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

Reports by Indenture Trustee to Holders. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, in each case as determined by the Servicer, the Indenture Trustee shall deliver to each Person who at any time during the preceding calendar year was a Noteholder a statement prepared by the Servicer pursuant to Section 3.9 of the Sale and Servicing Agreement containing the information which is required to be expressed in the Payment Date statements as a dollar amount per $1,000 of original denomination of the Notes or Class of Notes, as applicable, aggregated for such calendar year, for the purposes of such Noteholder's preparation of Federal income tax returns.