Common use of Servicer's Report Clause in Contracts

Servicer's Report. (a) On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies, a Servicer’s Report containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 hereof and Sections 8.2, 8.4 and 8.5 of the Indenture, together with the information to be made available by the Indenture Trustee pursuant to Section 7.4 of the Indenture, in each case, on such Payment Date, and any information reasonably requested by the Owner Trustee for it to prepare the reports pursuant to Section 5.3 of the Trust Agreement. At the sole option of the Servicer, each Servicer’s Report may be delivered in electronic or hard copy format. (b) No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.

Servicer's Report. (a) On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Paying Agent, with a copy to each of the Rating AgenciesAgencies [and the Swap Counterparty], a Servicer’s Report containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 hereof and Sections 8.2, 8.4 and 8.5 of the Indenture, together with the information to be made available by the Indenture Trustee pursuant to Section 7.4 of the Indenture, in each case, on such Payment Date, and any information reasonably requested by the Owner Trustee for it to prepare the reports pursuant to Section 5.3 of the Trust Agreement. At the sole option of the Servicer, each Servicer’s Report may be delivered in electronic or hard copy format. (b) No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.