Servicer Certificate. (a) On or prior to the close of business on each Determination Date, the Issuing Entity shall cause the Servicer to agree to deliver to the Indenture Trustee, the Issuing Entity, the Administrator and each Paying Agent hereunder, a certificate (the “Servicer Certificate”) including, among other things, the following information with respect to the related Collection Period: (i) the amount of the distribution allocable to principal of each Class of Notes; (ii) the amount of the distribution allocable to interest on each Class of Notes; (iii) the aggregate Note Balance of, and the Note Factor for, each Class of Notes as of the last day of the preceding Collection Period, after giving effect to payments on such Payment Date; (iv) the amount of the Servicing Fee paid to the Servicer with respect to the related Closed-End EN Collection Period, the amount of any unpaid Servicing Fees and the change in the amount from that of the prior Closed-End Exchange Note Payment Date; (v) the number and the aggregate purchase amount of Transaction Leases that have been repurchased by the Servicer; (vi) the Noteholders’ First Priority Principal Distributable Amount, if any, for the related Payment Date; (vii) the Noteholders’ Second Priority Principal Distributable Amount, if any, for the related Payment Date; (viii) the Noteholders’ Regular Principal Distributable Amount for the related Payment Date; (ix) the Interest Rate for each Class of the Notes for the related Payment Date; (x) the amount of any Class A-1 Noteholders’ Interest Carryover Shortfall, Class A-2 Noteholders’ Interest Carryover Shortfall, Class A-3 Noteholders’ Interest Carryover Shortfall, Class A-4 Noteholders’ Interest Carryover Shortfall, and Class B Noteholders’ Interest Carryover Shortfall, on the related Payment Date; (xi) the balance of the Reserve Account after giving effect to deposits and withdrawals to be made on that Closed-End Exchange Note Payment Date; (xii) the Administration Fee for the related Collection Period; (xiii) the aggregate Securitization Value and aggregate Base Residual Value of Transaction Units; (xiv) the number and Securitization Value of Transaction Unit turn-ins; (xv) the number of Transaction Units at the beginning and end of the Closed-End Collection Period; (xvi) the Overcollateralization Amount for the related Payment Date on the Exchange Note and the Notes; (xvii) whether the Delinquency Trigger has occurred on the related Payment Date; (xviii) Available Funds for the related Payment Date; (xix) the Class A Noteholders’ Interest Distributable Amount and the Class B Noteholders’ Interest Distributable Amount for such Payment Date; (xx) the initial Exchange Note balance and the Exchange Note balance as of the beginning and end of the related Collection Period; (xxi) the principal amount and interest due and payable on the Exchange Note on that Payment Date; (xxii) any amounts payable to the Asset Representations Reviewer, Indenture Trustee or Owner Trustee from Available Funds; (xxiii) delinquency, Credit Loss and Residual Loss information on the lease assets for the related Closed-End Collection Period; (xxiv) confirmation of ongoing retention of the Retained Interest; and (xxv) a material change in World Omni or the Depositor’s retained interest in the Notes or Certificates. Each amount set forth pursuant to clauses (i) and (ii) above shall be expressed in the aggregate and as a dollar amount per $1,000 of original principal balance of each as of Notes. (b) [RESERVED]. (c) The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer Certificate delivered to the Indenture Trustee in accordance with this Section or any certificate delivered to the Indenture Trustee pursuant to Section 13.4 of the Exchange Note Servicing Supplement, and the Indenture Trustee shall be fully protected in relying upon such Servicer Certificate.
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Samples: Indenture (World Omni LT), Indenture (World Omni LT), Indenture (World Omni Auto Leasing LLC)
Servicer Certificate. (a) On or prior Prior to the close of business 11:00 a.m., New York City time, on each Determination Date, the Issuing Entity Issuer shall cause the Servicer to agree to deliver to the Indenture Trustee, the Issuing EntityIssuer, the Administrator and each Paying Agent hereunder, a certificate (the “"Servicer Certificate”") including, among other things, the following information with respect to the related Payment Date and the related Collection Period:
(i) the amount of the distribution allocable to principal of each Class of NotesCollections for such Collection Period;
(ii) the amount of the distribution allocable to interest on each Class of NotesAvailable Funds for such Collection Period;
(iii) the aggregate Accrued Class A-1 Note Interest, the Accrued Class A-2 Note Interest, the Accrued Class A-3 Note Interest and the Accrued Class A-4 Note Interest with respect to such Payment Date;
(iv) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance of, and the Class A-4 Note Factor forBalance, in each Class of Notes as of the last day of the preceding Collection Period, after case before giving effect to payments on such Payment Date;
(ivA) the amount of the Servicing Fee paid to the Servicer with respect to the related Closed-End EN Collection Period, the amount of any unpaid Servicing Fees and the change on deposit in the amount from that of the prior Closed-End Exchange Note Payment Date;
(v) the number and the aggregate purchase amount of Transaction Leases that have been repurchased by the Servicer;
(vi) the Noteholders’ First Priority Principal Distributable Amount, if any, for the related Payment Date;
(vii) the Noteholders’ Second Priority Principal Distributable Amount, if any, for the related Payment Date;
(viii) the Noteholders’ Regular Principal Distributable Amount for the related Payment Date;
(ix) the Interest Rate for each Class of the Notes for the related Payment Date;
(x) the amount of any Class A-1 Noteholders’ Interest Carryover Shortfall, Class A-2 Noteholders’ Interest Carryover Shortfall, Class A-3 Noteholders’ Interest Carryover Shortfall, Class A-4 Noteholders’ Interest Carryover Shortfall, and Class B Noteholders’ Interest Carryover Shortfall, on the related Payment Date;
(xi) the balance of the Reserve Account after giving effect to deposits and withdrawals to be made on that Closed-End Exchange Note Payment Date;
(xii) the Administration Fee for the related Collection Period;
(xiii) the aggregate Securitization Value and aggregate Base Residual Value of Transaction Units;
(xiv) the number and Securitization Value of Transaction Unit turn-ins;
(xv) the number of Transaction Units at the beginning and end of the Closed-End Collection Period;
(xvi) the Overcollateralization Amount for the related Payment Date on the Exchange Note and the Notes;
(xvii) whether the Delinquency Trigger has occurred on the related Payment Date;
(xviii) Available Funds for the related Payment Date;
(xix) the Class A Noteholders’ Interest Distributable Amount and the Class B Noteholders’ Interest Distributable Amount for such Payment Date;
(xx) the initial Exchange Note balance and the Exchange Note balance Specified Targeted Account Balance, each as of the beginning and end of the related Collection Period;
, (xxiB) the principal amount deposited in the Reserve Account in respect of such Payment Date, if any, (C) the amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (D) the balance on deposit in the Reserve Account on such Payment Date after giving effect to withdrawals therefrom and interest due deposits thereto in respect of such Payment Date and payable on (E) the Exchange Note on that change in such balance from the immediately preceding Payment Date;
(xxiivi) any amounts payable to the Asset Representations Reviewer, Indenture Trustee or Owner Trustee from Available Fundsaggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(xxiiivii) delinquency, Credit Loss the First Priority Principal Distribution Amount and Residual Loss information the Regular Principal Distribution Amount for such Payment Date;
(viii) the Note Factor for each Class of the Notes (after giving effect to distributions to the Noteholders on such Payment Date);
(ix) the lease assets amount of Advances included in Available Funds for the related Closed-End such Collection Period;
(xxivx) confirmation of ongoing retention of any Payment Date Advance Reimbursement for such Collection Period;
(xi) amounts released to the Retained InterestCertificateholders on such Payment Date;
(xii) the Servicing Fee and the Administration Fee for such Collection Period; and
(xxvxiii) a material change in World Omni or the Depositor’s retained interest in the Notes or Certificatesamount of Cumulative Net Residual Losses and Cumulative Net Credit Losses through such Collection Period. Each amount set forth pursuant to clauses (iiii), (iv), (vi) and (iivii) above shall be expressed in the aggregate and as a dollar amount per $1,000 of original principal balance of each as of Notesa Note.
(b) [RESERVED].
(c) The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer Certificate delivered to the Indenture Trustee in accordance with this Section or any certificate delivered to the Indenture Trustee pursuant to Section 13.4 of the Exchange Note Servicing SupplementSection, and the Indenture Trustee shall be fully protected in relying upon such Servicer Certificate.
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Samples: Indenture (Volkswagen Public Auto Loan Securitization LLC)