Common use of Reports to Noteholders Clause in Contracts

Reports to Noteholders. On each Payment Date, concurrently with the distribution or allocation to the Noteholders, the Trustee shall furnish to the Noteholders (with a copy to each Rating Agency), a report (which the Administrator covenants to timely prepare and deliver to the Trustee at least one Business Day prior to such Payment Date) prepared by the Administrator substantially in the form designated for such Series. Such report shall include a certification (i) that the information contained in such report is accurate, (ii) that no Event of Administrator Termination, or event that with notice or lapse of time or both would become an Event of Administrator Termination, has occurred, or if an Event of Administrator Termination or such event has occurred and is continuing, specifying the Event of Administrator Termination or such event and its status and (iii) that the representations and warranties of the Administrator contained in the Servicing Agreement are true and correct as though made on and as of the date of such certificate. Notwithstanding any provision of this Agreement to the contrary, the Trustee shall have no duty or obligation with respect to the information provided via the monthly computer tape or diskette, including, without limitation, to verify, monitor or otherwise supervise or administer the performance of the Servicer or the Administrator.

Reports to Noteholders. On each Payment Date, concurrently with the distribution or allocation to the Noteholders, the Trustee shall furnish to the the Noteholders (with a copy to each Rating Agency), a report (which the Administrator covenants to timely prepare and deliver to the Trustee at least one Business Day prior to such Payment Date) prepared by the Administrator substantially in the form designated for such Series. Such report shall include a certification (i) that the information contained in such report is accurate, (ii) that no Event of Administrator Termination, or event that with notice or lapse of time or both would become an Event of Administrator Termination, has occurred, or if an Event of Administrator Termination or such event has occurred and is continuing, specifying the Event of Administrator Termination or such event and its status and (iii) that the representations and warranties of the Administrator contained in the Servicing Agreement are true and correct as though made on and as of the date of such certificate. Notwithstanding any provision of this Agreement Indenture to the contrary, the Trustee shall have no duty or obligation with respect to the information provided via the monthly computer tape or disketteto it, including, without limitation, to verify, monitor or otherwise supervise or administer the performance of the Servicer or the Administrator.