Common use of Statements to Certificateholders and Noteholders Clause in Contracts

Statements to Certificateholders and Noteholders. (a) On each Distribution Date, the Indenture Trustee shall include with each distribution to each Noteholder and the Owner Trustee shall include with each distribution to each Certificateholder a statement (which statement shall also be provided to each Rating Agency) based on information in the Servicer's Certificate furnished pursuant to Section 4.08, setting forth for the Collection Period relating to such Distribution Date the following information: (i) the amount of the payment allocable to the principal amount of each Class of Notes and to the Certificate Balance; (ii) the amount of the payment allocable to interest on or with respect to each Class of Notes; (iii) the amount of the distribution allocable to the Yield Supplement Deposit, if any, plus reinvestment income, if any, on the Yield Supplement Account; (iv) the Pool Balance as of the close of business on the last day of the related Collection Period; (v) the amount of the Base Servicing Fee paid to the Servicer with respect to the related Collection Period, the amount of any unpaid Base Servicing Fees and the change in such amount from that of the prior Distribution Date; (vi) the Noteholders' Interest Carryover Shortfall and the Noteholders' Principal Carryover Shortfall, if any, with respect to each Class of Notes, and the change in such amounts from the preceding Distribution Date;

Appears in 1 contract

Sources: Sale and Servicing Agreement (Nissan Auto Receivables 2004-B Owner Trust)

Statements to Certificateholders and Noteholders. (a) On each Distribution Determination Date, the Servicer shall provide to Indenture Trustee shall include (with each distribution to each Noteholder and the Owner Trustee shall include with each distribution to each Certificateholder a statement (which statement shall also be provided copy to each Rating Agency) based on information written instructions for Indenture Trustee to forward to each Noteholder of record, to each Paying Agent, if any, and to Owner Trustee for Owner Trustee to forward to each Certificateholder of record, a statement substantially in the Servicer's Certificate furnished pursuant to Section 4.08, form of Exhibit A setting forth for the Collection Period relating to such Distribution Date at least the following informationinformation as to the Notes and the Certificates to the extent applicable: (ia) the amount of the payment such distribution allocable to the principal amount of each Class class of Notes and to the Certificate BalanceBalance of the Certificates; (iib) the amount of the payment such distribution allocable to interest on or with respect to each Class class of NotesNotes and to the Certificates; (iii) the amount of the distribution allocable to the Yield Supplement Deposit, if any, plus reinvestment income, if any, on the Yield Supplement Account; (ivc) the Pool Balance as of the close of business on the last day of the related preceding Collection Period; (vd) the aggregate outstanding principal balance of each class of the Notes, the Note Pool Factor for each such class, the Certificate Balance and the Certificate Pool Factor after giving effect to payments allocated to principal reported under clause (a) above; (e) the amount of the Base Servicing Fee paid to the Servicer with respect to the related Collection Period, the amount of any unpaid Base Servicing Fees Period and the change in such amount from that of the prior Distribution Date; (vi) the Noteholders' Interest Carryover Shortfall and the Noteholders' Principal Carryover Shortfall, if any, with respect to each Class of Notes, previously accrued and the change in such amounts from the preceding Distribution Dateunpaid Servicing Fees;

Appears in 1 contract

Sources: Sale and Servicing Agreement (Amsouth Auto Corp Inc)