Common use of Monthly Noteholders’ Statement Clause in Contracts

Monthly Noteholders’ Statement. (a) On or before each Settlement Date, the Trustee shall make available to each Noteholder, each Rating Agency, and each Notice Person via the Trustee’s website a statement substantially in the form of Exhibit B hereto prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, the following information: (i) the total amount distributed to holders of Notes; (ii) the amount of such distribution allocable to principal; (iii) the amount of such distribution allocable to Trustee Fees and Expenses, Custodian fees and expenses, Monthly Interest, Deficiency Amounts, Additional Interest and the Fee Amounts, respectively; (iv) the aggregate Outstanding Balance of Receivables which were Delinquent Receivables as of the end of the preceding Monthly Period; (v) the aggregate Outstanding Balance of Receivables which were Defaulted Receivables as of the end of the preceding Monthly Period; (vi) the Required Spread Maintenance Reserve Amount and the balance on deposit in the Spread Maintenance Account as of the end of the day on the Settlement Date; (vii) outstanding Note Balance, as of the end of the day on the Settlement Date; (viii) increases and decreases in the Notes during the related Settlement Period, and the average daily balance of the Notes for the related Settlement Period; (ix) the amount of the Servicing Fee for the related Settlement Period; (x) the Note Rate for the related Settlement Period; and (xi) if applicable, the date on which the Rapid Amortization Period commenced.

Monthly Noteholders’ Statement. (a) On or before each Settlement Date, the Trustee shall make available to each Noteholder, each Rating Agency, Noteholder and each Notice Person via the Trustee’s website a statement substantially in the form of Exhibit B hereto prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, the following information: (i) the total amount distributed to holders of NotesNoteholders; (ii) the amount of such distribution allocable to principal; (iii) the amount of such distribution allocable to Trustee Fees and Expenses, Custodian fees and expenses, Monthly Interest, Deficiency Amounts, Additional Interest and the Fee Amounts, respectively; (iv) the aggregate Outstanding Balance of Receivables which were Delinquent Receivables as of the end of the preceding Monthly Period; (v) the aggregate Outstanding Balance of Receivables which were Defaulted Receivables as of the end of the preceding Monthly Period; (vi) the Required Spread Maintenance Reserve Amount and the balance on deposit in the Spread Maintenance Account as of the end of the day on the Settlement Date; (vii) the outstanding Note Balance, as of the end of the day on the Settlement Date; (viii) increases and decreases in the Notes during the related Settlement Period, and the average daily balance of the Notes for the related Settlement Period; (ix) the amount of the Servicing Fee for the related Settlement Period; (x) the Note Rate for the related Settlement Period; and (xi) if applicable, the date on which the Rapid Amortization Period commenced.

Monthly Noteholders’ Statement. (a) On or before each Settlement Date, the Trustee shall make available to each Noteholder, each Rating Agency, Noteholder and each Notice Person via the Trustee’s website a statement substantially in the form of Exhibit B hereto prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, the following information: (i) the total amount distributed to holders of NotesNoteholders; (ii) the amount of such distribution allocable to principal; (iii) the amount of such distribution allocable to Trustee Fees and Expenses, Custodian fees and expenses, Monthly Interest, Deficiency Amounts, Additional Interest and the Fee Amounts, respectively; (iv) the aggregate Outstanding Balance of Receivables which were Delinquent Receivables as of the end of the preceding Monthly Period; (v) the aggregate Outstanding Balance of Receivables which were Defaulted Receivables as of the end of the preceding Monthly Period; (vi) the Required Spread Maintenance Reserve Amount and the balance on deposit in the Spread Maintenance Account as of the end of the day on the Settlement Date; (vii) outstanding Note Balance, as of the end of the day on the Settlement Date; (viii) increases and decreases in the Notes during the related Settlement Period, and the average daily balance of the Notes for the related Settlement Period; (ix) the amount of the Servicing Fee for the related Settlement Period; (x) the Note Rate for the related Settlement Period; and (xi) if applicable, the date on which the Rapid Amortization Period commenced.

Monthly Noteholders’ Statement. (a) On or before each Settlement Date, the Trustee shall make available to each Noteholder, each Rating Agency, and each Notice Person via the Trustee’s website a statement substantially in the form of Exhibit B hereto prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, the following information: (i) the total amount distributed to holders of Notes; (ii) the amount of such distribution allocable to principal; (iii) the amount of such distribution allocable to Trustee Fees and Expenses, Custodian fees and expenses, Monthly Interest, Deficiency Amounts, Additional Interest and the Fee Amounts, respectively; (iv) the aggregate Outstanding Balance of Receivables which were Delinquent Receivables as of the end of the preceding Monthly Period; (v) the aggregate Outstanding Balance of Receivables which were Defaulted Receivables as of the end of the preceding Monthly Period; (vi) the Required Spread Maintenance Reserve Required Amount and the balance on deposit in the Spread Maintenance Account as of the end of the day on the Settlement Date; (vii) outstanding Note Balance, as of the end of the day on the Settlement Date; (viii) increases and decreases in the Notes during the related Settlement Period, and the average daily balance of the Notes for the related Settlement Period; (ix) the amount of the Servicing Fee for the related Settlement Period; (x) the Note Rate for the related Settlement Period; and (xi) if applicable, the date on which the Rapid Amortization Period commenced.