date;
(iii) the amount Series 2010-1 Invested Percentage with respect to Series 2010-1 Interest Collections and Principal Collections for the Series 2010-1 Notes on the last day of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectivelythe Related Month;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2010-1 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2010-1 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2010-1 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2010-1 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2010-1 Monthly Servicing Fee, Series 2010-1 Monthly Supplemental Servicing Fee for the preceding Series 2010-1, the Group V Monthly Period Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group V Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2010-1 Enhancement Amount, the Series 2010-1 Enhancement Deficiency, if any, the Series 2010-1 Minimum Enhancement Amount, the Series 2010-1 Required Enhancement Percentage, the Series 2010-1 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2010-Offs1 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2010-Offs1 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2010-Offs1 Available Subordinated Amount, Class D Investor Chargethe Series 2010-Offs 1 Minimum Subordinated Amount and other reductions the Series 2010-1 Cash Collateral Account Surplus, in each case, as of the absence of principal distributions in next Payment Date after giving effect to any expected drawings on any applicable Enhancement and payments to the Investor Interests for such Transfer applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2010-1 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2010-1 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2010-1 Invested Amount, the Class B Servicing FeeSeries 2010-1 Invested Percentage, the Class C Servicing Fee Series 2010-1 Maximum Invested Amount and the Class D Servicing Fee for such Transfer Group V Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group V Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR the Pool Factor for such Series as of such date with respect to the Interest Period ending on the day before such next Payment Date;
(xvi) whether, to the Pool Factor as knowledge of the end Master Servicer, any Liens exist with respect to any of the immediately preceding Monthly PeriodCollateral which are not permitted under the Related Documents;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Lease Event of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateDefault or Servicer Default has occurred;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2010-1 Notes has occurred;
(xix) the Class C Reserve Account Required Asset Amount, the Aggregate Asset Amount, the amount of any Asset Amount Deficiency and the Annualized Excess Spread AmountExchange Agreement Group V Rights Value, in each case, as of the Determination Date;
(xx) the amount Net Book Value of Class A Available FundsProgram Vehicles and the Net Book Value of Non-Program Vehicles from each Manufacturer, Class B Available Fundsthe rating of each such Manufacturer and the name of any Bankrupt Manufacturer, Class C Available Funds and Class D Available Funds on deposit in each case, as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which ratios of the Controlled Accumulation Period and/or Non-Program Vehicles and the Rapid Amortization Period commencedProgram Vehicles, respectively, to all Vehicles;
(xxii) [Reserved]the number of Vehicles of each Manufacturer as of the last day of the Related Month;
(xxiii) the amount Top Two Manufacturers and the Top Three Manufacturers as of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) the Market Value Adjustment Percentage, the Measurement Month Average and the Program Vehicle Percentage as of the end last day of the prior Monthly PeriodRelated Month; and
(xxvixxvii) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2010-1 Notes. On each Payment Date for the Series 2010-1 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2010-1 Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of Series 2010-1 Notes, the Paying Agent (if other than the Trustee), any time during other Note Owner of Series 2010-1 Notes, the preceding calendar year was a Noteholder, a statement Monthly Noteholders’ Statement for the Series 2010-1 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Samples: Rental Car Asset Backed Variable Funding Notes, Series 2010 1 (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared by for the Series 2010-2 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer and delivered shall deliver to the Trustee and the Series 2010-2 Interest Rate Cap Counterparty each such Monthly Noteholders’ Statement with respect to the Series 2010-2 Notes on or before the preceding Determination fourth Business Day before each Payment Date and (unless otherwise agreed to by the Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2010-2 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2010-2 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2010-2 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly PrincipalSeries 2010-2 Accrued Interest Amount, Class B Monthly Principal, Class C Monthly Principal the Series 2010-2 Interest Amount and Class D Monthly Principal, respectivelythe Series 2010-2 Interest Rate Cap Proceeds for the next Payment Date;
(iii) the amount Series 2010-2 Invested Percentage with respect to Series 2010-2 Interest Collections and Principal Collections for the Series 2010-2 Notes on the last day of such distribution allocable to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectivelythe Related Month;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2010-2 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2010-2 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2010-2 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2010-2 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2010-2 Monthly Servicing Fee, the preceding Series 2010-2 Monthly Period Supplemental Servicing Fee, the Group VI Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group VI Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2010-2 Enhancement Amount, the Series 2010-2 Enhancement Deficiency, if any, the Series 2010-2 Minimum Enhancement Amount, the Series 2010-2 Required Enhancement Percentage, the Series 2010-2 Liquidity Amount, the Series 2010-2 Minimum Liquidity Amount, the Series 2010-2 Cash Liquidity Amount, the Series 2010-2 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2010-Offs2 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2010-Offs2 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2010-Offs2 Available Subordinated Amount, Class D Investor Chargethe Series 2010-Offs 2 Minimum Subordinated Amount and other reductions the Series 2010-2 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement to the Series 2010-2 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2010-2 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2010-2 Invested Amount, the Class B Servicing FeeSeries 2010-2 Invested Percentage, the Class C Servicing Fee Series 2010-2 Maximum Invested Amount and the Class D Servicing Fee for such Transfer Group VI Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group VI Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR for whether, to the Interest Period ending on knowledge of the day before such Payment DateMaster Servicer, any Liens exist with respect to any of the Collateral which are not permitted under the Related Documents;
(xvi) whether, to the Pool Factor as knowledge of the end Master Servicer, any Lease Event of the immediately preceding Monthly PeriodDefault or Servicer Default has occurred;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, of funds required any Amortization Event or Potential Amortization Event with respect to be withdrawn from the Accumulation Reserve Account for such Transfer DateSeries 2010-2 Notes has occurred;
(xviii) [Reserved]the Required Asset Amount, the Aggregate Asset Amount, the amount of any Asset Amount Deficiency and the Exchange Agreement Group VI Rights Value, in each case, as of the last day of the Related Month;
(xix) the Class C Reserve Account Amount Net Book Value of Vehicles from each Manufacturer and the Annualized Excess Spread Amountrating of each such Manufacturer;
(xx) the amount number of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit in Group VI Vehicles of each Manufacturer as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which average age of all Vehicles as of the Controlled Accumulation Period and/or last day of the Rapid Amortization Period commencedRelated Month;
(xxii) [Reserved]the average total monthly Depreciation Charges per Vehicle during the Related Month;
(xxiii) (x) the amount Market Value Adjustment Percentage as of Class A Prior Period Interestthe related Determination Date, Class B Prior Period Interest, Class C Prior Period Interest (y) the Measurement Month Average and Class D Prior Period Interest accrued on the Notesaggregate Market Value of Non-Program Vehicles as of the last day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month;
(xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations Third-Party Market Value Adjustment Percentage, if any, as of the end of the prior Monthly Periodimmediately preceding Third-Party Market Value Determination Date (and, expressed in dollars and as if such date is a percentage of the outstanding principal amount of Receivables in the Trust Estate;Third-Party Market Value Determination Date, such date); and
(xxv) any other information required to be included in the aggregate outstanding principal amount Monthly Noteholders’ Statement pursuant to the terms of Receivables that have not been funded as of Series Supplement for the end of the prior Monthly Period; and
(xxvi) such other items as are set forth in Exhibit F to this Series Supplement.
(b) Annual Noteholders' Tax Statement2010-2 Notes. On or before January 31 of each calendar year, beginning with calendar year 2005Payment Date for the Series 2010-2 Notes, the Trustee shall distribute forward to each Person who at any time during Noteholder of record of Series 2010-2 Notes and to the preceding calendar year was a Noteholder, a statement Paying Agent (if other than the Trustee) the Monthly Noteholders’ Statement for the Series 2010-2 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
Appears in 1 contract
Monthly Noteholders’ Statement. (a) On or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr to each NoteholderThe Master Servicer shall, with respect to each Notehxxxxx'x xxxxxxxx xxx to each Rating Agency cooperation of the Trustee, prepare a monthly statement substantially in the form of Exhibit E to this D of the Series Supplement prepared for the Series 2010-3 Notes (each, a “Monthly Noteholders’ Statement”). The Master Servicer shall deliver to the Trustee, each Rating Agency rating the Series 2010-3 Notes each such Monthly Noteholders’ Statement with respect to the Series 2010-3 Notes on or before the fourth Business Day before each Payment Date (unless otherwise agreed to by the Servicer and delivered to the Trustee on the preceding Determination Date and Trustee), in a Microsoft Excel electronic file (or similar electronic file), setting forth, among other thingsinter alia, the following information (which, in the case of subclauses clauses (iiv), (iiv) and (iiivi) below, shall be stated on the basis of an original principal expressed as a dollar amount of per $1,000 per Note of the original Principal Amount of the Series 2010-3 Notes and, in the case of subclauses clause (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal a dollar amount of per $1,000 per Noteof the original Principal Amount of the Series 2010-3 Notes):
(i) the total aggregate amount distributed to holders of NotesSeries 2010-3 Interest Collections processed since the prior Payment Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the amount of such distribution allocable to Class A Monthly PrincipalSeries 2010-3 Accrued Interest Amount, Class B Monthly Principal, Class C Monthly Principal the Series 2010-3 Interest Amount and Class D Monthly Principal, respectivelythe Series 2010-3 Interest Rate Cap Proceeds for the next Payment Date;
(iii) the amount of such distribution allocable Series 2010-3 Invested Percentage with respect to Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Series 2010-3 Interest Collections and Class D Monthly Interest, respectivelyPrincipal Collections for the Series 2010-3 Notes;
(iv) the total amount to be distributed to Noteholders of Collections of Principal Receivables received during Series 2010-3 Notes on the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelynext succeeding Payment Date;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of distribution allocable to principal on the Class A Notes, Class B Notes. Class C Series 2010-3 Notes and Class D Notes, respectivelyon the next Payment Date;
(vi) the aggregate amount of Principal Receivables, the Investor Interest, distribution allocable to interest on the Adjusted Investor Interest, Series 2010-3 Notes on the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodnext Payment Date;
(vii) the aggregate outstanding balance amount of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (orany drawing under any Enhancement, if cancellation was delayedany, whether due to a stay by reason of an Insured's bankruptcy or other reason, after for Series 2010-3 Notes for the date the policy would have been cancelled in the absence of such delay)next Payment Date;
(viii) the Aggregate Investor Default Amount as amount of the end of Series 2010-3 Monthly Servicing Fee, the preceding Series 2010-3 Monthly Period Supplemental Servicing Fee, the Group VII Monthly Servicing Fee and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount Group VII Supplemental Servicing Fee for the related Transfer next Payment Date;
(ix) the aggregate amount Series 2010-3 Enhancement Amount, the Series 2010-3 Enhancement Deficiency, if any, the Series 2010-3 Minimum Enhancement Amount, the Series 2010-3 Required Enhancement Percentage, the Series 2010-3 Liquidity Amount, the Series 2010-3 Minimum Liquidity Amount, the Series 2010-3 Cash Liquidity Amount, the Series 2010-3 Letter of Class A Investor ChargeCredit Amount, if any, the Series 2010-Offs3 Letter of Credit Liquidity Amount, Class B Investor Chargeif any, the Series 2010-Offs3 Minimum Letter of Credit Amount, Class C Investor Chargethe Series 2010-Offs3 Available Subordinated Amount, Class D Investor Chargethe Series 2010-Offs 3 Minimum Subordinated Amount and other reductions the Series 2010-3 Cash Collateral Account Surplus, in each case, as of the absence last day of principal distributions in the Investor Interests for such Transfer Related Month after giving effect to any expected drawings on any applicable Enhancement and payments to the applicable Enhancement Provider on the next Payment Date;
(x) the aggregate ratio of the amount available under the applicable Enhancement, to the Series 2010-3 Invested Amount as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs the next Payment Date after giving effect to any expected drawings on the applicable Enhancement and other reductions in payments to the absence of principal distributions in applicable Enhancement Provider on the Investor Interests deemed to have been reimbursed on such Transfer next Payment Date;
(xi) outstanding principal balance the amount of any LOC Disbursements expected to be made with respect to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the next Payment Date;
(xii) [Reserved]the Series 2010-3 Monthly Interest Shortfall, if any, with respect to the next Payment Date;
(xiii) the amount of the Class A Servicing FeeSeries 2010-3 Invested Amount, the Class B Servicing FeeSeries 2010-3 Invested Percentage, the Class C Servicing Fee Series 2010-3 Maximum Invested Amount and the Class D Servicing Fee for such Transfer Group VII Aggregate Invested Amount with respect to the next Payment Date;
(xiv) the amount of Reallocated Class D Principal CollectionsRetained Interest Amount, Reallocated Class C Principal Collections if any, and Reallocated Class B Principal Collections the Retained Interest Percentage with respect to such Payment Dateall outstanding Group VII Series of Notes as of the close of business on the last day of the Related Month;
(xv) LIBOR for the Interest Period ending on total amount of Losses during the day before such Payment DateRelated Month;
(xvi) the Pool Factor as total amount of Recoveries during the end of the immediately preceding Monthly PeriodRelated Month;
(xvii) whether, to the Available Accumulation Reserve Account Amount and knowledge of the amountMaster Servicer, if any, any Liens exist with respect to any of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateCollateral which are not permitted under the Related Documents;
(xviii) [Reserved]whether, to the knowledge of the Master Servicer, any Lease Event of Default or Servicer Default has occurred;
(xix) whether, to the Class C Reserve Account Amount and knowledge of the Annualized Excess Spread AmountMaster Servicer, any Amortization Event or Potential Amortization Event with respect to the Series 2010-3 Notes has occurred;
(xx) the Required Asset Amount, the Aggregate Asset Amount, the amount of Class A Available Fundsany Asset Amount Deficiency and the Exchange Agreement Group VII Rights Value, Class B Available Fundsin each case, Class C Available Funds and Class D Available Funds on deposit in as of the Finance Charge Account on last day of the related Transfer DateRelated Month;
(xxi) the date on which Net Book Value of Program Vehicles and the Controlled Accumulation Period and/or Net Book Value of Non-Program Vehicles from each Manufacturer, the Rapid Amortization Period commencedrating of each such Manufacturer and the name of any Bankrupt Manufacturer, in each case, as of the last day of the Related Month;
(xxii) [Reserved]the ratios of the Non-Program Vehicles and the Program Vehicles, respectively, to all Group VII Vehicles, and the Program Vehicle Percentage, in each case, as of the last day of the Related Month;
(xxiii) the amount number of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on Group VII Vehicles of each Manufacturer as of the Noteslast day of the Related Month;
(xxiv) the aggregate outstanding principal amount average age of Deferred Payment Obligations all Program Vehicles and average age of all Non-Program Vehicles as of the end last day of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust EstateRelated Month;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded average total monthly Depreciation Charges per Program Vehicle and per Non-Program Vehicle during the Related Month;
(xxvi) (x) the Market Value Adjustment Percentage as of the end related Determination Date, (y) the Measurement Month Average and the aggregate Market Value of Non-Program Vehicles as of the last day of the Related Month and (z) the Measurement Month Average used to determine the Market Value Adjustment Percentage as of the related Determination Date if different than the Measurement Month Average as of the last day of the Related Month;
(xxvii) (i) prior Monthly Periodto a Specified Change in Control Transaction, (x) the Tangible Net Worth of the Master Servicer and its Subsidiaries as of the related Determination Date, (y) as of the date used for purposes of the determination of such Tangible Net Worth, the amount of Unrestricted Cash and Cash Equivalent Investments and (z) a certification as to whether or not a Servicer Unrestricted Cash Event of Default has occurred since the immediately preceding Determination Date, and (ii) after a Specified Change in Control Transaction, such information relative to Specified Change in Control Counterparty Financial Covenants as agreed pursuant to this Supplement (it being understood that such information shall be agreed by the Issuer and the Series 2010-3 Majority Noteholders in connection with the determination of any such Specified Change in Control Counterparty Financial Covenants pursuant to Section 8.11 hereof); and
(xxvixxviii) any other information required to be included in the Monthly Noteholders’ Statement pursuant to the terms of Series Supplement for the Series 2010-3 Notes. On each Payment Date for the Series 2010-3 Notes or at such other items times as are set forth specified in Exhibit F to this the Series Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005Supplement for the Series 2010-3 Notes, the Trustee shall distribute forward to each Person who at Noteholder of record of Series 2010-3 Notes, the Paying Agent (if other than the Trustee), any time during other Note Owner of Series 2010-3 Notes, the preceding calendar year was a Noteholder, a statement Monthly Noteholders’ Statement for the Series 2010-3 Notes prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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 effectMaster Servicer.
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Samples: Series Supplement (Dollar Thrifty Automotive Group Inc)
Monthly Noteholders’ Statement. (a) On or before each Payment Distribution Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr forward to each NoteholderNoteholder of record of all outstanding Series, with respect to each Notehxxxxx'x xxxxxxxx xxx to each the Rating Agency Agencies, the Paying Agent (if other than the Trustee) and any Enhancement Provider a statement substantially in the form of Exhibit E to this Series Supplement D (each, a "Monthly Noteholders' Statement") prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, forth the following information (which, in the case of subclauses clauses (iiii), (iiiv) and (iiiv) below, shall be stated on expressed as a dollar amount per $1,000 of the basis of an original principal amount of $1,000 per Note the Notes of such Series and, in the case of subclauses clause (ix), (xviii) and (xi) below shall be stated on an aggregate basis and on the basis of an a dollar amount per $1,000 of the original principal amount of $1,000 per Notethe Notes of such Series):
(i) the total aggregate amount distributed to holders of NotesInterest Collections processed since the prior Distribution Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods;
(ii) the Invested Percentage with respect to Interest Collections and Principal Collections for such Series on the last day of the Related Month;
(iii) the total amount to be distributed to Noteholders of such Series on the next succeeding Distribution Date;
(iv) the amount of such distribution allocable to principal on each Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal and Class D Monthly Principal, respectivelyof the Notes of such Series;
(iiiv) the amount of such distribution allocable to interest on each Class A Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interest, respectively;
(iv) the amount of Collections of Principal Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectively;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes. Class C Notes and Class D Notes, respectivelysuch Series;
(vi) the aggregate amount of Principal Receivablesany drawing under any Enhancement, the Investor Interestif any, the Adjusted Investor Interest, the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as of the end of the preceding Monthly Periodfor such Series for such Distribution Date;
(vii) the aggregate outstanding balance of Receivables which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 days and more than 150 days delinquent, respectively, following cancellation amount of the related insurance policies in accordance with the Servicer's then existing Guidelines as of the end of the preceding Monthly Period (or, if cancellation was delayed, whether due to a stay by reason of an Insured's bankruptcy or other reason, after the date the policy would have been cancelled in the absence of Servicing Fee for such delay)Series for such Distribution Date;
(viii) the Aggregate Investor Default Amount amount available under the applicable Enhancement, if any, for such Series as of the end close of business on such Distribution Date after giving effect to any drawings on the preceding Monthly Period applicable Enhancement and payments to the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount for the related Transfer applicable Enhancement Provider on such Distribution Date;
(ix) the aggregate ratio of the amount of Class A Investor Charge-Offsavailable under the applicable Enhancement, Class B Investor Charge-Offsif any, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in to the absence of principal distributions in the Investor Interests Invested Amount for such Transfer Series as of the close of business on such Distribution Date after giving effect to any drawings on the applicable Enhancement and payments to the applicable Enhancement Provider on such Distribution Date;
(x) the aggregate amount Pool Factor, if any, for such Series as of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence end of principal distributions in the Investor Interests deemed Record Date with respect to have been reimbursed on such Transfer Distribution Date;
(xi) outstanding principal balance whether, to the knowledge of the Class A NotesServicer, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as any Liens exist with respect to any of the end of Collateral which are not permitted under the day on the Payment DateRelated Documents;
(xii) [Reserved]the Aggregate Asset Amount, the Aggregate Non-Repurchase Asset Amount, the Aggregate Segregated Asset Amount and the amount of any Asset Amount Deficiency;
(xiii) the amount of the Class A Servicing Fee, the Class B Servicing Fee, the Class C Servicing Fee Carryover Controlled Amortization Amount and the Class D Servicing Fee Controlled Amortization Amount (as such terms are defined for any Series or class of Notes in the related Placement Supplement) for such Transfer Distribution Date;
(xiv) the amount Net Book Value of Reallocated Class D Principal Collections, Reallocated Class C Principal Collections Repurchase Vehicles (including the Net Book Value of Segregated Repurchase Vehicles for each Segregated Series of Notes) and Reallocated Class B Principal Collections with respect to such Payment Datethe Net Book Value and Non-Repurchase Vehicle Value of Non-Repurchase Vehicles as of the last day of the Related Month;
(xv) LIBOR for the Interest Period ending on ratios of the day before such Payment DateNet Book Value of Non-Repurchase Vehicles and the Repurchase Vehicles, respectively, to the Net Book Value of all Vehicles;
(xvi) the Pool Factor Net Book Value of Vehicles of each Manufacturer as of the end last date of the immediately preceding Monthly PeriodRelated Month;
(xvii) the Available Accumulation Reserve Account Amount average age of all Repurchase Vehicles and average age of all Non-Repurchase Vehicles as of the amount, if any, last day of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer DateRelated Month;
(xviii) [Reserved]the average total monthly Depreciation Charges per Repurchase Vehicle and per Non- Repurchase Vehicle during the Related Month;
(xix) the Class C Reserve Account Amount and Net Book Value of any Vehicles identified as stolen or a Casualty during the Annualized Excess Spread AmountRelated Month;
(xx) the amount Net Book Value of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit in the Finance Charge Account on the related Transfer Date;any Vehicles manufactured by Mazda; and
(xxi) the date on which the Controlled Accumulation Period and/or the Rapid Amortization Period commenced;
(xxii) [Reserved];
(xxiii) the amount of Class A Prior Period Interestwith respect to any Series, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Notes;
(xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations as of the end of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables such additional information specified in the Trust Estate;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded as of the end of the prior Monthly Period; and
(xxvi) such other items as are set forth in Exhibit F to this Series related Supplement.
(b) Annual Noteholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 2005, the Trustee shall distribute to each Person who at any time during the preceding calendar year was a Noteholder, a statement prepared by the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, 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 the Trustee deems necessary or desirable to enable the Noteholders to prepare their tax returns. 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.
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Monthly Noteholders’ Statement. (a) On The Required Persons may at any Date after the Series 2007-A Closing Date, by giving prior notice of at least sixty (60) days, request that on or before each Payment Date, the Trustee shall make available via its Website, initially located at www.jpmorgan.com/sfr forward to each Noteholder, with respect to each Notehxxxxx'x xxxxxxxx xxx Noteholder’s interest, and to each Rating Agency and Notice Person, a statement substantially in the form of Exhibit E to this Series Supplement prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and 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 Note and, in the case of subclauses (ix), (x) and (xi) shall be stated on an aggregate basis and on the basis of an original principal amount of $1,000 per Note):information:
(i) the total amount distributed to holders Holders of Notes;
(ii) the amount of such distribution allocable to Class A Monthly Principal, Class B Monthly Principal, Class C Monthly Principal and Class D Monthly Principal, respectively;
(iii) the amount of such distribution allocable to Class Trustee Fees and Expenses, the Series 2007-A Servicing Fee and Servicer’s expenses, Monthly Interest, Class A Deficiency Amounts, Class A Additional Interest, Class B Monthly Interest, Class B Deficiency Amounts, Class B Additional Interest, Class C Monthly Interest, Class C Deficiency Amounts, Class C Additional Interest and Class D Monthly Interestthe Fee Amount, respectively;
(iv) the amount of Collections of Principal Receivables Series 2007-A Collections, received during the related Monthly Period and allocated in respect of the Class A Notes, Class B Notes, Class C Notes and Class D Notes, respectivelySettlement Period;
(v) the amount of Collections of Finance Charge Receivables received during the related Monthly Period and allocated in respect aggregate Unpaid Principal Balance of the Class Loans of the Series 2007-A NotesAsset Pool, Class B Notes. Class C Notes and Class D Notes, respectivelyas of the end of the preceding Settlement Period;
(vi) the aggregate amount Unpaid Principal Balance of Principal Receivables, the Investor Interest, the Adjusted Investor Interest, the Class A Investor Interest, the Class A Adjusted Investor Interest, the Class B Investor Interest, the Class B Adjusted Investor Interest, the Class C Investor Interest, the Class C Adjusted Investor Interest, the Class D Investor Interest, the Floating Investor Percentage, the Class A Floating Allocation, the Class B Floating Allocation, the Class C Floating Allocation, the Class D Floating Allocation and the Fixed Investor Percentage with respect to the Principal Receivables in the Trust as Loans of the end of the preceding Monthly Period;
(vii) the aggregate outstanding balance of Receivables Series 2007-A Asset Pool which were 1-30 days, 31-60 days, 61-90 days, 91-120 days, 121-150 180 days and more than 150 180 days delinquent, respectively, following cancellation of the related insurance policies in accordance with the Servicer's ’s then existing Guidelines Credit and Collection Policy as of the end of the preceding Monthly Period (or, if cancellation was delayed, whether due to a stay by reason of an Insured's bankruptcy or other reason, after the date the policy would have been cancelled in the absence of such delay)Settlement Period;
(viiivii) the Aggregate Delinquency Rate, the Series 2007-A Investor Default Amount Amount, as of the end of the preceding Monthly Period and the Class A Investor Default Amount, the Class B Investor Default Amount, the Class C Investor Default Amount and the Class D Investor Default Amount for the related Transfer DateSettlement Period;
(ixviii) the aggregate amount of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests for such Transfer Date;
(x) the aggregate amount of Class A Investor Charge-Offs, Class B Investor Charge-Offs, Class C Investor Charge-Offs, Class D Investor Charge-Offs and other reductions in the absence of principal distributions in the Investor Interests deemed to have been reimbursed on such Transfer Date;
(xi) outstanding principal balance Unpaid Principal Balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, respectively, as of the end of the day on the Payment Date;
(xiiix) [Reserved]Increases and Decreases in the Notes during the related Interest Period, and the average daily balance of the Notes for the related Interest Period;
(xiiix) the amount of the Class A Servicing Fee, the Class B Servicing Fee, the Class C Servicing Fee and the Class D Servicing Fee for such Transfer Date;
(xiv) the amount of Reallocated Class D Principal Collections, Reallocated Class C Principal Collections and Reallocated Class B Principal Collections with respect to such Payment Date;
(xv) LIBOR Note Rate for the Interest Period ending on the day before such Payment Date;
(xvixi) the Pool Factor date on which the Rapid Amortization Period commenced; and
(xii) the Minimum Issuer Interest and the Available Issuer Interest for the Series 2007-A Asset Pool, as of the end of the immediately preceding Monthly Settlement Period;
(xvii) the Available Accumulation Reserve Account Amount and the amount, if any, of funds required to be withdrawn from the Accumulation Reserve Account for such Transfer Date;
(xviii) [Reserved];
(xix) the Class C Reserve Account Amount and the Annualized Excess Spread Amount;
(xx) the amount of Class A Available Funds, Class B Available Funds, Class C Available Funds and Class D Available Funds on deposit in the Finance Charge Account on the related Transfer Date;
(xxi) the date on which the Controlled Accumulation Period and/or the Rapid Amortization Period commenced;
(xxii) [Reserved];
(xxiii) the amount of Class A Prior Period Interest, Class B Prior Period Interest, Class C Prior Period Interest and Class D Prior Period Interest accrued on the Notes;
(xxiv) the aggregate outstanding principal amount of Deferred Payment Obligations as of the end of the prior Monthly Period, expressed in dollars and as a percentage of the outstanding principal amount of Receivables in the Trust Estate;
(xxv) the aggregate outstanding principal amount of Receivables that have not been funded as of the end of the prior Monthly Period; and
(xxvi) such other items as are set forth in Exhibit F to this Series Supplement.
(b) Annual Noteholders' ’ Tax Statement. On or before January 31 of each calendar year, beginning with the calendar year 20052008, the Trustee shall distribute to each Person who at any time during the preceding calendar year was a Noteholder, a statement prepared by the Servicer and delivered to the Trustee containing the information required to be contained in the regular monthly report to Noteholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Noteholder, together with such other customary or necessary information (consistent with the treatment of the Notes as debt) as requested by the Trustee deems necessary or desirable Required Persons to enable the Noteholders to prepare their tax returns. Such obligations of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Servicer pursuant to any requirements of the Code as in effect from time to time in effecttime.
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