Common use of NET LOSS AND DELINQUENCY RATIOS Clause in Contracts

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2014-3 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2014-3 Owner Trust)

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NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE U.S. BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxNATIONAL ASSOCIATION 200 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000 XxxxxxxxxxXxxxxxx, Xxxxxxxx 00000 AttnAttention: Corporate Trust & Securities Services - Honda Auto Receivables 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 XXXXXXXX, N.A. 300 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 Xxx Xxxx 00000 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2014-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2014-4 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.000.01% (iv) Three Month Average (Avg(i,ii,iii)) 0.000.01% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. MxXx. Xxxx Honda Vice President–Finance & Administration and Administration, Assistant Secretary and Compliance Officer [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxUNION BANK, N.A. 1251 Avenue of the Xxxxxxxx, 00xx Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS 00000 THE BANK OF NEW YORK MELLON 100 000 Xxxxxxx Xxxxxx, Floor 7 East 4 West New York, NY 10286 BNY MELLON TRUST OF DELAWARE 000 Xxxxx Xxxx Xxxxxx, Suite 102 Newark, Delaware 19711 Re: Notice of Election to Purchase All Receivables Honda Auto Receivables [ ] Owner Trust Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”)LLC, as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price. On the Redemption Date, AHFC shall pay to the Indenture Trustee all agreed upon amounts due, representing the Owner Trust Estate under the Sale and Servicing Agreement as of such date. Pursuant to Section 8.04(b) of the Indenture, the Issuer hereby requests that on the Redemption Date, upon (i) the redemption of the Notes pursuant to Section 10.01 of the Indenture and (ii) the delivery of the Officer’s Certificate and Opinion of Counsel required by Section 8.04(b) of the Indenture, the Indenture Trustee release any remaining portion of the Owner Trust Estate from the lien of the Indenture and release any funds on deposit in the Accounts in accordance with Section 8.04(b) of the Indenture. Pursuant to Section 1.02(a) of the Administration Agreement dated as of [____] among the Issuer, AHFC, AHRC and the Indenture Trustee, AHFC as Administrator is making this Issuer Request on behalf of the Issuer. After the purchase of the Owner Trust Estate by AHFC on the Redemption Date, the Trust shall terminate in accordance with the terms of the Trust Agreement, and AHFC hereby requests that the Owner Trustee (i) cancel the Certificate of Trust by filing a certificate of cancellation with the Secretary of State (pursuant to Section 9.01(e) of the Amended and Restated Trust Agreement) and (ii) inform the Certificateholder of such action and specify the date on which the Certificateholder shall surrender such Trust Certificates for final payment and cancellation, pursuant to Section 9.01(c) of the Amended and Restated Trust Agreement. In addition, AHFC requests that the Indenture Trustee (i) provide notice to the Holders of the Notes pursuant to Section 10.01 of the Indenture, which notice shall contain the information required by Section 10.02 of the Indenture, and (ii) provide notice to DTC pursuant to item 6 in Schedule A of the DTC Letter of Representations, dated as of [__________]. Terms having their initial letters capitalized which are not otherwise defined herein have the meanings ascribed to them in the Sale and Servicing Agreement. Very Truly Yours, American Honda Finance Corporation, as Servicer and Administrator By: Name: [__________] Title: [__________] cc: [Rating Agencies] Reference is hereby made to the Indenture dated as of [_________] (the “Indenture”) between Honda Auto Receivables [________] Owner Trust, as Issuer (the “Issuer”), and [__________], as Indenture Trustee (the “Indenture Trustee”), and to the Sale and Servicing Agreement dated as of [_________] (the “Sale and Servicing Agreement”) among the Issuer, American Honda Receivables LLC, as seller, and American Honda Finance Corporation, as servicer (in such capacity the “Servicer”). Capitalized terms used and not otherwise defined herein have the meanings provided in the Indenture. In connection with the satisfaction and discharge of the Indenture pursuant to Section 4.01 of the Indenture and the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture the undersigned certifies that: 1. As required by Section 8.01 of the Sale and Servicing Agreement and Section 10.01 of the Indenture: a. [___________] (the “Redemption Date”) is a Payment Date following the last day of a Collection Period as of which the aggregate Pool Balance was 10% or less of the Original Pool Balance. b. The Servicer deposited into the Collection Account, and it is the undersigned’s understanding that the Indenture Trustee transferred into the Note Distribution Account an amount equal to the Redemption Price. The deposit was made in immediately available funds by 8:00 A.M., Los Angeles time on such Payment Date. 2. Notice of redemption of the Notes was delivered by the Servicer to the Indenture Trustee pursuant to Section 10.01 of the Indenture. Such notice was furnished not later than the number of days prior to the Redemption Date required by Section 10.01 of the Indenture. 3. All conditions precedent provided for in the Indenture to the satisfaction and discharge of the Indenture have been complied with, and 4. All conditions precedent provided for in the Indenture to the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture have been complied with. The undersigned has read or caused to be read the applicable conditions and the definitions in the Indenture relating thereto, including without limitation Section 11.01 of the Indenture, and has obtained and reviewed copies of the notices, certificates and opinions referred to therein. With respect to paragraphs 4 and 5, the undersigned has relied on the opinion of counsel of [_____________], dated [__________] to identify the notices, certificates and opinions required to be delivered to satisfy the conditions set forth in the Indenture. In the opinion of the undersigned, the undersigned has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not such conditions have been complied with. This Officer’s Certificate is also being delivered to [____________] with the understanding that it will be relied upon with respect to paragraphs 1 through 3 and may be attached to the legal opinion to be given by said firm on or about the date hereof in connection with the Servicer’s purchase of the Owner Trust Estate pursuant to Section 8.01 of the Sale and Servicing Agreement. This Officer’s Certificate is delivered by an Authorized Officer of the Administrator pursuant to Section 1.02 of the Administration Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2011-3 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2011-3 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. MxXx. Xxxx X. Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK CITIBANK, N.A. 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 CITICORP TRUST COMPANY DELAWARE 1000 Xxxxxx DELAWARE, NATIONAL ASSOCIATION 00 Xxxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx XX 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX X.X. BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 NATIONAL ASSOCIATION 000 Xxxxx XxxXxXxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Services - MS JCY03Honda Auto Receivables 2015-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 1 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2015-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-1 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx X. Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE U.S. BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxNATIONAL ASSOCIATION 100 Xxxxx XxXxxxx Xxxxxx, 0xx Xxxxx 000 XxxxxxxxxxXxxxxxx, Xxxxxxxx 00000 AttnAttention: Corporate Trust & Securities Services - Honda Auto Receivables 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XXX XXXX XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON XXX XXXX XXXXXX 100 Xxxxxxx Xxxxxx, Floor 7 East West New York, NY New York 10286 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price. On the Redemption Date, AHFC shall pay to the Indenture Trustee all agreed upon amounts due, representing the Owner Trust Estate under the Sale and Servicing Agreement as of such date. Pursuant to Section 8.04(b) of the Indenture, the Issuer hereby requests that on the Redemption Date, upon (i) the redemption of the Notes pursuant to Section 10.01 of the Indenture and (ii) the delivery of the Officer’s Certificate and Opinion of Counsel required by Section 8.04(b) of the Indenture, the Indenture Trustee release any remaining portion of the Owner Trust Estate from the lien of the Indenture and release any funds on deposit in the Accounts in accordance with Section 8.04(b) of the Indenture. Pursuant to Section 1.02(a) of the Administration Agreement dated as of [____] among the Issuer, AHFC, AHR and the Indenture Trustee, AHFC as Administrator is making this Issuer Request on behalf of the Issuer. After the purchase of the Owner Trust Estate by AHFC on the Redemption Date, the Trust shall terminate in accordance with the terms of the Trust Agreement, and AHFC hereby requests that the Owner Trustee (i) cancel the Certificate of Trust by filing a certificate of cancellation with the Secretary of State (pursuant to Section 9.01(e) of the Amended and Restated Trust Agreement) and (ii) inform the Certificateholder of such action and specify the date on which the Certificateholder shall surrender such Trust Certificates for final payment and cancellation, pursuant to Section 9.01(c) of the Amended and Restated Trust Agreement. In addition, AHFC requests that the Indenture Trustee (i) provide notice to the Holders of the Notes pursuant to Section 10.01 of the Indenture, which notice shall contain the information required by Section 10.02 of the Indenture, and (ii) provide notice to DTC pursuant to item 6 in Schedule A of the DTC Letter of Representations, dated as of [__________]. Terms having their initial letters capitalized which are not otherwise defined herein have the meanings ascribed to them in the Sale and Servicing Agreement or the Indenture. Very Truly Yours, American Honda Finance Corporation, as Servicer and Administrator By: _______________________________ Name: [__________] Title: [__________] cc: [Rating Agencies] Reference is hereby made to the Indenture dated as of [_________] (the “Indenture”) between Honda Auto Receivables [________] Owner Trust, as Issuer (the “Issuer”), and [__________], as Indenture Trustee (the “Indenture Trustee”), and to the Sale and Servicing Agreement dated as of [_________] (the “Sale and Servicing Agreement”) among the Issuer, American Honda Receivables LLC, as seller, and American Honda Finance Corporation, as servicer (in such capacity the “Servicer”). Capitalized terms used and not otherwise defined herein have the meanings provided in the Indenture. In connection with the satisfaction and discharge of the Indenture pursuant to Section 4.01 of the Indenture and the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture the undersigned certifies that: 1. As required by Section 8.01 of the Sale and Servicing Agreement and Section 10.01 of the Indenture: a. [___________] (the “Redemption Date”) is a Payment Date following the last day of a Collection Period as of which the aggregate Pool Balance was 10% or less of the Original Pool Balance. b. The Servicer deposited into the Collection Account, and it is the undersigned’s understanding that the Indenture Trustee transferred into the Note Distribution Account an amount equal to the Redemption Price. The deposit was made in immediately available funds by 8:00 A.M., Los Angeles time on such Payment Date. 2. Notice of redemption of the Notes was delivered by the Servicer to the Indenture Trustee pursuant to Section 10.01 of the Indenture. Such notice was furnished not later than the number of days prior to the Redemption Date required by Section 10.01 of the Indenture. 3. The Indenture and the Sale and Servicing Agreement have not been amended, modified, terminated or superseded and remain in full force and effect. 4. All conditions precedent provided for in the Indenture to the satisfaction and discharge of the Indenture have been complied with, and 5. All conditions precedent provided for in the Indenture to the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture have been complied with. The undersigned has read or caused to be read the applicable conditions and the definitions in the Indenture relating thereto, including without limitation Section 11.01 of the Indenture, and has obtained and reviewed copies of the notices, certificates and opinions referred to therein. With respect to paragraphs 4 and 5, the undersigned has relied on the opinion of counsel of [_____________], dated [__________] to identify the notices, certificates and opinions required to be delivered to satisfy the conditions set forth in the Indenture. In the opinion of the undersigned, the undersigned has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not such conditions have been complied with. This Officer’s Certificate is also being delivered to [____________] with the understanding that it will be relied upon with respect to paragraphs 1 through 3 and may be attached to the legal opinion to be given by said firm on or about the date hereof in connection with the Servicer’s purchase of the Owner Trust Estate pursuant to Section 8.01 of the Sale and Servicing Agreement. This Officer’s Certificate is delivered by an Authorized Officer of the Administrator pursuant to Section 1.02 of the Administration Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE CITIBANK, N.A. 300 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 UNION BANK, N.A. 1251 Avenue of the Americas, 19th Floor, New York, New York 10020 U.S. BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxNATIONAL ASSOCIATION 200 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000 XxxxxxxxxxXxxxxxx, Xxxxxxxx 00000 AttnAttention: Corporate Trust & Securities Services - Honda 2000Auto Receivables 2014-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 1 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2014-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2014-1 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. _____________________________________ Mx. Xxxx X. Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East West New York, NY New York 10286 Attention: Asset Backed Securities Unit – HAROT 2010-0 XXX XXXXXX XXXXX XX XXXXXXXX 001 Xxxxxxxx Xxxxxxx, 0xx Xxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Xttention: Corporate Trust Administration MUFG UNION BANK, N.A. 1251 Avenue of the Amexxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2015-3 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. MxXx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxUNION BANK, N.A. 1251 Avenue of the Xxxxxxxx, 00xx Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS 00000 THE BANK OF NEW YORK MELLON 100 000 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 BNY MELLON TRUST OF DELAWARE 000 Xxxxxxxx Xxxxxxx, 0xx Xxxxx Xxxxxxxxxx, XX 00000 Attention: Corporate Trust Administration Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price. On the Redemption Date, AHFC shall pay to the Indenture Trustee all agreed upon amounts due, representing the Owner Trust Estate under the Sale and Servicing Agreement as of such date. Pursuant to Section 8.04(b) of the Indenture, the Issuer hereby requests that on the Redemption Date, upon (i) the redemption of the Notes pursuant to Section 10.01 of the Indenture and (ii) the delivery of the Officer’s Certificate and Opinion of Counsel required by Section 8.04(b) of the Indenture, the Indenture Trustee release any remaining portion of the Owner Trust Estate from the lien of the Indenture and release any funds on deposit in the Accounts in accordance with Section 8.04(b) of the Indenture. Pursuant to Section 1.02(a) of the Administration Agreement dated as of [____] among the Issuer, AHFC, AHR and the Indenture Trustee, AHFC as Administrator is making this Issuer Request on behalf of the Issuer. After the purchase of the Owner Trust Estate by AHFC on the Redemption Date, the Trust shall terminate in accordance with the terms of the Trust Agreement, and AHFC hereby requests that the Owner Trustee (i) cancel the Certificate of Trust by filing a certificate of cancellation with the Secretary of State (pursuant to Section 9.01(e) of the Amended and Restated Trust Agreement) and (ii) inform the Certificateholder of such action and specify the date on which the Certificateholder shall surrender such Trust Certificates for final payment and cancellation, pursuant to Section 9.01(c) of the Amended and Restated Trust Agreement. In addition, AHFC requests that the Indenture Trustee (i) provide notice to the Holders of the Notes pursuant to Section 10.01 of the Indenture, which notice shall contain the information required by Section 10.02 of the Indenture, and (ii) provide notice to DTC pursuant to item 6 in Schedule A of the DTC Letter of Representations, dated as of [__________]. Terms having their initial letters capitalized which are not otherwise defined herein have the meanings ascribed to them in the Sale and Servicing Agreement or the Indenture. Very Truly Yours, American Honda Finance Corporation, as Servicer and Administrator By: Name: [__________] Title: [__________] cc: [Rating Agencies] Reference is hereby made to the Indenture dated as of [_________] (the “Indenture”) between Honda Auto Receivables [________] Owner Trust, as Issuer (the “Issuer”), and [__________], as Indenture Trustee (the “Indenture Trustee”), and to the Sale and Servicing Agreement dated as of [_________] (the “Sale and Servicing Agreement”) among the Issuer, American Honda Receivables LLC, as seller, and American Honda Finance Corporation, as servicer (in such capacity the “Servicer”). Capitalized terms used and not otherwise defined herein have the meanings provided in the Indenture. In connection with the satisfaction and discharge of the Indenture pursuant to Section 4.01 of the Indenture and the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture the undersigned certifies that: 1. As required by Section 8.01 of the Sale and Servicing Agreement and Section 10.01 of the Indenture: a. [___________] (the “Redemption Date”) is a Payment Date following the last day of a Collection Period as of which the aggregate Pool Balance was 10% or less of the Original Pool Balance. b. The Servicer deposited into the Collection Account, and it is the undersigned’s understanding that the Indenture Trustee transferred into the Note Distribution Account an amount equal to the Redemption Price. The deposit was made in immediately available funds by 8:00 A.M., Los Angeles time on such Payment Date. 2. Notice of redemption of the Notes was delivered by the Servicer to the Indenture Trustee pursuant to Section 10.01 of the Indenture. Such notice was furnished not later than the number of days prior to the Redemption Date required by Section 10.01 of the Indenture. 3. The Indenture and the Sale and Servicing Agreement have not been amended, modified, terminated or superseded and remain in full force and effect. 4. All conditions precedent provided for in the Indenture to the satisfaction and discharge of the Indenture have been complied with, and 5. All conditions precedent provided for in the Indenture to the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture have been complied with. The undersigned has read or caused to be read the applicable conditions and the definitions in the Indenture relating thereto, including without limitation Section 11.01 of the Indenture, and has obtained and reviewed copies of the notices, certificates and opinions referred to therein. With respect to paragraphs 4 and 5, the undersigned has relied on the opinion of counsel of [_____________], dated [__________] to identify the notices, certificates and opinions required to be delivered to satisfy the conditions set forth in the Indenture. In the opinion of the undersigned, the undersigned has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not such conditions have been complied with. This Officer’s Certificate is also being delivered to [____________] with the understanding that it will be relied upon with respect to paragraphs 1 through 3 and may be attached to the legal opinion to be given by said firm on or about the date hereof in connection with the Servicer’s purchase of the Owner Trust Estate pursuant to Section 8.01 of the Sale and Servicing Agreement. This Officer’s Certificate is delivered by an Authorized Officer of the Administrator pursuant to Section 1.02 of the Administration Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2014-2 Owner Trust)

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NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE U.S. BANK NATIONAL ASSOCIATION 100 Xxxxx XxXxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Services - Honda Auto Receivables 20[__]-[__] CITIBANK, NATIONAL ASSOCIATION 300 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 CITICORP TRUST COMPANY DELAWARE 1000 Xxxxxx DELAWARE, NATIONAL ASSOCIATION 20 Xxxxxxxxxx Xxxx, Xxxxx 000 000, Xxxxxxxxxx, Xxxxxxxx XX 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2013-4 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx XxxxUNION BANK, N.A. 1251 Avenue of the Axxxxxxx, 00xx Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS 00000 THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 BNY MELLON TRUST OF DELAWARE 300 Xxxxxxxx Xxxxxxx, 0xx Xxxxx Xxxxxxxxxx, XX 00000 Attention: Corporate Trust Administration Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price. On the Redemption Date, AHFC shall pay to the Indenture Trustee all agreed upon amounts due, representing the Owner Trust Estate under the Sale and Servicing Agreement as of such date. Pursuant to Section 8.04(b) of the Indenture, the Issuer hereby requests that on the Redemption Date, upon (i) the redemption of the Notes pursuant to Section 10.01 of the Indenture and (ii) the delivery of the Officer’s Certificate and Opinion of Counsel required by Section 8.04(b) of the Indenture, the Indenture Trustee release any remaining portion of the Owner Trust Estate from the lien of the Indenture and release any funds on deposit in the Accounts in accordance with Section 8.04(b) of the Indenture. Pursuant to Section 1.02(a) of the Administration Agreement dated as of [____] among the Issuer, AHFC, AHR and the Indenture Trustee, AHFC as Administrator is making this Issuer Request on behalf of the Issuer. After the purchase of the Owner Trust Estate by AHFC on the Redemption Date, the Trust shall terminate in accordance with the terms of the Trust Agreement, and AHFC hereby requests that the Owner Trustee (i) cancel the Certificate of Trust by filing a certificate of cancellation with the Secretary of State (pursuant to Section 9.01(e) of the Amended and Restated Trust Agreement) and (ii) inform the Certificateholder of such action and specify the date on which the Certificateholder shall surrender such Trust Certificates for final payment and cancellation, pursuant to Section 9.01(c) of the Amended and Restated Trust Agreement. In addition, AHFC requests that the Indenture Trustee (i) provide notice to the Holders of the Notes pursuant to Section 10.01 of the Indenture, which notice shall contain the information required by Section 10.02 of the Indenture, and (ii) provide notice to DTC pursuant to item 6 in Schedule A of the DTC Letter of Representations, dated as of [__________]. Terms having their initial letters capitalized which are not otherwise defined herein have the meanings ascribed to them in the Sale and Servicing Agreement or the Indenture. Very Truly Yours, American Honda Finance Corporation, as Servicer and Administrator By: Name: [__________] Title: [__________] cc: [Rating Agencies] Reference is hereby made to the Indenture dated as of [_________] (the “Indenture”) between Honda Auto Receivables [________] Owner Trust, as Issuer (the “Issuer”), and [__________], as Indenture Trustee (the “Indenture Trustee”), and to the Sale and Servicing Agreement dated as of [_________] (the “Sale and Servicing Agreement”) among the Issuer, American Honda Receivables LLC, as seller, and American Honda Finance Corporation, as servicer (in such capacity the “Servicer”). Capitalized terms used and not otherwise defined herein have the meanings provided in the Indenture. In connection with the satisfaction and discharge of the Indenture pursuant to Section 4.01 of the Indenture and the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture the undersigned certifies that: 1. As required by Section 8.01 of the Sale and Servicing Agreement and Section 10.01 of the Indenture: a. [___________] (the “Redemption Date”) is a Payment Date following the last day of a Collection Period as of which the aggregate Pool Balance was 10% or less of the Original Pool Balance. b. The Servicer deposited into the Collection Account, and it is the undersigned’s understanding that the Indenture Trustee transferred into the Note Distribution Account an amount equal to the Redemption Price. The deposit was made in immediately available funds by 8:00 A.M., Los Angeles time on such Payment Date. 2. Notice of redemption of the Notes was delivered by the Servicer to the Indenture Trustee pursuant to Section 10.01 of the Indenture. Such notice was furnished not later than the number of days prior to the Redemption Date required by Section 10.01 of the Indenture. 3. The Indenture and the Sale and Servicing Agreement have not been amended, modified, terminated or superseded and remain in full force and effect. 4. All conditions precedent provided for in the Indenture to the satisfaction and discharge of the Indenture have been complied with, and 5. All conditions precedent provided for in the Indenture to the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture have been complied with. The undersigned has read or caused to be read the applicable conditions and the definitions in the Indenture relating thereto, including without limitation Section 11.01 of the Indenture, and has obtained and reviewed copies of the notices, certificates and opinions referred to therein. With respect to paragraphs 4 and 5, the undersigned has relied on the opinion of counsel of [_____________], dated [__________] to identify the notices, certificates and opinions required to be delivered to satisfy the conditions set forth in the Indenture. In the opinion of the undersigned, the undersigned has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not such conditions have been complied with. This Officer’s Certificate is also being delivered to [____________] with the understanding that it will be relied upon with respect to paragraphs 1 through 3 and may be attached to the legal opinion to be given by said firm on or about the date hereof in connection with the Servicer’s purchase of the Owner Trust Estate pursuant to Section 8.01 of the Sale and Servicing Agreement. This Officer’s Certificate is delivered by an Authorized Officer of the Administrator pursuant to Section 1.02 of the Administration Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2014-2 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% % (ii) Preceding Collection Period 0.00% % (iii) Current Collection Period 0.00% % (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% % (ii) Preceding Collection Period 0.00% % (iii) Current Collection Period 0.00% % (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. ____________________________________________________ Mx. Xxxx Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 [ADDRESS] [ADDRESS] [ADDRESS] [ADDRESS] [ADDRESS] [ADDRESS] Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price. On the Redemption Date, AHFC shall pay to the Indenture Trustee all agreed upon amounts due, representing the Owner Trust Estate under the Sale and Servicing Agreement as of such date. Pursuant to Section 8.04(b) of the Indenture, the Issuer hereby requests that on the Redemption Date, upon (i) the redemption of the Notes pursuant to Section 10.01 of the Indenture and (ii) the delivery of the Officer’s Certificate and Opinion of Counsel required by Section 8.04(b) of the Indenture, the Indenture Trustee release any remaining portion of the Owner Trust Estate from the lien of the Indenture and release any funds on deposit in the Accounts in accordance with Section 8.04(b) of the Indenture. Pursuant to Section 1.02(a) of the Administration Agreement dated as of [____] among the Issuer, AHFC, AHR and the Indenture Trustee, AHFC as Administrator is making this Issuer Request on behalf of the Issuer. After the purchase of the Owner Trust Estate by AHFC on the Redemption Date, the Trust shall terminate in accordance with the terms of the Trust Agreement, and AHFC hereby requests that the Owner Trustee (i) cancel the Certificate of Trust by filing a certificate of cancellation with the Secretary of State (pursuant to Section 9.01(e) of the Amended and Restated Trust Agreement) and (ii) inform the Certificateholder of such action and specify the date on which the Certificateholder shall surrender such Trust Certificates for final payment and cancellation, pursuant to Section 9.01(c) of the Amended and Restated Trust Agreement. In addition, AHFC requests that the Indenture Trustee (i) provide notice to the Holders of the Notes [and the Swap Counterparty] pursuant to Section 10.01 of the Indenture, which notice shall contain the information required by Section 10.02 of the Indenture, and (ii) provide notice to DTC pursuant to item 6 in Schedule A of the DTC Letter of Representations, dated as of [__________]. Terms having their initial letters capitalized which are not otherwise defined herein have the meanings ascribed to them in the Sale and Servicing Agreement or the Indenture. Very Truly Yours, American Honda Finance Corporation, as Servicer and Administrator By: _______________________________ Name: [__________] Title: [__________] cc: [Rating Agencies] EXHIBIT D Reference is hereby made to the Indenture dated as of [_________] (the “Indenture”) between Honda Auto Receivables [________] Owner Trust, as Issuer (the “Issuer”), and [__________], as Indenture Trustee (the “Indenture Trustee”), and to the Sale and Servicing Agreement dated as of [_________] (the “Sale and Servicing Agreement”) among the Issuer, American Honda Receivables LLC, as seller, and American Honda Finance Corporation, as servicer (in such capacity the “Servicer”). Capitalized terms used and not otherwise defined herein have the meanings provided in the Indenture. In connection with the satisfaction and discharge of the Indenture pursuant to Section 4.01 of the Indenture and the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture the undersigned certifies that: 1. As required by Section 8.01 of the Sale and Servicing Agreement and Section 10.01 of the Indenture: a. [___________] (the “Redemption Date”) is a Payment Date following the last day of a Collection Period as of which the aggregate Pool Balance was [__]% or less of the Original Pool Balance. b. The Servicer deposited into the Collection Account, and it is the undersigned’s understanding that the Indenture Trustee transferred into the Note Distribution Account an amount equal to the Redemption Price. The deposit was made in immediately available funds by 8:00 A.M., Los Angeles time on such Payment Date. 2. Notice of redemption of the Notes was delivered by the Servicer to the Indenture Trustee pursuant to Section 10.01 of the Indenture. Such notice was furnished not later than the number of days prior to the Redemption Date required by Section 10.01 of the Indenture. 3. All conditions precedent provided for in the Indenture to the satisfaction and discharge of the Indenture have been complied with, and 4. All conditions precedent provided for in the Indenture to the release of the Owner Trust Estate pursuant to Section 8.04 of the Indenture have been complied with. The undersigned has read or caused to be read the applicable conditions and the definitions in the Indenture relating thereto, including without limitation Section 11.01 of the Indenture, and has obtained and reviewed copies of the notices, certificates and opinions referred to therein. With respect to paragraphs 4 and 5, the undersigned has relied on the opinion of counsel of [_____________], dated [__________] to identify the notices, certificates and opinions required to be delivered to satisfy the conditions set forth in the Indenture. In the opinion of the undersigned, the undersigned has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not such conditions have been complied with. This Officer’s Certificate is also being delivered to [____________] with the understanding that it will be relied upon with respect to paragraphs 1 through 3 and may be attached to the legal opinion to be given by said firm on or about the date hereof in connection with the Servicer’s purchase of the Owner Trust Estate pursuant to Section 8.01 of the Sale and Servicing Agreement. This Officer’s Certificate is delivered by an Authorized Officer of the Administrator pursuant to Section 1.02 of the Administration Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (American Honda Receivables LLC)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. _____________________________________ Mx. Xxxx X. Honda Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE BANK TRUST COMPANY DELAWARE 1000 Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx Xxx, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East West New York, NY New York 10286 Attention: Asset Backed Securities Unit – HAROT 2000-0 XXX XXXXXX XXXXX XX XXXXXXXX 300 Xxxxxxxx Xxxxxxx, 0xx Xxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Administration MUFG UNION BANK, N.A. 1251 Avenue of the Axxxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2015-3 Owner Trust)

NET LOSS AND DELINQUENCY RATIOS. (A) Ratio of Net Losses to the Pool Balance as of Each Collection Period (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% (B) Ratio of Balance of Contracts Delinquent 61 Days or More to the Outstanding Balance of Receivables. (i) Second Preceding Collection Period 0.00% (ii) Preceding Collection Period 0.00% (iii) Current Collection Period 0.00% (iv) Three Month Average (Avg(i,ii,iii)) 0.00% I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. Mx. Xxxx Honda Xxxxx Vice President–Finance & Administration and Assistant Secretary [DATE] DEUTSCHE U.S. BANK NATIONAL ASSOCIATION 100 Xxxxx XxXxxxx Xxxxxx, 7th Floor Chicago, Illinois 60603 Attention: Corporate Trust Services - Honda Auto Receivables 20[__]-[__] CITIBANK, NATIONAL ASSOCIATION 300 Xxxxxxxxx Xxxxxx, 00xx Floor New York, New York 10013 CITICORP TRUST COMPANY DELAWARE 1000 Xxxxxx DELAWARE, NATIONAL ASSOCIATION 20 Xxxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx000, Xxxxxxxx 00000 Attn: Trust & Securities Services – Honda 2000-0 XXXXXXXX BANK TRUST COMPANY AMERICAS c/o Deutsche Bank National Trust Company 100 Xxxxx XxxGreenville, 0xx Xxxxx - MS JCY03-0699 Jxxxxx Xxxx, XX 00000-0000 Attn: Structured Finance Services – ABS THE BANK OF NEW YORK MELLON 100 Xxxxxxx Xxxxxx, Floor 7 East New York, NY 10286 DE 19807 Re: Notice of Election to Purchase All Receivables Dear Sir/Madam, Reference is made to the Sale and Servicing Agreement, dated as of [________] (“Sale and Servicing Agreement”), among American Honda Receivables LLC (“AHR”), as Seller, American Honda Finance Corporation (“AHFC”), as Servicer, and Honda Auto Receivables [______] Owner Trust (the “Trust”). Pursuant to Section 8.01 of the Sale and Servicing Agreement, notice is hereby given that on [________] (the “Redemption Date”), AHFC shall purchase the Owner Trust Estate. Reference is made to the Indenture, dated as of [_________] (“Indenture”), between the Trust and [_________], as Indenture Trustee. Pursuant to Section 10.01 of the Indenture, notice is hereby given that on the Redemption Date, AHFC elects to have the Notes redeemed in exchange for the Redemption Price.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2013-4 Owner Trust)

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