Common use of Reports by the Administrator Clause in Contracts

Reports by the Administrator. On or prior to each Transfer Date, the Administrator will provide to the Indenture Trustee for the Indenture Trustee to forward to each Noteholder of record, and to the Owner Trustee, a statement setting forth (to the extent applicable) the following information as to the Notes with respect to the related Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution allocable to principal of the Notes; (ii) the amount of the distribution allocable to interest on or with respect to the Notes; (iii) the aggregate outstanding principal balance of the Notes after giving effect to all payments reported under clause (i) above on such date; and (iv) the amount, if any, on deposit in the Owner Trust Spread Account on such Payment Date, after giving effect to all transfers and withdrawals therefrom and all transfers and deposits thereto on such Payment Date, and the amount required to be on deposit in the Owner Trust Spread Account on such date. Each amount set forth pursuant to clauses (i) and (ii) above will be expressed as a dollar amount per $1,000 of the initial principal balance of the Notes.

Reports by the Administrator. On or prior to each Transfer Date, the Administrator will provide to the Indenture Trustee for the Indenture Trustee to forward to each Noteholder of record, and to the Owner Trustee, a statement setting forth (to the extent applicable) the following information as to the Notes with respect to the related Payment Date or the period since the previous Payment Date, as applicable: (i) the amount of the distribution allocable to principal of the Notes; (ii) the amount of the distribution allocable to interest on or with respect to the Notes; (iii) the aggregate outstanding principal balance of the Notes after giving effect to all payments reported under clause (i) above on such date; and (iv) the amountamount on deposit in a Owner Trust Spread Account, if any, on deposit in the Owner Trust Spread Account on such Payment Date, after giving effect to all transfers and withdrawals therefrom and all transfers and deposits thereto on such Payment Date, and the amount required to be on deposit in the Owner Trust Spread Account on such date. Each amount set forth pursuant to clauses (i) and (ii) above will be expressed as a dollar amount per $1,000 of the initial principal balance of the Notes.