Common use of Statements to Certificateholders and Noteholders Clause in Contracts

Statements to Certificateholders and Noteholders. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee, the Owner Trustee and each Paying Agent (with a copy to each Rating Agency and the Issuer) a monthly servicer report substantially in the form attached hereto as Exhibit D (each, a “Monthly Servicer Report”). 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. Delivery of the Monthly Servicer Report to the Indenture Trustee and the Owner Trustee is for informational purposes only and the Indenture Trustee’s and the Owner Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Indenture Trustee and the Owner Trustee are entitled to rely exclusively on Officer’s Certificates).