Common use of Statements to Certificateholders and Noteholders Clause in Contracts

Statements to Certificateholders and Noteholders. On each Determination Date, the Servicer shall provide to the Trustee (with a copy to the Rating Agencies) for the Trustee to forward to each Noteholder of record, to each Paying Agent, if any, and to the Owner Trustee for the Owner Trustee to forward to each Certificateholder of record, a statement substantially in the form of Exhibit A, setting forth at least the following information as to the Notes and the Certificates to the extent applicable: (i) the amount of such distribution allocable to principal of each class of the Notes; (ii) the amount of such distribution allocable to interest on or with respect to each class of the Notes;

Appears in 1 contract

Sources: Sale and Servicing Agreement (Barnett Auto Receivables Corp)

Statements to Certificateholders and Noteholders. On each Determination Date, the Servicer shall provide to the Indenture Trustee (with a copy to the each Rating AgenciesAgency) written instructions for the Indenture Trustee to forward to each Noteholder of record, to each Paying Agent, if any, and to the Owner Trustee for the Owner Trustee to forward to each Certificateholder of record, a statement substantially in the form of Exhibit A, A setting forth at least the following information as to the Notes and the Certificates to the extent applicable: (ia) the amount of such distribution allocable to principal of each class of Notes and to the Notes; Certificate Balance of the Certificates; (iib) the amount of such distribution allocable to interest on or with respect to each class of the Notes; (c) the Pool Balance as of the close of business on the last day of the preceding Collection Period;

Appears in 1 contract

Sources: Sale and Servicing Agreement (Key Consumer Acceptance Corp)