Common use of Monthly Reports to Noteholders Clause in Contracts

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xi) the Cumulative Loss Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixviii) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (xix) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xix) the Cumulative Loss Ratio as of such Distribution Date; (xiixi) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxiii) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxiv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixv) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[reserved]; (viii) [reserved]; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit EXHIBIT I hereto (the “Monthly Report”"MONTHLY REPORT") setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder's principal distribution; (ii) the amount of Noteholders’ Noteholder's interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 3031-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send via first class mail a paper copy of the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[reserved]; (viii) [reserved]; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as amount of such Distribution Datethe Yield Supplement Overcollateralization Amount, if any; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xviii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixix) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each NoteholderNoteholder [and the [Swap][Cap] Counterparty], a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund Fund[, the Risk Retention Reserve Account] or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund [and the Risk Retention Reserve Account] after giving effect to all deposits and withdrawals from the Reserve Fund [and the Risk Retention Reserve Account] on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the each Class A-2b of Floating Rate Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) [the amount of any Net [Swap][Cap] Payments or Net Swap Receipts;] (x) [the amount of any unpaid Senior [Swap][Cap] Termination Payment and Subordinated [Swap][Cap] Termination Payment;] (xi) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixiii) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder Certificateholder[s] to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, Noteholder and deliver to each Certificateholder that is not the Trust Depositor or an Affiliate thereof a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the Certificate Principal Distributable Amount, (iv) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (ivv) the amount of any Note Interest Carryover Shortfall, Note Principal Carryover Shortfall and Certificate Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (vvi) the Note Pool Factor for each Class of Notes as and the Certificate Pool Factor, in each case of such Distribution Date; (vivii) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notesdate; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date and the remaining Certificate Balance after giving effect to the distribution of principal to each Certificate to be made on such Distribution Date; (ix) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xi) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN TERMINATION

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xi) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of any distributions made to Certificateholders; (iv) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Indenture Trustee Fee and the Indenture Trustee Asset Representations Reviewer Fee; (ivv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (vvi) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vivii) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (viiviii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[Reserved]; (viiiix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder Certificateholders to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR 30-Day Average SOFR (or the applicable Unadjusted Benchmark Replacement) for the related Interest Period and the interest rate on the Class A-2b NotesFloating Rate Notes for the related Interest Period; (viii) the making of any Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as amount of such Distribution Datethe Yield Supplement Overcollateralization Amount, if any; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at hxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, Noteholder a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Datedate; (vii) LIBOR for the related Interest Period such Distribution Date and the interest rate on the each Class A-2b of Floating Rate Notes; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xi) the Cumulative Loss Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period relating to such Distribution Date and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, Noteholder a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Datedate; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixviii) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (xix) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xix) the Cumulative Loss Ratio as of such Distribution Date; (xiixi) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period relating to such Distribution Date and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiiixii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer Agreement with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiii) the aggregate Principal Balance and Sale number of Contracts that were purchased by the Servicer pursuant to the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixv) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, Noteholder and deliver to each Certificateholder that is not the Trust Depositor or an Affiliate thereof a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the Certificate Principal Distributable Amount, (iv) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (ivv) the amount of any Note Interest Carryover Shortfall, Note Principal Carryover Shortfall and Certificate Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (vvi) the Note Pool Factor for each Class of Notes as and the Certificate Pool Factor, in each case of such Distribution Date; (vivii) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notesdate; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date and the remaining Certificate Balance after giving effect to the distribution of principal to each Certificate to be made on such Distribution Date; (ix) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xi) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period relating to such Distribution Date and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xvi) the amount otherwise distributable on the Class C Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR (or the applicable Benchmark Replacement) for the related Interest Period and the interest rate on the Class A-2b Floating Rate Notes; (viii) the making of any Benchmark Replacement Conforming Changes; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xviii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixix) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN TERMINATION

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[reserved]; (viii) [reserved]; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreement.stability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit EXHIBIT I hereto (the “Monthly Report”"MONTHLY REPORT") setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder's principal distribution; (ii) the amount of Noteholders’ Noteholder's interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 3031-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired repurchased by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Repurchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send via first class mail a paper copy of the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixviii) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xix) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xix) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixi) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxiii) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxiv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixv) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[reserved]; (viii) [reserved]; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at hxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xviii) the amount otherwise distributable on the Class C Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xix) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixx) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “"Monthly Report”") setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder's principal distribution; (ii) the amount of Noteholders’ Noteholder's interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Datedate; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class class of Notes to be made on such Distribution Date; (ixviii) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xix) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses for such Due Period; (x) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xi) the Cumulative Loss Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiiixii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxiii) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxiv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixv) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes[reserved]; (viii) [reserved]; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Basic Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet web sites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit EXHIBIT I hereto (the “Monthly Report”"MONTHLY REPORT") setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder's principal distribution; (ii) the amount of Noteholders’ Noteholder's interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 3031-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send via first class mail a paper copy of the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each NoteholderNoteholder [and the [Swap][Cap] Counterparty], a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund Fund[, the Risk Retention Reserve Account] or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund [and the Risk Retention Reserve Account] after giving effect to all deposits and withdrawals from the Reserve Fund [and the Risk Retention Reserve Account] on such Distribution Date; (vii) LIBOR [30-day Average SOFR] for the related Interest Period and the interest rate on the each Class A-2b of Floating Rate Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) [the amount of any Net [Swap][Cap] Payments or Net Swap Receipts;] (x) [the amount of any unpaid Senior [Swap][Cap] Termination Payment and Subordinated [Swap][Cap] Termination Payment;] (xi) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixiii) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder Certificateholder[s] to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at [ ]. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at ([__]) [__]-[____]. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each NoteholderNoteholder [and the [Swap][Cap] Counterparty], a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the each Class A-2b of Floating Rate Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) [the amount of any Net [Swap][Cap] Payments or Net Swap Receipts;] (x) [the amount of any unpaid Senior [Swap][Cap] Termination Payment and Subordinated [Swap][Cap] Termination Payment;] (xi) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixiii) the Cumulative Loss Ratio as of such Distribution Date[Reserved]; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder Certificateholder[s] to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Datedate; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notes; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class class of Notes to be made on such Distribution Date; (ixviii) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xix) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses for such Due Period; (x) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xi) the Cumulative Loss Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiiixii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer Agreement with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiii) the aggregate Principal Balance and Sale number of Contracts that were purchased by the Servicer pursuant to the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xv) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN TERMINATION

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each NoteholderNoteholder [and the Swap Counterparty], a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the each Class A-2b of Floating Rate Notes; (viii) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ix) [the amount of any Net Swap Payments or Net Swap Receipts;] (x) [the amount of any unpaid Senior Swap Termination Payment and Subordinated Swap Termination Payment;] (xi) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixiii) the Cumulative Loss Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN TERMINATION

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xivxvi) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xvxvii) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xviii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixix) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.. ARTICLE TEN TERMINATION

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR 30-Day Average SOFR (or Term SOFR or the applicable Unadjusted Benchmark Replacement) for the related Interest Period and the interest rate on the Class A-2b NotesFloating Rate Notes for the related Interest Period; (viii) the making of any Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee, the Asset Representations Reviewer Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR 30-Day Average SOFR (or Term SOFR or the applicable Benchmark Replacement) for the related Interest Period and the interest rate on the Class A-2b NotesFloating Rate Notes for the related Interest Period; (viii) the making of any Benchmark Replacement Conforming Changes or SOFR Adjustment Conforming Changes; (ix) the remaining Outstanding Amount of each Class of Notes after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date; (ixx) the number and aggregate Principal Balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, assuming 30-day months, computed as of the end of the related Due Period; (xxi) the number and aggregate Principal Balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixii) the Cumulative Loss Ratio as of such Distribution Date[reserved]; (xiixiii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due Period); (xiiixiv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxv) the aggregate Principal Balance and number of Contracts that were repurchased by the Depositor or purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxvi) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixvii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base database to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iv) and (v) of this Section, attributable to such Noteholder[Reserved]. (c) The Indenture Trustee shall send will make the Monthly Report statement to (i) Noteholders available each month to Noteholders and other parties to the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of Transaction Documents via the Indenture Trustee’s internet website, which is presently located at xxxx://xx.xxxxxxxxxx.xxx. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (000) 000-0000. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and (ii) each Securityholder to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or party internet or intranet websites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to this Agreementstability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article Seven, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each NoteholderNoteholder [and the Swap Counterparty], a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ principal distribution; (ii) the amount of Noteholders’ interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall on such Distribution Date and the change in such amount with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate amount of any Mandatory Redemption to be made on the Class A-2b Notessuch Distribution Date; (viii) for each Distribution Date during the Pre-Funding Period, the remaining Outstanding Amount Pre-Funded Amount; (ix) for each Distribution Date during the Pre-Funding Period and the Distribution Date immediately following the end of each Class the Pre-Funding Period, the Principal Balance and number of Notes Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class of Notes to be made on such Distribution Date; (ixxi) [the amount of any Net Swap Payments or Net Swap Receipts;] (xii) [the amount of any unpaid Senior Swap Termination Payment and Subordinated Swap Termination Payment;] (xiii) LIBOR for the Interest Period commencing on such Distribution Date and the interest rate on each Class of Floating Rate Notes; (xiv) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 or more days, computed as of the end of the related Due Period; (xxv) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of such Distribution Date; (xixvi) the Cumulative Loss Ratio as of such Distribution Date; (xiixvii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixviii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xivxix) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for such Contracts; (xvxx) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date and the amount, if any, of unreimbursed Advances in respect of prior Distribution Dates; and (xvixxi) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(i), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, to forward or otherwise make available via internet to each Noteholder, Noteholder and deliver to each Certificateholder that is not the Trust Depositor or an Affiliate thereof a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following information: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the Certificate Principal Distributable Amount, (iv) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (ivv) the amount of any Note Interest Carryover Shortfall, Note Principal Carryover Shortfall and Certificate Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (vvi) the Note Pool Factor for each Class of Notes as and the Certificate Pool Factor, in each case of such Distribution Date; (vivii) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such Distribution Date; (vii) LIBOR for the related Interest Period and the interest rate on the Class A-2b Notesdate; (viii) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal to each Class of Notes to be made on such Distribution Date and the remaining Certificate Balance after giving effect to the distribution of principal to each Certificate to be made on such Distribution Date; (ix) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (x) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xi) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xii) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due Period); (xiii) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xiv) the aggregate Principal Balance and number of Contracts that were purchased by the Servicer pursuant to this the Agreement during with respect to the related Due Period, identifying the Purchase Price for such Contracts; (xv) the amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xvi) the amount otherwise distributable on the Class C Notes that has instead been distributed to one or more senior Classes of Notes on such Distribution Date; (xvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iv) and (v) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.

Monthly Reports to Noteholders. (a) On or before two Business Days prior to each Distribution Date, the Servicer shall prepare and, concurrently with each distribution to Noteholders pursuant to Article SevenVII, deliver to the Indenture Trustee, in its capacity as Note Registrar and Paying Agent, shall cause to forward or otherwise make available via internet be delivered and mailed to each Noteholder, Noteholder at the addresses appearing on the Note Register a statement as of the related Distribution Date substantially in the form of Exhibit I hereto (the “Monthly Report”) setting forth at least the following informationforth: (i) the amount of Noteholders’ Noteholder’s principal distribution; (ii) the amount of Noteholders’ Noteholder’s interest distribution; (iii) the amount of fees payable out of the Trust, separately identifying the Monthly Servicing Fee and the Indenture Trustee Fee; (iv) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Distribution Date and the change in such amount amounts from those with respect to the immediately preceding Distribution Date; (v) the Note Pool Factor for each Class of Notes as Notes, in each case of such Distribution Date; (vi) the amount of the distributions described in (i) or (ii) above payable pursuant to a claim on the Reserve Fund or from any other source not constituting Available Monies and the amount remaining in the Reserve Fund after giving effect to all deposits and withdrawals from the Reserve Fund on such date; (vii) the amount of any Mandatory Redemption to be made on such Distribution Date; (viiviii) LIBOR for each Distribution Date during the related Interest Period and Funding Period, the interest rate on the Class A-2b Notesremaining Pre-Funded Amount; (viiiix) for each Distribution Date during the Funding Period to and including the Distribution Date immediately following the end of the Funding Period, the Principal Balance and number of Subsequent Contracts conveyed to the Trust during the related Due Period; (x) the remaining Outstanding Amount of each Class of Notes Principal Balance after giving effect to the distribution of principal (and Mandatory Redemption, if any) to each Class class of Notes to be made on such Distribution Date; (ixxi) the number and aggregate Principal Balance principal balance of Contracts delinquent 30-59 days, 60-89 days, 90-119 days and 120 90 or more days, computed as of the end of the related Due Period; (xxii) the number and aggregate Principal Balance principal balance of Contracts that became Liquidated Contracts during the related immediately preceding Due Period, the amount of liquidation proceeds for such Due Period, the amount of liquidation expenses being deducted from liquidation proceeds for such Due Period, the Net Liquidation Proceeds for such Due Period and the Net Liquidation Losses as of for such Distribution DateDue Period; (xixiii) the Loss Ratio, Average Loss Ratio, Cumulative Loss Ratio, the Delinquency Ratio and the Average Delinquency Ratio as of such Distribution Date; (xiixiv) the number of Contracts and the aggregate Principal Balance of such Contracts, as of the first day of the related Due Period and as of the last day of the related Due Period relating to such Distribution Date (after giving effect to payments received during such Due PeriodPeriod and to any transfers of Subsequent Contracts to the Trust occurring on or prior to such Distribution Date); (xiiixv) the aggregate Principal Balance and number of Contracts that were reacquired by the Seller pursuant to the Transfer and Sale Agreement during with respect to the related Due Period, identifying such Contracts and the Purchase Reacquisition Price for such Contracts; (xivxvi) the aggregate Principal Balance and number amount otherwise distributable on the Class B Notes that has instead been distributed to one or more senior Classes of Contracts that were purchased by the Servicer pursuant to this Agreement during the related Due Period, identifying the Purchase Price for Notes on such ContractsDistribution Date; (xvxvii) the amount of Advances made by the Servicer in respect of the related Contracts and such Distribution Date the related Due Period and the amount, if any, amount of unreimbursed Advances in respect of prior Distribution Datesthe related Contracts determined by the Servicer to be Defaulted Contracts; and (xvixviii) such other customary factual information as is available to the Servicer as the Servicer deems necessary and can reasonably obtain from its existing data base to enable the Noteholders and the Certificateholder to prepare their tax returns. (b) Within the prescribed period of time for tax reporting purposes after the end of each calendar year, the Servicer shall prepare and the Note Registrar shall mail to each Noteholder of record at any time during such year a report as to the aggregate amounts reported pursuant to subsections (a)(ii), (ii), (iviii) and (viv) of this Section, attributable to such Noteholder. (c) The Indenture Trustee shall send via first class mail a paper copy of the Monthly Report to (i) the initial Clearing Agency under the Note Depository Agreement or any qualified successor appointed pursuant to Section 2.11 of the Indenture and (ii) each Securityholder or party to this Agreement.