Common use of Reports by Bond Trustee to Holders Clause in Contracts

Reports by Bond Trustee to Holders. (a) So long as the Bond Trustee is the Bond Registrar and Paying Agent, upon the written request of a Bondholder the Bond Trustee shall deliver to such Bondholder such information in its possession as may be required to enable such Holder to prepare its federal and state income tax returns. (b) On or prior to each Payment Date therefor, the Bond Trustee will provide to each Holder of Bonds on such Payment Date a statement prepared by the Servicer and provided to the Bond Trustee which will include (to the extent applicable) the following information as to the Bonds with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the payment to Bondholders allocable to principal; (ii) the amount of the payment to Bondholders allocable to interest; (iii) the Outstanding Amount, after giving effect to payments allocated to principal reported under (i) above; (iv) the difference, if any, between the Outstanding Amount and the Projected Principal Balance as of such Payment Date, after giving effect to payments to be made on such Payment Date; (v) the amount on deposit in the Capital Subaccount as of the Payment Date; (vi) the amount, if any, on deposit in the Excess Funds Subaccount as of the Payment Date; (vii) the amount paid to the Bond Trustee, the Delaware Trustee, and the Certificate Trustee since the previous Payment Date; (viii) the amount paid to the Servicer since the previous Payment Date; (ix) the amount paid to the Administrator since the previous Payment Date; and (x) any other transfers and payments to be made pursuant to the Bond Indenture since the previous Payment Date. (c) The Bond Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and Annual Accountant’s Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Bond Trustee, the Certificate Trustee, the Bondholders and the Rating Agencies and to the Servicer for posting on the 17g-5 Website in accordance with Rule 17g-5 of the Commission. (d) The Bond Trustee will provide to the Certificate Trustee the statement required to be sent to Certificateholders pursuant to Section 4.03 of the Certificate Indenture, such statement to be prepared by the Servicer and provided to the Bond Trustee with the statement referenced in 6.06(b) above.