Common use of Regulation AB Reporting Requirements Clause in Contracts

Regulation AB Reporting Requirements. (a) Within 5 days of each Payment Date, the Owner Trustee shall provide in writing to the Depositor and the Trust Administrator disclosure of any legal proceedings pending against the Owner Trustee or its property that would be material to Noteholders, that has not been previously disclosed to the Depositor and the Trust Administrator, including any such proceedings against the Owner Trustee contemplated by governmental authorities, in each case that are known by a Responsible Officer of the Owner Trustee. (b) The Owner Trustee shall provide in writing to the Depositor and the Trust Administrator disclosure of any affiliations and relationships between the Owner Trustee and any of the transaction parties listed on Exhibit R to the Transfer and Servicing Agreement. The Owner Trustee shall provide such disclosure within 30 days of the actual receipt by a Responsible Officer of the Owner Trustee of such Exhibit R.