Common use of Reporting; Designation Clause in Contracts

Reporting; Designation. In connection with the identification of one or more Group II Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date and upon the exchange of Group II Exchanged Vehicles make the designations in the Master Servicer's computer system and, if necessary, instruct the Trustee in writing under items (c) and (f) below as to the following: (a) the VIN and current Net Book Value of each proposed Group II Exchanged Vehicle; (b) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II Replacement Vehicles, if any, to be designated as belonging to Group II and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles; (c) the amount of Substitute Group II Exchanged Vehicle Proceeds to be transferred from each Excess Funding Account for a Group II Series of Notes to the Collection Account for each such Series of Notes; (d) the increase in Exchange Agreement Group II Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II Series of Notes) of such Group II Exchanged Vehicles; (e) a calculation setting forth the sum of items (b), (c) and (d) as at least equaling the aggregate Net Book Values of the proposed Group II Exchanged Vehicles under item (a); plus any Losses identified in item (d); and (f) an instruction to the Trustee to make the transfers in item (c) above and to the Master Collateral Agent and Servicers on its behalf (pursuant to Section 2.7 of the Existing Agreement) to release its lien on the Group II Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (b), (c) and (d) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II Replacement Vehicles, and Exchange Agreement Group II Rights Value in its computer system as Group II Master Collateral related to the Financing Source and Beneficiaries tendering the Group II Exchanged Vehicles, while simultaneously designating the Group II Exchanged Vehicles and all proceeds thereof as QI Group II Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for Group II Series of Notes on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date on a Group by Group basis and upon the exchange of Group II Exchanged Vehicles make the designations in the Master Servicer's ’s computer system and, if necessary, instruct the Trustee in writing under items item (c) and (fvi) below as to the following: (ai) the VIN YVIN and current Net Book Value of each proposed Group II Exchanged Vehicle; (bii) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II Replacement Vehicles, if any, to be designated as belonging to a particular Group II and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles; (ciii) the amount of Substitute Group II Exchanged Vehicle Proceeds Amount to be transferred from each Excess Funding Account for a Group II each Series of Notes (as defined in the related Series Supplement) within a Group to the Collection Account for each such Series of Notes; (div) the increase in Exchange Agreement Group II Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II a Series of Notes, if so specified in such Financing Documents) of such Group II Exchanged Vehicles; (ev) a calculation setting forth the sum of items (bii), (ciii) and (div) above as at least equaling the aggregate Net Book Values of the proposed Group II Exchanged Vehicles under item (a)i) above; plus any Losses identified in item (d)iv) above; and (f) and an instruction to the Trustee to make the transfers in item (ciii) above and to the Master Collateral Agent and Servicers Servicer on its behalf (pursuant to Section 2.7 of the Existing this Agreement) to release its lien on the Group II Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (bii), (ciii) and (div) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II Replacement Vehicles, and Exchange Agreement Group II Rights Value in its computer system as Group II Master Collateral related to the Financing Source and Beneficiaries tendering the Exchanged Vehicles (including the proper Group II Exchanged Vehiclesof Segregated Collateral), while simultaneously designating the Group II Exchanged Vehicles and all proceeds thereof as QI Group II Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for each Group II and Series of Notes within each Group on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date on a Group by Group basis and upon the exchange of Group II Exchanged Vehicles make the designations in the Master Servicer's ’s computer system and, if necessary, instruct the Trustee in writing under items item (c) and (fvi) below as to the following: (ai) the VIN and current Net Book Value of each proposed Group II Exchanged Vehicle; (bii) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II Replacement Vehicles, if any, to be designated as belonging to a particular Group II and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles; (ciii) the amount of Substitute Group II Exchanged Vehicle Proceeds Amount to be transferred from each Excess Funding Account for a Group II each Series of Notes (as defined in the related Series Supplement) within a Group to the Collection Account for each such Series of Notes; (div) the increase in Exchange Agreement Group II Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II a Series of Notes, if so specified in such Financing Documents) of such Group II Exchanged Vehicles; (ev) a calculation setting forth the sum of items (bii), (ciii) and (div) above as at least equaling the aggregate Net Book Values of the proposed Group II Exchanged Vehicles under item (a)i) above; plus any Losses identified in item (d)iv) above; and (fvi) an instruction to the Trustee to make the transfers in item (ciii) above and to the Master Collateral Agent and Servicers Servicer on its behalf (pursuant to Section 2.7 of the Existing this Agreement) to release its lien on the Group II Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (bii), (ciii) and (div) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II Replacement Vehicles, and Exchange Agreement Group II Rights Value in its computer system as Group II Master Collateral related to the Financing Source and Beneficiaries tendering the Exchanged Vehicles (including the proper Group II Exchanged Vehiclesof Segregated Collateral), while simultaneously designating the Group II Exchanged Vehicles and all proceeds thereof as QI Group II Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for each Group II and Series of Notes within each Group on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II IV Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date and upon the exchange of Group II IV Exchanged Vehicles make the designations in the Master Servicer's ’s computer system and, if necessary, instruct the Trustee in writing under items (c) and (f) below as to the following: (a) the VIN and current Net Book Value of each proposed Group II IV Exchanged Vehicle; (b) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II IV Replacement Vehicles, if any, to be designated as belonging to Group II IV and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II IV Exchanged Vehicles; (c) the amount of Substitute Group II IV Exchanged Vehicle Proceeds to be transferred from each Excess Funding Account for a Group II IV Series of Notes to the Collection Account for each such Series of Notes; (d) the increase in Exchange Agreement Group II IV Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II IV Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II IV Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II IV Series of Notes) of such Group II IV Exchanged Vehicles; (e) a calculation setting forth the sum of items (b), (c) and (d) as at least equaling the aggregate Net Book Values of the proposed Group II IV Exchanged Vehicles under item (a); plus any Losses identified in item (d); and (f) an instruction to the Trustee to make the transfers in item (c) above and to the Master Collateral Agent and Servicers Servicer on its behalf (pursuant to Section 2.7 of the Existing Agreement) to release its lien on the Group II IV Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (b), (c) and (d) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II IV Replacement Vehicles, and Exchange Agreement Group II IV Rights Value in its computer system as Group II IV Master Collateral related to the Financing Source and Beneficiaries tendering the Group II IV Exchanged Vehicles, while simultaneously designating the Group II IV Exchanged Vehicles and all proceeds thereof as QI Group II IV Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for Group II IV Series of Notes on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II III Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date and upon the exchange of Group II III Exchanged Vehicles make the designations in the Master Servicer's computer system and, if necessary, instruct the Trustee in writing under items (c) and (f) below as to the following: (a) the VIN and current Net Book Value of each proposed Group II III Exchanged Vehicle; (b) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II III Replacement Vehicles, if any, to be designated as belonging to Group II III and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II III Exchanged Vehicles; (c) the amount of Substitute Group II III Exchanged Vehicle Proceeds to be transferred from each Excess Funding Account for a Group II III Series of Notes to the Collection Account for each such Series of Notes; (d) the increase in Exchange Agreement Group II III Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II III Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II III Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II III Series of Notes) of such Group II III Exchanged Vehicles; (e) a calculation setting forth the sum of items (b), (c) and (d) as at least equaling the aggregate Net Book Values of the proposed Group II III Exchanged Vehicles under item (a); plus any Losses identified in item (d); and (f) an instruction to the Trustee to make the transfers in item (c) above and to the Master Collateral Agent and Servicers on its behalf (pursuant to Section 2.7 of the Existing Agreement) to release its lien on the Group II III Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (b), (c) and (d) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II III Replacement Vehicles, and Exchange Agreement Group II III Rights Value in its computer system as Group II III Master Collateral related to the Financing Source and Beneficiaries tendering the Group II III Exchanged Vehicles, while simultaneously designating the Group II III Exchanged Vehicles and all proceeds thereof as QI Group II III Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for Group II III Series of Notes on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date and upon the exchange of Group II Exchanged Vehicles make the designations in the Master Servicer's computer system and, if necessary, instruct the Trustee in writing under items item (c) and (f) below as to the following: (a) the VIN and current Net Book Value of each proposed Group II Exchanged Vehicle; (b) the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II Replacement Vehicles, if any, to be designated as belonging to Group II and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles; (c) the amount of Substitute Group II Exchanged Vehicle Proceeds to be transferred from each Excess Funding Account for a Group II III Series of Notes to the Collection Account for each such Series of Notes; (d) the increase in Exchange Agreement Group II Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II III Series of Notes) of such Group II Exchanged Vehicles;. (e) a calculation setting forth the sum of items (b), (c) and (d) as at least equaling the aggregate Net Book Values of the proposed Group II Exchanged Vehicles under item (a); plus any Losses identified in item (d); ) and (f) an instruction to the Trustee to make the transfers in item (c) above and to the Master Collateral Agent and Servicers on its behalf (pursuant to Section 2.7 of the Existing Agreement) to release its lien on the Group II Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (b), (c) and (d) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II Replacement Vehicles, and Exchange Agreement Group II Rights Value in its computer system as Group II III Master Collateral related to the Financing Source and Beneficiaries tendering the Group II Exchanged Vehicles, while simultaneously designating the Group II Exchanged Vehicles and all proceeds thereof as QI Group II Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for Group II III Series of Notes on the monthly Reporting Date.

Reporting; Designation. In connection with the identification of one or more Group II Exchanged Vehicles proposed to be redesignated to the Qualified Intermediary under an Exchange Program, the Master Servicer shall prepare the information for reporting on the Reporting Date on a Group by Group basis and upon the exchange of Group II Exchanged Vehicles make the designations in the Master Servicer's ’s computer system and, if necessary, instruct the Trustee in writing under items item (c) and (fvi) below as to the following: : (a) the VIN i)the YVIN and current Net Book Value of each proposed Group II Exchanged Vehicle; ; (b) the ii)the VIN and Capitalized Cost or Net Book Value of each Vehicle, including Group II Replacement Vehicles, if any, to be designated as belonging to a particular Group II and as related to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles; ; (c) the amount of iii)the Substitute Group II Exchanged Vehicle Proceeds Amount to be transferred from each Excess Funding Account for a Group II each Series of Notes (as defined in the related Series Supplement) within a Group to the Collection Account for each such Series of Notes; ; (d) the iv)the increase in Exchange Agreement Group II Rights Value to be designated to the Financing Source and Beneficiaries in substitution for the proposed Group II Exchanged Vehicles, and the amount by which Disposition Proceeds received in respect of Group II Exchanged Vehicles that had comprised Group II Collateral are less than the Net Book Value, (such amount, if positive to be treated as Losses under Financing Documents for Group II a Series of Notes, if so specified in such Financing Documents) of such Group II Exchanged Vehicles; ; (e) a v)a calculation setting forth the sum of items (bii), (ciii) and (div) above as at least equaling the aggregate Net Book Values of the proposed Group II Exchanged Vehicles under item (a)i) above; plus any Losses identified in item (d)iv) above; and (f) and an instruction to the Trustee to make the transfers in item (ciii) above and to the Master Collateral Agent and Servicers Servicer on its behalf (pursuant to Section 2.7 of the Existing this Agreement) to release its lien on the Group II Exchanged Vehicles and any Certificates of Title related thereto at the time of the transfers and designations in items (bii), (ciii) and (div) above. Upon satisfaction of the foregoing, the Master Servicer shall designate the substitute Vehicles, including Group II Replacement Vehicles, and Exchange Agreement Group II Rights Value in its computer system as Group II Master Collateral related to the Financing Source and Beneficiaries tendering the Exchanged Vehicles (including the proper Group II Exchanged Vehiclesof Segregated Collateral), while simultaneously designating the Group II Exchanged Vehicles and all proceeds thereof as QI Group II Master Collateral related to the Qualified Intermediary as Beneficiary. Aggregate information with respect to the above will be reported to the Trustee, the Master Collateral Agent and others specified in the Financing Documents for each Group II and Series of Notes within each Group on the monthly Reporting Date.