Reports and Statements to Series [__]-[__] Noteholders Sample Clauses
Reports and Statements to Series [__]-[__] Noteholders. (a) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder a statement substantially in the form of Exhibit B-1 (or otherwise containing substantially comparable information) prepared by the Servicer and delivered to the Paying Agent, which shall (amongst other things) set forth the Transferor Percentage as of the Transferor Amount Measurement Date.
(b) On or prior to the second Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee, the Paying Agent, the Transferor, each Note Rating Agency and the Owner Trustee (i) a statement substantially in the form of Exhibit B-3 (or otherwise containing substantially comparable information) prepared by the Servicer and (ii) a certificate of a Servicing Officer substantially in the form of Exhibit C (or otherwise containing substantially comparable information).
(c) On or before the date that is forty-five (45) days after each calendar quarter, beginning with the [•] quarter of 20[·], the Servicer shall provide to the Paying Agent, and the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder:
(i) information with respect to the credit performance of the Series [•] Notes and the Receivables, including periodic and cumulative Receivables performance data, delinquency and modification data for the Receivables, substitutions and removals of the Receivables, servicer advances, if applicable, as well as losses that were allocated to the Series [•] Notes, if applicable, the remaining balance of the Receivables, and the percentage of each Class of Series [•] Notes in relation to the Series [•] Notes as a whole; and
(ii) a statement regarding any changes to the information that was disclosed in connection with the issuance of the Series [•] Notes regarding the nature and amount of compensation paid to BBD, each Note Rating Agency (if applicable), any third-party advisor, any mortgage or other broker, and the Servicer, the extent to which any risk of loss on the Receivables is retained by any of them, and the amount and nature of any deferred compensation or similar arrangements.
(d) At the time of delivery of any periodic distribution report and in any event at least once per calendar quarter, while the Series [•] Notes are outstanding, the Paying Agent on behalf of the Indenture Trustee, shall forward to each Series [•] Noteholder copies of the Credit Risk and Performance Disclosure.
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Reports and Statements to Series [__]-[__] Noteholders. (a) Not later than the second Business Day preceding each Payment Date, the Issuer shall deliver, or cause the Master Servicer to deliver to the Trustee, the Indenture Trustee, each Series [ ] Noteholder and each Rating Agency a statement substantially in the form of Exhibit B prepared by the Master Servicer; provided, that the Issuer may amend the form of Exhibit B from time to time with the prior written consent of the Indenture Trustee.
(b) On or before January 31 of each calendar year, beginning with January 31, 2005, the [Trustee, on behalf of the] Issuer, shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series [ ] Noteholder the information for the preceding calendar year, or the applicable portion thereof during which the Person was a Noteholder, as is required to be provided by an issuer of indebtedness under the Code to the holders of the Issuer's indebtedness and such other customary information as is necessary to enable such Noteholder to prepare its federal income tax returns. Notwithstanding anything to the contrary contained in this Agreement, [the Trustee, on behalf of] the Issuer, shall, to the extent required by applicable law, from time to time furnish to the appropriate Persons, at least five (5) Business Days prior to the end of the period required by applicable law, the information required to complete a Form 1099-INT.
Reports and Statements to Series [__]-[__] Noteholders. (a) Not later than the second Business Day preceding each Payment Date, the Issuer shall deliver, or cause the Master Servicer to deliver to the Trustee, the Indenture Trustee (who shall deliver to or cause to be delivered to each Series [_____] Noteholder) and each Rating Agency a statement substantially in the form of Exhibit B prepared by the Master Servicer; provided, that the Issuer may amend the form of Exhibit B from time to time with the prior written consent of the Indenture Trustee.