Common use of Reports by Trustee to Noteholders Clause in Contracts

Reports by Trustee to Noteholders. On each Payment Date the Trustee shall deliver to the Noteholders a written report based upon the Payment Date Statement for such Payment Date as reviewed by a firm of Independent Accountants pursuant to Section 8.06(b) setting forth the amount of such payment which represents principal and the amount which represents interest (in each case on a per Individual Note basis), and the principal amount of an Individual Note after giving effect to the payment of principal made on such Payment Date.

Reports by Trustee to Noteholders. On each Payment Date the Trustee shall deliver to the Noteholders a written report based upon the Payment Date Statement for such Payment Date as reviewed by a firm of Independent Accountants pursuant to Section 8.06(b8.07(b) setting forth the amount of such payment which represents principal and the amount which represents interest (in each case on a per Individual Note basis), and the principal amount of an Individual Note after giving effect to the payment of principal made on such Payment Date.