Common use of Reports and Statements to Series Clause in Contracts

Reports and Statements to Series. [•] Noteholders. (a) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder a statement substantially in the form of Exhibit B-1 (or otherwise containing substantially comparable information) prepared by the Servicer and delivered to the Paying Agent. (b) On or prior to the second Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee, the Paying Agent, the Transferor, each Note Rating Agency and the Owner Trustee (i) a statement substantially in the form of Exhibit B-3 (or otherwise containing substantially comparable information) prepared by the Servicer and (ii) a certificate of a Servicing Officer substantially in the form of Exhibit C (or otherwise containing substantially comparable information). (c) On or before the date that is forty-five (45) days after each calendar quarter, beginning with the [•] quarter of 20[·], the Servicer shall provide to the Paying Agent, and the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder: (i) information with respect to the credit performance of the Series [•] Notes and the Receivables, including periodic and cumulative Receivables performance data, delinquency and modification data for the Receivables, substitutions and removals of the Receivables, servicer advances, if applicable, as well as losses that were allocated to the Series [•] Notes, if applicable, the remaining balance of the Receivables, and the percentage of each Class of Series [•] Notes in relation to the Series [•] Notes as a whole; and (ii) a statement regarding any changes to the information that was disclosed in connection with the issuance of the Series [•] Notes regarding the nature and amount of compensation paid to BBD, each Note Rating Agency (if applicable), any third-party advisor, any mortgage or other broker, and the Servicer, the extent to which any risk of loss on the Receivables is retained by any of them, and the amount and nature of any deferred compensation or similar arrangements. (d) At the time of delivery of any periodic distribution report and in any event at least once per calendar quarter, while the Series [•] Notes are outstanding, the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder copies of the Credit Risk and Performance Disclosure. (e) A copy of each statement or certificate provided pursuant to Section 7.04(a), (b) or (c) above may be obtained by any Series [•] Noteholder or any Note Owner thereof by a request in writing to the Servicer. (f) On or before January 31 of each calendar year, beginning with calendar year 20[·], the Paying Agent, on behalf of the Indenture Trustee, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series [•] Noteholder, a statement substantially in the form of Exhibit B-2 to this Indenture Supplement prepared by the Servicer for such calendar year or the applicable portion thereof during which such Person was a Series [•] Noteholder, together with other information as is required to be provided by an issuer of indebtedness under the Code. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Reports and Statements to Series. [•__]-[__] Noteholders. (a) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall forward to each Series [•__]-[__] Noteholder a statement substantially in the form of Exhibit B-1 (or otherwise containing substantially comparable information) prepared by the Servicer and delivered to the Paying Agent, which shall (amongst other things) set forth the Transferor Percentage as of the Transferor Amount Measurement Date and the amount of seller’s interest maintained by the Transferor as of the Transferor Amount Measurement Date calculated in accordance with Regulation RR. (b) On or prior to the second Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee, the Paying Agent, the Transferor, each Note Rating Agency and the Owner Trustee (i) a statement substantially in the form of Exhibit B-3 (or otherwise containing substantially comparable information) prepared by the Servicer and (ii) a certificate of a Servicing Officer substantially in the form of Exhibit C (or otherwise containing substantially comparable information). (c) On or before the date that is forty-five (45) days after each calendar quarter, beginning with the [•___] quarter of 20[·__], the Servicer shall provide to the Paying Agent, and the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•__]-[__] Noteholder: (i) information with respect to the credit performance of the Series [•__]-[__] Notes and the Receivables, including periodic and cumulative Receivables performance data, delinquency and modification data for the Receivables, substitutions and removals of the Receivables, servicer advances, if applicable, as well as losses that were allocated to the Series [•__]-[__] Notes, if applicable, the remaining balance of the Receivables, and the percentage of each Class of Series [•__]-[__] Notes in relation to the Series [•__]-[__] Notes as a whole; and (ii) a statement regarding any changes to the information that was disclosed in connection with the issuance of the Series [•__]-[__] Notes regarding the nature and amount of compensation paid to BBD, each Note Rating Agency (if applicable), any third-party advisor, any mortgage or other broker, and the Servicer, the extent to which any risk of loss on the Receivables is retained by any of them, and the amount and nature of any deferred compensation or similar arrangements. (d) At the time of delivery of any periodic distribution report and in any event at least once per calendar quarter, while the Series [•__]-[__] Notes are outstanding, the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•__]-[__] Noteholder copies of the Credit Risk and Performance Disclosure. (e) A copy of each statement or certificate provided pursuant to Section 7.04(a), (b) or (c) above may be obtained by any Series [•__]-[__] Noteholder or any Note Owner thereof by a request in writing to the Servicer. (f) On or before January 31 of each calendar year, beginning with calendar year 20[·__], the Paying Agent, on behalf of the Indenture Trustee, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series [•__]-[__] Noteholder, a statement substantially in the form of Exhibit B-2 to this Indenture Supplement prepared by the Servicer for such calendar year or the applicable portion thereof during which such Person was a Series [•__]-[__] Noteholder, together with other information as is required to be provided by an issuer of indebtedness under the Code. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Reports and Statements to Series. [•] Noteholders. (a) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder a statement substantially in the form of Exhibit B-1 (or otherwise containing substantially comparable information) prepared by the Servicer and delivered to the Paying Agent. (b) On or prior to the second Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee, the Paying Agent, the Transferor, each Note Rating Agency and the Owner Trustee (i) a statement substantially in the form of Exhibit B-3 (or otherwise containing substantially comparable information) prepared by the Servicer and (ii) a certificate of a Servicing Officer substantially in the form of Exhibit C (or otherwise containing substantially comparable information). (c) On or before the date that is forty-five (45) days after each calendar quarter, beginning with the [•] quarter of 20[·2012], the Servicer shall provide to the Paying Agent, and the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder: (i) information with respect to the credit performance of the Series [•] Notes and the Receivables, including periodic and cumulative Receivables performance data, delinquency and modification data for the Receivables, substitutions and removals of the Receivables, servicer advances, if applicable, as well as losses that were allocated to the Series [•] Notes, if applicable, the remaining balance of the Receivables, and the percentage of each Class of Series [•] Notes in relation to the Series [•] Notes as a whole; and (ii) a statement regarding any changes to the information that was disclosed in connection with the issuance of the Series [•] Notes regarding the nature and amount of compensation paid to BBD, each Note Rating Agency (if applicable), any third-party advisor, any mortgage or other broker, advisor and the Servicer, the extent to which any risk of loss on the Receivables is retained by any of them, Servicer and the amount and nature of any deferred compensation or similar arrangements. (d) At the time of delivery of any periodic distribution report and in any event at least once per calendar quarter, while the Series [•] Notes are outstanding, the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder copies of the Credit Risk and Performance Disclosure. (e) A copy of each statement or certificate provided pursuant to Section 7.04(a), (b) or (c) above may be obtained by any Series [•] Noteholder or any Note Owner thereof by a request in writing to the Servicer. (f) On or before [January 31 31] of each calendar year, beginning with calendar year 20[·2013], the Paying Agent, on behalf of the Indenture Trustee, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series [•] Noteholder, a statement substantially in the form of Exhibit B-2 to this Indenture Supplement prepared by the Servicer for such calendar year or the applicable portion thereof during which such Person was a Series [•] Noteholder, together with other information as is required to be provided by an issuer of indebtedness under the Code. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Reports and Statements to Series. [•] Noteholders. (a) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder a statement substantially in the form of Exhibit B-1 (or otherwise containing substantially comparable information) prepared by the Servicer and delivered to the Paying Agent, which shall (amongst other things) set forth the Transferor Percentage as of the Transferor Amount Measurement Date. (b) On or prior to the second Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee, the Paying Agent, the Transferor, each Note Rating Agency and the Owner Trustee (i) a statement substantially in the form of Exhibit B-3 (or otherwise containing substantially comparable information) prepared by the Servicer and (ii) a certificate of a Servicing Officer substantially in the form of Exhibit C (or otherwise containing substantially comparable information). (c) On or before the date that is forty-five (45) days after each calendar quarter, beginning with the [•] quarter of 20[·], the Servicer shall provide to the Paying Agent, and the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder: (i) information with respect to the credit performance of the Series [•] Notes and the Receivables, including periodic and cumulative Receivables performance data, delinquency and modification data for the Receivables, substitutions and removals of the Receivables, servicer advances, if applicable, as well as losses that were allocated to the Series [•] Notes, if applicable, the remaining balance of the Receivables, and the percentage of each Class of Series [•] Notes in relation to the Series [•] Notes as a whole; and (ii) a statement regarding any changes to the information that was disclosed in connection with the issuance of the Series [•] Notes regarding the nature and amount of compensation paid to BBD, each Note Rating Agency (if applicable), any third-party advisor, any mortgage or other broker, and the Servicer, the extent to which any risk of loss on the Receivables is retained by any of them, and the amount and nature of any deferred compensation or similar arrangements. (d) At the time of delivery of any periodic distribution report and in any event at least once per calendar quarter, while the Series [•] Notes are outstanding, the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder copies of the Credit Risk and Performance Disclosure. (e) A copy of each statement or certificate provided pursuant to Section 7.04(a), (b) or (c) above may be obtained by any Series [•] Noteholder or any Note Owner thereof by a request in writing to the Servicer. (f) On or before January 31 of each calendar year, beginning with calendar year 20[·], the Paying Agent, on behalf of the Indenture Trustee, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series [•] Noteholder, a statement substantially in the form of Exhibit B-2 to this Indenture Supplement prepared by the Servicer for such calendar year or the applicable portion thereof during which such Person was a Series [•] Noteholder, together with other information as is required to be provided by an issuer of indebtedness under the Code. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Paying Agent pursuant to any requirements of the Code as from time to time in effect.