Common use of Statements to Holders Clause in Contracts

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (k) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (h) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (k) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (hc) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables repurchased by Seller or purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (k) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (hc) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.

Statements to Holders. On (a) With respect to each Distribution Payment Date, the Master Servicer shall provide forward to the Indenture Trustee (with a copy and the Indenture Trustee shall forward by mail to each Certificateholder, Noteholder, [holder of the Residual Ownership Interest, the Credit Enhancer], the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency) written instructions for Trustee to forward to each Holder of record , a statement setting forth at least the following information as to [the Certificates Variable Funding Notes, Term] Notes, [the Residual Ownership Interest] and Certificates, to the extent applicable: (ai) the amount aggregate of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to all Security Interest Collections received during the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (gii) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to all Security Principal Collections received during the related Collection Period; (hiii) the Class A Interest Carryover Shortfall, aggregate of all Insurance Proceeds received during the Class B Interest Carryover Shortfall, related Collection Period; (iv) the Class A aggregate of the Liquidation Proceeds received during the calendar month preceding the month of such Payment Date; (v) the number and aggregate principal balance of any __________ Loans that were identified as Deleted ____________ Loans required to be repurchased pursuant to the __________ Loan Purchase Agreement or by the Master Servicer pursuant to this Servicing Agreement during the related Collection Period and (A) the aggregate Repurchase Price of any such Deleted ___________ Loans that will be repurchased by the related Originator or the Master Servicer prior to the following Payment Date and (B) the aggregate amount of any shortfall in respect of the aggregate Principal Carryover Shortfall and Balance of any Deleted _________ Loans for which the Class B Principal Carryover Shortfallrelated Originator or the Master Servicer substituted one or more Eligible Substitute __________ Loans, if any, to be deposited in each case as applicable the Collection Account prior to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Payment Date; (jvi) the Specified Reserve Account Balance as of the close of business on such Distribution Date; andmonthly Servicing Fee; (kvii) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (h) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined specified pursuant to clauses (i)-(v), inclusive, above, net of the amount specified in clauses clause (vi) above; (viii) the amount of interest on the Notes payable on such Payment Date and any previously accrued and unpaid interest for prior Payment Dates; (ix) the Principal Collections Distribution Amount for such Payment Date; (x) the Certificate Distribution Amount for such Payment Date; (xi) the amounts remaining available in the Payment Account on the related Payment Date after the payment of amounts required to be paid pursuant to the Indenture on such Payment Date; (xii) the outstanding Principal Balance of the Notes and the Certificates after giving effect to the payments to be made on such Payment Date; (xiii) any Liquidated Loss Amounts for such Payment Date, including cumulative losses up to such date; (xiv) in the event the Master Servicer has obtained a letter of credit, surety or similar agreement, the amount available under such letter of credit, surety or similar agreement after giving effect to any drawings made thereunder to and including the date of such statement; (xv) the book value (within the meaning of 12 C.F.R. Section 571.13 or comparable provision) of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure and held by the Indenture Trust for the benefit of the Holders of the Securities as of the last day of the related Collection Period; (xvi) the number and aggregate outstanding balances of all __________ Loans delinquent (a) ___ to ___ days and (b) above for such calendar year___ days or more, orrespectively, in as of the event such Person shall have been a Holder during a portion end of such calendar year, the related Collection Period; and (xvii) the Pool Balance for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Codefollowing Payment Date.

Statements to Holders. (a) On each Distribution Payment Date, Servicer the Indenture Trustee shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to prepare and forward by mail to each Holder of record the Notes (other than the Class N Notes), a statement setting forth at least the following information as to the Certificates to the extent applicablepayments made on such Payment Date setting forth: (ai) the amount of the distribution payment made on such Payment Date to the Holders of the Notes of each Class allocable to principal principal, and the amount of payment made on such Payment Date to the Holders of the Class A Certificates and the Class B CertificatesP Notes allocable to Prepayment Charges; (bii) the amount of the distribution payment made on such Payment Date to the Holders of the Notes of each Class allocable to interest on the Class A Certificates and the Class B Certificatesinterest; (iii) the aggregate Servicing Fee received by the Master Servicer during the related Due Period and such other customary information as the Indenture Trustee deems necessary or desirable, or which a Noteholder reasonably requests, to enable Noteholders to prepare their tax returns; (iv) the aggregate amount of P&I Advances for such Payment Date; (v) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Payment Date; (vi) the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date; (vii) the number and aggregate unpaid principal balance of Mortgage Loans (a) delinquent 30-59 days, (b) delinquent 60-89 days, (c) the amount delinquent 90 or more days in each case, as of the Servicing Fee paid last day of the preceding calendar month, (d) as to Servicer which foreclosure proceedings have been commenced and (e) with respect to which the related Collection PeriodMortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force; (dviii) with respect to any Mortgage Loan that became an REO Property during the Class A Certificate Balancepreceding calendar month, the Class A Pool Factorloan number of such Mortgage Loan, the Class B Certificate Balance unpaid principal balance and the Class B Pool Factor Stated Principal Balance of such Mortgage Loan as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a)the date it became an REO Property; (eix) the Pool book value and the Stated Principal Balance of any REO Property as of the close of business on the last day Business Day of the calendar month preceding Collection the Payment Date; (x) the aggregate amount of Principal Prepayments made during the related Prepayment Period; (fxi) the aggregate amount of Defaulted Receivables Realized Losses incurred during the related Prepayment Period (or, in the case of Bankruptcy Losses allocable to interest, during the related Due Period), separately identifying whether such Realized Losses constituted Bankruptcy Losses and Liquidation Proceedsthe aggregate amount of Realized Losses incurred since the Closing Date; (xii) the aggregate amount of Extraordinary REMIC Trust Expenses withdrawn from the Collection Account or the Payment Account for such Payment Date; (xiii) the aggregate Note Principal Balance of the each Class of Notes, after giving effect to the Payments, and allocations of Realized Losses, made on such Payment Date, separately identifying any reduction thereof due to allocations of Realized Losses; (xiv) the Note Factor for each such Class of Notes applicable to such Payment Date; (xv) the Interest Payment Amount in respect of each Class of Notes separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls; (xvi) the aggregate amount of any Prepayment Interest Shortfall for such Payment Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.23; (xvii) the aggregate amount of Relief Act Interest Shortfalls for such Payment Date; (xviii) the Overcollateralized Amounts, the Required Overcollateralized Amount and the Credit Enhancement Percentage Amount for such Payment Date; (xix) the Overcollateralization Increase Amount, if any, for such Collection PeriodPayment Date; (gxx) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover ShortfallOvercollateralization Reduction Amount, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in for such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Payment Date; (jxxi) with respect to any Mortgage Loan as to which foreclosure proceedings have been concluded, the Specified Reserve Account Balance loan number and unpaid principal balance of such Mortgage Loan as of the close date of business on such Distribution conclusion of foreclosure proceedings; (xxii) with respect to Mortgage Loans as to which a Final Liquidation has occurred, the number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans as of the date of such Final Liquidation and the amount of proceeds (including Liquidation Proceeds and Insurance Proceeds) collected in respect of such Mortgage Loans; (xxiii) the respective Interest Rates applicable to the Class A Notes and the Mezzanine Notes, for such Payment Date and the Interest Rate applicable to the Class A Notes and the Mezzanine Notes, for the immediately succeeding Payment Date; (xxiv) the Loss Severity Percentage with respect to each Mortgage Loan; and (kxxv) the numberAggregate Loss Severity Percentage The Indenture Trustee will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Holders, the Master Servicer and aggregate principal amount outstanding, Rating Agencies via the Trustee's internet website and its fax-on-demand service. In the case of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth information furnished pursuant to clauses subclauses (a)i) through (iii) above, (b) and (h) the amounts shall be expressed in the aggregate and as a dollar amount per $1,000 single Security of original denomination of a Certificatethe relevant Class. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer Indenture Trustee shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during the calendar year was a Holder of a Security a statement containing the information set forth in subclauses (i) through (iii) above, aggregated for such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the or applicable portion of thereof during which such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returnsperson was a Noteholder. The Such obligation of the Indenture Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Indenture Trustee pursuant to any requirement requirements of the CodeCode as from time to time are in force. On each Payment Date the Indenture Trustee shall provide Bloomberg Financial Markets, L.P. ("Bloomberg") CUSIP level factors for each class of Notes as of such Payment Date, using a format and media mutually acceptable to the Indenture Trustee and Bloomberg. (b) On each Payment Date, the Indenture Trustee shall prepare and forward by mail to each Holder of the Class N Notes, a statement as to the payments made on such Payment Date setting forth: (i) the amount of the payment made on such Payment Date to the Holders of the Class N Notes allocable to principal; (ii) the amount of the payment made on such Payment Date to the Holders of the Class N Notes allocable to interest; (iii) the aggregate payments received in respect of the Class S Notes and the Class P Notes. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Class N Note. Within a reasonable period of time after the end of each calendar year, the Indenture Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Class N Note a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Noteholder. Such obligation of the Indenture Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Indenture Trustee pursuant to any requirements of the Code as from time to time are in force. (c) On each Payment Date, the Indenture Trustee shall forward to the Depositor, each Holder of a Certificate and the Master Servicer, a copy of the reports forwarded to the Noteholders on such Payment Date and a statement setting forth the amounts, if any, actually distributed with respect to the Certificate, on such Payment Date. Within a reasonable period of time after the end of each calendar year, the Indenture Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Certificate a statement setting forth the amount, if any, actually distributed with respect to the Certificates of the related Class, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Indenture Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Indenture Trustee and furnished to such Holders pursuant to the rules and regulations of the Code as are in force from time to time. The Indenture Trustee shall, upon request, furnish to each Holder of Securities, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Holder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Holder in accordance with such reasonable and explicit instructions and directions as the Holder may provide. For purposes of this Section 4.02, the Indenture Trustee's duties are limited to the extent that the Indenture Trustee receives timely reports as required from the Master Servicer.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (k) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (hc) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.. 41

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (ai) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (bii) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (ciii) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (div) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (fvi) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (gvii) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (hviii) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (iix) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (jx) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (kxi) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (hc) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; 42 48 (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and (k) the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (h) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.

Statements to Holders. (a) On or prior to each Distribution Date, Servicer the Trust Collateral Agent shall provide to Trustee each Holder of record (with a copy to each the Insurer and the Rating AgencyAgencies) written instructions for Trustee to forward to each Holder a copy of record a statement setting forth at least the Servicer’s Certificate which shall contain the following information as to the Certificates Notes to the extent applicable: (ai) the amount of the such distribution allocable to principal on the of each Class A Certificates and the Class B Certificatesof Notes; (bii) the amount of the such distribution allocable to interest on the or with respect to each Class A Certificates and the Class B Certificatesof Notes; (ciii) the amount of such distribution payable out of amounts withdrawn from the Servicing Fee paid Spread Account or pursuant to Servicer with respect to a claim on the related Collection PeriodNote Policy; (div) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Aggregate Principal Balance as of the close of business on the last day of the preceding Collection Period; (fv) the aggregate outstanding principal amount of each Class of the Notes and the Note Pool Factor for each such Class after giving effect to payments allocated to principal reported under (i) above; (vi) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicing Fee paid to the Servicer with respect to the related Collection Period and/or due but unpaid with respect to such Collection Period or prior Collection Periods, as the case may be; (vii) the Noteholders’ Interest Carryover Amount; (viii) the amount of the aggregate Realized Losses, if any, for the second preceding Collection Period; (hix) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfallaggregate Purchase Amounts for Receivables, if any, in each case as applicable to each of that were repurchased by the Class A Certificates and the Class B Certificates, and the change Servicer in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Dateperiod; and (kx) the numberaggregate Sale Amounts for Sold Receivables, and aggregate principal amount outstandingif any, of Receivables past due 31-60, 61-90 and over 90 daysthat were sold by the Trust in such period. Each amount set forth pursuant to clauses paragraph (ai), (bii), (iii), (vi) and (hvii) above shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum initial principal balance of the amounts determined in clauses Notes (a) and or Class thereof). (b) The Trust Collateral Agent will make available each month to each Holder the statements referred to in Section 5.10(a) above for (and certain other documents, reports and information regarding the Receivables provided by the Servicer from time to time) via the Trust Collateral Agent’s internet website with the use of a password provided by the Trust Collateral Agent. The Trust Collateral Agent’s internet website will be located at xxx.xxx.xx.xxx/xxxx or at such calendar yearother address as the Trust Collateral Agent shall notify the Holders from time to time. For assistance with regard to this service, or, Holders can call the Trust Collateral Agent’s Corporate Trust Office at (000) 000-0000. The Trust Collateral Agent shall have the right to change the way the statements referred to in Section 5.10(a) above are distributed in order to make such distribution more convenient and/or more accessible to the parties entitled to receive such statements. The Trust Collateral Agent shall provide notification of any such change to all parties entitled to receive such statements in the event such Person shall have been a Holder during a portion of such calendar yearmanner described in Section 12.3 hereof, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation Section 11.4 of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement Indenture or Section 11.5 of the CodeIndenture, as appropriate.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the date of such Distribution Date and the Determination Date for such Distribution Date; (b) for each Class, the applicable Record Date and Interest Accrual Period; (c) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) ; the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (cd) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (de) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (ef) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (fg) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (gh) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (hi) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (ij) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (jk) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and; (kl) the number, and aggregate principal amount outstanding, of Receivables past due 31in 30-60day increments until foreclosure or other disposition; (m) any expenses or indemnification amounts paid by the Trust, 61the specific purpose of each payment and the parties to whom such payments were made; (n) any material modifications, extensions or waivers as to the Account terms, fees, penalties or payments since the previous Distribution Date and cumulatively since the Cut-90 off Date; (o) unless such information is set forth in the Form 10-D relating to such Distribution Date and over 90 daysprovided the Trustee is reasonably able to include such information on the statement, any material breaches of representations and warranties relating to the Accounts or the Receivables and any material breach of covenants hereunder; and (p) the number and aggregate principal balance of any Receivables repurchased by the Servicer from the Trust since the previous Distribution Date. Each amount set forth pursuant to clauses (ac), (bd) and (he) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (ac) and (bd) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code. The Trustee will make the monthly statement to Certificateholders (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, and other parties to this Agreement via the Trustee's Internet website, initially located at "www.[insert website address]." The Trustee will also make available copies of periodic reports the Trustee files with the Commission, including distribution reports on Form 10-D, annual reports on Form 10-K, current reports on Form 8-K and amendments to these reports, available through this website promptly (but no later than one Business Day) after they are filed with the Commission. Assistance in using the website can be obtained by calling the Trustee's customer service desk at [insert phone number]. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes.

Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: (a) the amount of the distribution allocable to principal on the Class A Certificates and the Class B Certificates; (b) the amount of the distribution allocable to interest on the Class A Certificates and the Class B Certificates; (c) the amount of the Servicing Fee paid to Servicer with respect to the related Collection Period; (d) the Class A Certificate Balance, the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period; (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding statement; (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (j) the Specified Reserve Account Balance as of the close of business on such Distribution Date; and and (k) k0 the number, and aggregate principal amount outstanding, of Receivables past due 31-60, 61-90 and over 90 days. Each amount set forth pursuant to clauses (a), (b) and (hc) shall be expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. Within a reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax returns. The obligation of the Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant to any requirement of the Code.