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

Reports by Note Trustee to Holders. (a) So long as the Note Trustee is the Note Registrar and Paying Agent, it shall deliver to each Noteholder 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 Note Trustee will deliver to each Holder of Notes on such Payment Date a statement as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the Notes with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution to Noteholders allocable to principal; (ii) the amount of the distribution to Noteholders allocable to interest; (iii) the aggregate outstanding Principal Balance of the Notes, after giving effect to payments allocated to principal reported under (i) above; (iv) the difference, if any, between the Principal Balance and the Projected Principal Balance as of such Payment Date, after giving effect to distributions to be made on such Payment Date; (v) the amount on deposit in the Overcollateralization Subaccount and the Required Overcollateralization Level as of the Payment Date; (vi) the amount on deposit in the Capital Subaccount as of the Payment Date; (vii) the amount, if any, on deposit in the Reserve Subaccount as of the Payment Date; (viii) the amount paid to the Note Trustee, the Delaware Trustee, and the Certificate Trustee since the previous Payment Date; (ix) the amount paid to the Servicer since the previous Payment Date; (x) the amount paid to the Administrator since the previous Payment Date; and (xi) any other transfers and payments to be made pursuant to the Note Indenture since the previous Payment Date. (c) The Note 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 Note Trustee, the Noteholders and the Rating Agencies. (d) If the Note Trustee is also serving as the Certificate Trustee, it shall also prepare the statements required to be delivered to Certificateholders pursuant to Section 4.02(d) of the Certificate Indenture.

Reports by Note Trustee to Holders. (a) So long as the Note Trustee is the Note Registrar and Paying Agent, it shall deliver to each Noteholder 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 Note Trustee will deliver to each Holder of Notes on such Payment Date a statement as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the Notes with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution to Noteholders allocable to principalprincipal (such amount to be expressed as an aggregate dollar amount and as a dollar amount per $1,000 of original principal amount); (ii) the amount of the distribution to Noteholders allocable to interestinterest (such amount to be expressed as an aggregate dollar amount and as a dollar amount per $1,000 of original principal amount); (iii) the aggregate outstanding Principal Balance Outstanding Amount of the Notes, after giving effect to payments allocated to principal reported under (i) above;; and (iv) the difference, if any, between the Principal Balance Outstanding Amount of the Notes and the Projected Principal Balance as of such Payment Date, after giving effect to distributions to be made on such Payment Date. (c) On or prior to each Payment Date therefor, the Note Trustee will deliver to each Holder of Notes on such Payment Date a statement which will include the following information: (i) the balance of amounts on deposit in the Reserve Subaccount after giving effect to payments and allocations made or to be made on such Payment Date; (vii) the amount balance of amounts on deposit in the Overcollateralization Subaccount after giving effect to payments and the Required Overcollateralization Level as of the allocations made or to be made on such Payment Date;; and (viiii) the amount balance of amounts on deposit in the Capital Subaccount as of the Payment Date; (vii) the amount, if any, on deposit in the Reserve Subaccount as of the Payment Date; (viii) the amount paid after giving effect to the Note Trustee, the Delaware Trustee, payments and the Certificate Trustee since the previous Payment Date; (ix) the amount paid to the Servicer since the previous Payment Date; (x) the amount paid to the Administrator since the previous Payment Date; and (xi) any other transfers and payments allocations made or to be made pursuant to the Note Indenture since the previous on such Payment Date. (cd) The Note Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant’s 's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Note Trustee, the Noteholders and the Rating Agencies. (d) . If the Note Trustee is also serving as the Certificate Trustee, it shall also prepare the statements required to be delivered to Certificateholders pursuant to Section 4.02(d) of the Certificate Indenture.

Reports by Note Trustee to Holders. (a) So long as the Note Trustee is the Note Registrar and Paying Agent, it shall deliver to each Noteholder 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 Note Trustee will deliver to each Holder of Notes on such Payment Date a statement as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the Notes with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution to Noteholders allocable to principal; (ii) the amount of the distribution to Noteholders allocable to interest; (iii) the aggregate outstanding Principal Balance of the Notes, after giving effect to payments allocated to principal reported under (i) above;; and (iv) the difference, if any, between the Principal Balance and the Projected Principal Balance as of such Payment Date, after giving effect to distributions to be made on such Payment Date; (v) the amount on deposit in the Overcollateralization Subaccount and the Required Overcollateralization Level as of the Payment Date; (vi) the amount on deposit in the Capital Subaccount as of the Payment Date; (vii) the amount, if any, on deposit in the Reserve Subaccount as of the Payment Date; (viii) the amount paid to the Note Trustee, the Delaware Trustee, and the Certificate Trustee since the previous Payment Date; (ix) the amount paid to the Servicer since the previous Payment Date; (x) the amount paid to the Administrator since the previous Payment Date; and (xi) any other transfers and payments to be made pursuant to the Note Indenture since the previous Payment Date. (c) The Note Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant’s 's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Note Trustee, the Noteholders and the Rating Agencies. (d) . If the Note Trustee is also serving as the Certificate Trustee, it shall also prepare the statements required to be delivered to Certificateholders pursuant to Section 4.02(d) of the Certificate Indenture.

Reports by Note Trustee to Holders. (a) So long as the Note Trustee is the Note Registrar and Paying Agent, it shall deliver to each Noteholder 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 Note Trustee will deliver to each Holder of Notes on such Payment Date a statement as provided and prepared by the Servicer which will include (to the extent applicable) the following information as to the Notes with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution to Noteholders allocable to principal; (ii) the amount of the distribution to Noteholders allocable to interest; (iii) the aggregate outstanding Principal Balance of the Notes, after giving effect to payments allocated to principal reported under under (i) above;; and (iv) the difference, if any, between the Principal Balance and the Projected Principal Balance as of such Payment Date, after giving effect to distributions to be made on such Payment Date. (c) On or prior to each Payment Date therefor, the Note Trustee will deliver to each Holder of Notes on such Payment Date a statement which will include the following information: (i) the balance of amounts on deposit in the Reserve Subaccount after giving affect to payments and allocations made or to be made on such Payment Date; (vii) the amount balance of amounts on deposit in the Overcollateralization Subaccount after giving affect to payments and the Required Overcollateralization Level as of the allocations made or to be made on such Payment Date;; and (viiii) the amount balance of amounts on deposit in the Capital Subaccount as of the Payment Date; (vii) the amount, if any, on deposit in the Reserve Subaccount as of the Payment Date; (viii) the amount paid after giving affect to the Note Trustee, the Delaware Trustee, payments and the Certificate Trustee since the previous Payment Date; (ix) the amount paid to the Servicer since the previous Payment Date; (x) the amount paid to the Administrator since the previous Payment Date; and (xi) any other transfers and payments allocations made or to be made pursuant to the Note Indenture since the previous on such Payment Date. (cd) The Note Issuer shall send a copy of each Certificate of Compliance delivered to it pursuant to Section 3.03 of the Servicing Agreement and each Annual Accountant’s 's Report delivered to it pursuant to Section 3.04 of the Servicing Agreement to the Note Trustee, the Noteholders and the Rating Agencies. (d) . If the Note Trustee is also serving as the Certificate Trustee, it shall also prepare the statements required to be delivered to Certificateholders pursuant to Section 4.02(d) of the Certificate Indenture.