Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable): (a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes; (b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date; (i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date; (d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date; (f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees; (g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees; (h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date; (i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period; (j) the amount of Collections for the related Collection Period; (k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period; (l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable; (m) the amount remaining of any overcollateralization; and (n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) below a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth the Servicer’s Monthly Certificate for the related Collection Period and Payment Date relating pursuant to such Determination Date Section 4.09. Such Servicer’s Monthly Certificate shall contain the following information (to the extent applicable):
(ai) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(bii) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(iiii) (A) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiB) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiC) the Specified Reserve Account Balance Required Amount and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivD) the change in such balance from the immediately preceding Payment Date;
(div) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(fvi) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(gvii) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(hviii) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(iix) the aggregate Repurchase Purchase Price with respect to repurchased Purchased Receivables paid (A) purchased by (i) the Servicer and (iiB) repurchased by the Seller with respect to the related such Collection Period;
(jx) the amount of Available Collections for the related such Collection Period;
(kxi) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related such Collection Period;
(lxii) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Defaulted Receivable;
(mxiii) the amount remaining of any overcollateralization; and;
(nxiv) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed; and
(xv) the aggregate amount distributed to Certificateholders. Each amount set forth pursuant to paragraph clause (ai) or (hviii) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). .
(b) The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b7.07(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇▇/investpublic /abs or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06Agreement.
(c) Within the prescribed period of time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by Applicable Law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to each such Person at such time any other information necessary under Applicable Law for the preparation of such tax returns.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (California Republic Auto Receivables Trust 2016-2), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2016-2), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2016-1)
Statements to Noteholders and the Indenture Trustee. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) below a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth the Servicer’s Monthly Certificate for the related Collection Period and Payment Date relating pursuant to such Determination Date Section 4.09. Such Servicer’s Monthly Certificate shall contain the following information (to the extent applicable):
(ai) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(bii) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(iiii) (A) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiB) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiC) the Specified Reserve Account Balance Required Amount and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivD) the change in such balance from the immediately preceding Payment Date;
(div) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(fvi) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(gvii) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(hviii) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(iix) the aggregate Repurchase Purchase Price with respect to repurchased Purchased Receivables paid (A) purchased by (i) the Servicer and (iiB) repurchased by the Seller with respect to the related such Collection Period;
(jx) the amount of Available Collections for the related such Collection Period;
(kxi) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related such Collection Period;
(lxii) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Defaulted Receivable;
(mxiii) the amount remaining of any overcollateralization; and;
(nxiv) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed; and
(xv) the aggregate amount distributed to Certificateholders. Each amount set forth pursuant to paragraph clause (ai) or (hviii) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). .
(b) The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b7.07(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic [ ] or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06Agreement.
(c) Within the prescribed period of time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by Applicable Law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to each such Person at such time any other information necessary under Applicable Law for the preparation of such tax returns.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) below a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth the Servicer’s Monthly Certificate for the related Collection Period and Payment Date relating pursuant to such Determination Date Section 4.09(a). Such Servicer’s Monthly Certificate shall contain the following information (to the extent applicable):
(ai) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(bii) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance, the Class C Note Balance and the Class C D Note Balance, in each case after giving effect to payments on such Payment Date;
(iiii) (A) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiB) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiC) the Specified Reserve Account Balance Required Amount and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivD) the change in such balance from the immediately preceding Payment Date;
(div) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Regular Principal Distribution Amount;
(ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(fvi) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(gvii) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(hviii) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall, the Class C Noteholders’ Interest Carryover Shortfall and the Class C D Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(iix) the aggregate Repurchase Purchase Price with respect to repurchased Purchased Receivables paid (A) purchased by (i) the Servicer and (iiB) repurchased by the Seller with respect to the related such Collection Period;
(jx) the amount of Available Collections for the related such Collection Period;
(kxi) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related such Collection Period;
(lxii) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Defaulted Receivable;
(mxiii) the amount remaining of any overcollateralization; and;
(nxiv) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed; and
(xv) the aggregate amount distributed to Certificateholders. Each amount set forth pursuant to paragraph clause (ai) or (hviii) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). .
(b) The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b7.07(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇▇/investpublic /abs or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06Agreement.
(c) Within the prescribed period of time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by Applicable Law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to each such Person at such time any other information necessary under Applicable Law for the preparation of such tax returns.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(j) the amount of Collections for the related Collection Period;
(k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period;
(l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable;
(m) the amount remaining of any overcollateralization; and
(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (California Republic Auto Receivables Trust 2015-2), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2015-1)
Statements to Noteholders and the Indenture Trustee. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) below a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth the Servicer’s Monthly Certificate for the related Collection Period and Payment Date relating pursuant to such Determination Date Section 4.09(a). Such Servicer’s Monthly Certificate shall contain the following information (to the extent applicable):
(ai) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(bii) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(iiii) (A) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiB) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiC) the Specified Reserve Account Balance Required Amount and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivD) the change in such balance from the immediately preceding Payment Date;
(div) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(fvi) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(gvii) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(hviii) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(iix) the aggregate Repurchase Purchase Price with respect to repurchased Purchased Receivables paid (A) purchased by (i) the Servicer and (iiB) repurchased by the Seller with respect to the related such Collection Period;
(jx) the amount of Available Collections for the related such Collection Period;
(kxi) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related such Collection Period;
(lxii) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Defaulted Receivable;
(mxiii) the amount remaining of any overcollateralization; and;
(nxiv) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed; and
(xv) the aggregate amount distributed to Certificateholders. Each amount set forth pursuant to paragraph clause (ai) or (hviii) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). .
(b) The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b7.07(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇▇/investpublic /abs or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06Agreement.
(c) Within the prescribed period of time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by Applicable Law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to each such Person at such time any other information necessary under Applicable Law for the preparation of such tax returns.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (California Republic Auto Receivables Trust 2017-1), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2017-1)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) [the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;]
(h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(j) the amount of Collections for the related Collection Period;
(k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period;
(l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable;
(m) the amount remaining of any overcollateralization; and
(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic [ ] or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 1 contract
Sources: Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. (a) On or before each Determination Date, the Servicer shall deliver to the Depositor, the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) below a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth the Servicer’s Monthly Certificate for the related Collection Period and Payment Date relating pursuant to such Determination Date Section 4.09. Such Servicer’s Monthly Certificate shall contain the following information (to the extent applicable):
(ai) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(bii) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(iiii) (A) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiB) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiC) the Specified Reserve Account Balance Required Amount and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivD) the change in such balance from the immediately preceding Payment Date;
(div) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(ev) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(fvi) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(gvii) the amount of the Backup Servicing Fee to be paid to the any Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(hviii) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(iix) the aggregate Repurchase Purchase Price with respect to repurchased Purchased Receivables paid (A) purchased by (i) the Servicer and (iiB) repurchased by the Seller with respect to the related such Collection Period;
(jx) the amount of Available Collections for the related such Collection Period;
(kxi) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related such Collection Period;
(lxii) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Defaulted Receivable;
(mxiii) the amount remaining of any overcollateralization; and;
(nxiv) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed; and
(xv) the aggregate amount distributed to Certificateholders. Each amount set forth pursuant to paragraph clause (ai) or (hviii) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). .
(b) The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇▇/investpublic /abs or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06Agreement.
(c) Within the prescribed period of time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by Applicable Law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to each such Person at such time any other information necessary under Applicable Law for the preparation of such tax returns.
Appears in 1 contract
Sources: Sale and Servicing Agreement (California Republic Auto Receivables Trust 2015-3)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(j) the amount of Collections for the related Collection Period;
(k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period;
(l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable;
(m) the amount remaining of any overcollateralization; and
(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 [ ] of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b7.04(c) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic [ ] or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 1 contract
Sources: Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer Issuing Entity that the statement has been posted on the Rule 17g-5 Website), ) shall make available on its website (website, as described below) a below such copy to the Issuer Issuing Entity and to each Noteholder of record as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance, the Class C Note Balance and the Class C D Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount on deposit in the Reserve Account and the Specified Reserve Account Balance, each as of the beginning and end of the related Collection Period, (ii) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiiii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiiv) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, Account on such Payment Date after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Regular Principal Distribution AmountAmount for such Payment Date;
(e) the Net Pool Balance and the Note Factor as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment DatePeriod;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;; Sale and Servicing Agreement
(g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(h) the amount of Class A Noteholders’ Interest Carryover Shortfall the Class A-1 B Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B C Noteholders’ Interest Carryover Shortfall and the Class C D Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(ih) the aggregate Repurchase Price with respect to repurchased Receivables Loans paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(ji) the amount of Collections for the related Collection Period;
(j) Reserved;
(k) Reserved;
(l) Reserved;
(m) the number of, and aggregate amount of payments due on, the related Receivables Loans which are delinquent as of the end of the related Collection Period;
(ln) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable Loan which is a Liquidated ReceivableNet Loss Asset;
(mo) the amount remaining of any overcollateralization; and;
(np) the number and aggregate Outstanding Principal Balance of Receivables Loans for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.; and
Appears in 1 contract
Sources: Sale and Servicing Agreement (Huntington Auto Trust 2012-2)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) [the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;]
(h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(j) the amount of Collections for the related Collection Period;
(k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period;
(l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable;
(m) the amount remaining of any overcollateralization; and
(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 1 contract
Sources: Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal and the Regular Principal Distribution Amount;
(e) the Pool Balance as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(h) the amount of the Class A-1 Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(i) the aggregate Repurchase Price with respect to repurchased Receivables paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(j) the amount of Collections for the related Collection Period;
(k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of the end of the related Collection Period;
(l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable which is a Liquidated Receivable;
(m) the amount remaining of any overcollateralization; and
(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.
Appears in 1 contract
Sources: Sale and Servicing Agreement (California Republic Funding LLC)
Statements to Noteholders and the Indenture Trustee. On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer Issuing Entity that the statement has been posted on the Rule 17g-5 Website), ) shall make available on its website (website, as described below) a below such copy to the Issuer Issuing Entity and to each Noteholder of record as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable):
(a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of each Class of Notes;
(b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4 Note Balance, the Class B Note Balance, the Class C Note Balance and the Class C D Note Balance, in each case after giving effect to payments on such Payment Date;
(i) the amount on deposit in the Reserve Account and the Specified Reserve Account Balance, each as of the beginning and end of the related Collection Period, (ii) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iiiii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iiiiv) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, Account on such Payment Date after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (ivv) the change in such balance from the immediately preceding Payment Date;
(d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Regular Principal Distribution AmountAmount for such Payment Date;
(e) the Net Pool Balance and the Note Factor as of the close of business on the last day of the preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment DatePeriod;
(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees;
(g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection Period and the amount of any unpaid Backup Servicing Fees;
(h) the amount of Class A Noteholders’ Interest Carryover Shortfall the Class A-1 B Noteholders’ Interest Carryover Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 Noteholders’ Interest Carryover Shortfall, the Class B C Noteholders’ Interest Carryover Shortfall and the Class C D Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date;
(ih) the aggregate Repurchase Price with respect to repurchased Receivables Loans paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period;
(ji) the amount of Collections for the related Collection Period;
(j) Reserved;
(k) Reserved;
(l) Reserved;
(m) the number of, and aggregate amount of payments due on, the related Receivables Loans which are delinquent as of the end of the related Collection Period;
(ln) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket expenses, in respect of a Receivable Loan which is a Liquidated ReceivableNet Loss Asset;
(mo) the amount remaining of any overcollateralization; and;
(np) the number and aggregate Outstanding Principal Balance of Receivables Loans for which the related Financed Vehicle has been repossessed. Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. The Indenture Trustee’s internet website shall be initially located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/investpublic or at such other address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the information delivered pursuant to this Section 5.06.; and
Appears in 1 contract
Sources: Sale and Servicing Agreement (Huntington Auto Trust 2012-1)