Common use of Trust Administrator’s Accounting Clause in Contracts

Trust Administrator’s Accounting. On each Determination Date under a Further Transfer and Administration Agreement, the Trust Administrator shall deliver to each of the trustees and other applicable parties under the Further Transfer and Administration Agreements and to XXXX and, if any of the Rated Notes are outstanding, the Rating Agencies a Trust Administrator’s Accounting with respect to the immediately preceding Monthly Period executed by the President or any Vice President of the Trust Administrator containing all information necessary to each such party for making any distributions required by the Further Transfer and Administration Agreements, and all information necessary to each such party for sending any statements required under the Further Transfer and Administration Agreements. COLT 20__-SN_ Secured Notes to be purchased by the Trust Administrator under Sections 3.04 or 5.04 or to be repurchased by XXXX or Ally Financial under the Further Transfer and Administration Agreements as of the last day of any Monthly Period shall be identified by the registration number on such COLT 20__-SN_ Secured Note (as set forth in the Schedule of Secured Notes). With respect to any COLT 20__-SN_ Secured Notes for which XXXX is the Owner, the Trust Administrator shall deliver to XXXX such accountings relating to such COLT 20__-SN_ Secured Notes and the actions of the Trust Administrator with respect thereto as XXXX may reasonably request.

Trust Administrator’s Accounting. On each Determination Date under a Further Transfer and Administration Agreement, the Trust Administrator shall deliver to each of the trustees and other applicable parties under the Further Transfer and Administration Agreements and to XXXX and, if any of the Rated Notes are outstanding, and the Rating Agencies a Trust Administrator’s 's Accounting with respect to the immediately preceding Monthly Period executed by the President or any Vice President of the Trust Administrator containing all information necessary to each such party for making any distributions required by the Further Transfer and Administration Agreements, and all information necessary to each such party for sending any statements required under the Further Transfer and Administration Agreements. COLT 20__-SN_ 2005-SN1 Secured Notes to be purchased by the Trust Administrator under Sections 3.04 3.06 or 5.04 or to be repurchased by XXXX or Ally Financial GMAC under the Further Transfer and Administration Agreements as of the last day of any Monthly Period shall be identified by the registration number name of the state identified on such COLT 20__-SN_ 2005-SN1 Secured Note (as set forth in the Schedule of Secured Notes). With respect to any COLT 20__-SN_ 2005-SN1 Secured Notes for which XXXX is the Owner, the Trust Administrator shall deliver to XXXX such accountings relating to such COLT 20__-SN_ 2005-SN1 Secured Notes and the actions of the Trust Administrator with respect thereto as XXXX may reasonably request.

Trust Administrator’s Accounting. On each Determination Date under a Further Transfer and Administration Agreement, the Trust Administrator shall deliver to each of the trustees and other applicable parties under the Further Transfer and Administration Agreements and to XXXX and, if any of the Rated Notes are outstanding, and the Rating Agencies a Trust Administrator’s 's Accounting with respect to the immediately preceding Monthly Period executed by the President or any Vice President of the Trust Administrator containing all information necessary to each such party for making any distributions required by the Further Transfer and Administration Agreements, and all information necessary to each such party for sending any statements required under the Further Transfer and Administration Agreements. COLT 20__-SN_ 2007-SN1 Secured Notes to be purchased by the Trust Administrator under Sections 3.04 3.06 or 5.04 or to be repurchased by XXXX or Ally Financial GMAC under the Further Transfer and Administration Agreements as of the last day of any Monthly Period shall be identified by the registration number on such COLT 20__-SN_ 2007-SN1 Secured Note (as set forth in the Schedule of Secured Notes). With respect to any COLT 20__-SN_ 2007-SN1 Secured Notes for which XXXX is the Owner, the Trust Administrator shall deliver to XXXX such accountings relating to such COLT 20__-SN_ 2007-SN1 Secured Notes and the actions of the Trust Administrator with respect thereto as XXXX may reasonably request.