Common use of Statements to Securityholders [and Swap Counterparty] Clause in Contracts

Statements to Securityholders [and Swap Counterparty]. (a) On each Payment Date, the Servicer shall provide to the Owner Trustee to furnish to each Certificateholder of record and to the Indenture Trustee to forward to each Noteholder of record [and to the Swap Counterparty] a statement, based on the Servicer’s Certificate furnished pursuant to Section 3.10, setting forth at least the following information as to the Securities, to the extent applicable: (i) the Record Date, the Determination Date and the Collection Period; (ii) the Note Interest Distributable Amount for each Class of Notes and the Certificate Principal Distributable Amount; (iii) the Note Principal Distributable Amount for each Class of Notes and the Certificate Principal Distributable Amount; (iv) the number of and the aggregate Principal Balance of the Receivables as of the close of business on the first day and last day of the Collection Period; (v) the Outstanding Amount of each Class of Notes and the Note Pool Factor for each Class of Notes; (vi) the Certificate Balance and the Certificate Pool Factor; (vii) the Total Servicing Fee, the Trust Fees and Expenses, and any other fees or expenses paid with an identification of the general purpose of such fees and the party receiving such fees or expenses; (viii) the Noteholders’ Interest Carryover Shortfall, the Noteholders’ Principal Carryover Shortfall, the Certificateholders’ Interest Carryover Shortfall and the Certificateholders’ Principal Carryover Shortfall; (ix) the Interest Rate and Certificate Rate for the immediately succeeding Interest Accrual Period; (x) the beginning and ending principal balances of the Notes and Certificates; (xi) the pool characteristics as of the last day of the related Collection Period, including, but not limited to, the weighted average Interest Rate and weighted average remaining term to maturity; (xii) the Available Amounts; (xiii) delinquency and loss information for the related Collection Period; (xiv) the amount of non-recoverable Advances; (xv) any material modifications, extensions or waivers to the terms of the Receivables; (xvi) any material breaches of representations or warranties related to the Receivables; (xvii) the Yield Supplement Amount, the Yield Supplement Withdrawal Amount and the amount on deposit in the Yield Supplement Account after giving effect to the distributions made on such Payment Date; and (xviii) the balance on deposit in the Reserve Fund on such Payment Date, after giving effect to distributions made on the Payment Date, if any, and the change in such balance from the immediately preceding Payment Date. (b) 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 law, the related Trustee shall, upon written request, 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 such Person at such time any other information necessary under applicable law for the preparation of such income tax returns.

Statements to Securityholders [and Swap Counterparty]. (a) On each Payment Date, the Servicer shall provide to the Owner Trustee to furnish to each Certificateholder of record and to the Indenture Trustee to forward to each Noteholder of record [and to the Swap Counterparty] Counterparty a statement, based on the Servicer’s Certificate furnished pursuant to Section 3.10, setting forth at least the following information as to the Securities, to the extent applicable: (i) the Record Date, the Determination Date and the Collection Period; (ii) the Note Interest Distributable Amount for each Class of Notes and the Certificate Principal Distributable Amount; (iii) the Note Principal Distributable Amount for each Class of Notes and the Certificate Principal Distributable Amount; (iv) the number of and the aggregate Principal Balance of the Receivables as of the close of business on the first day and last day of the Collection Period; (v) the Outstanding Amount of each Class of Notes and the Note Pool Factor for each Class of Notes; (vi) the Certificate Balance and the Certificate Pool Factor; (vii) the Total Servicing Fee, the Trust Fees and Expenses, and any other fees or expenses paid with an identification of the general purpose of such fees and the party receiving such fees or expenses; (viii) the Noteholders’ Interest Carryover Shortfall, the Noteholders’ Principal Carryover Shortfall, the Certificateholders’ Interest Carryover Shortfall and the Certificateholders’ Principal Carryover Shortfall; (ix) the Interest Rate and Certificate Rate for the immediately succeeding Interest Accrual Period; (x) the beginning and ending principal balances of the Notes and Certificates; (xi) the pool characteristics as of the last day of the related Collection Period, including, but not limited to, the weighted average Interest Rate and weighted average remaining term to maturity; (xii) the Available Amounts; (xiii) delinquency and loss information for the related Collection Period; (xiv) the amount of non-recoverable Advances; (xv) any material modifications, extensions or waivers to the terms of the Receivables; (xvi) any material breaches of representations or warranties related to the Receivables; (xvii) the Yield Supplement Amount, the Yield Supplement Withdrawal Amount and the amount on deposit in the Yield Supplement Account after giving effect to the distributions made on such Payment Date; and; (xviii) the balance on deposit in the Reserve Fund on such Payment Date, after giving effect to distributions made on the Payment Date, if any, and the change in such balance from the immediately preceding Payment Date; (xix) the Class A-2 Interest Rate (as a function of One-Month LIBOR), the Swap Payment Incoming, if any, the Swap Payment Outgoing, if any, and the sum of the Senior Swap Termination Payment receivable or payable, if any, and the Subordinated Swap Termination Payment, if any. (b) 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 law, the related Trustee shall, upon written request, 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 such Person at such time any other information necessary under applicable law for the preparation of such income tax returns.

Statements to Securityholders [and Swap Counterparty]. (a) On each Payment Date, the Servicer shall provide to the Owner Trustee to furnish to each Certificateholder of record and to the Indenture Trustee to forward to each Noteholder of record [and to the Swap Counterparty] Counterparty a statement, based on the Servicer’s 's Certificate furnished pursuant to Section 3.10, setting forth at least the following information as to the Securities, to the extent applicable: (i) the Record Dateamount of such distribution allocable to principal, as allocated to each Class of Notes and to the Determination Date and the Collection Period; Certificates (ii) the Note Interest Distributable Amount stated separately for each Class of Notes and the Certificate Principal Distributable AmountCertificates); (iiiii) the Note Principal Distributable Amount amount of such distribution allocable to interest, as allocated to each Class of Notes and to the Certificates (stated separately for each Class of Notes and the Certificate Principal Distributable AmountCertificates); (iv) the number of and the aggregate Principal Balance of the Receivables as of the close of business on the first day and last day of the Collection Period; (v) the Outstanding Amount of each Class of Notes and the Note Pool Factor for each Class of Notes; (vi) the Certificate Balance and the Certificate Pool Factor; (vii) the Total Servicing Fee, the Trust Fees and Expenses, and any other fees or expenses paid with an identification of the general purpose of such fees and the party receiving such fees or expenses; (viii) the Noteholders’ Interest Carryover Shortfall, the Noteholders’ Principal Carryover Shortfall, the Certificateholders’ Interest Carryover Shortfall and the Certificateholders’ Principal Carryover Shortfall; (ix) the Interest Rate and Certificate Rate for the immediately succeeding Interest Accrual Period; (x) the beginning and ending principal balances of the Notes and Certificates; (xi) the pool characteristics as of the last day of the related Collection Period, including, but not limited to, the weighted average Interest Rate and weighted average remaining term to maturity; (xii) the Available Amounts; (xiii) delinquency and loss information for the related Collection Period; (xiv) the amount of non-recoverable Advances; (xv) any material modifications, extensions or waivers to the terms of the Receivables; (xvi) any material breaches of representations or warranties related to the Receivables; (xviiiii) the Yield Supplement Amount, the Yield Supplement Withdrawal Amount and the amount on deposit in the Yield Supplement Account after giving effect to the distributions made on such Payment Date; and; (xviiiiv) the Pool Balance as of the close of business on the last day of the related Collection Period, after giving effect to payments allocated to principal reported under clause (i) above; (v) the Note Distributable Amount, the Certificate Distributable Amount and the Available Amount; (vi) the Total Servicing Fee paid to the Servicer with respect to the related Collection Period; (vii) the amount of non-recoverable Advances; (viii) total Payments Ahead and the Applied Payments Ahead; (ix) the amount of Trust Fees and Expenses; (x) the amount of any Note Interest Carryover Shortfall and Note Principal Carryover Shortfall on such Payment Date and the change in such amounts from those with respect to the immediately preceding Payment Date; (xi) the amount of any Certificate Interest Carryover Shortfall and Certificate Principal Carryover Shortfall on such Payment Date and the change in such amounts from those with respect to the immediately preceding Payment Date; (xii) the Note Pool Factor for each Class of Notes and the Certificate Pool Factor, in each case as of such Payment Date; (xiii) the balance on deposit in the Reserve Fund on such Payment Date, after giving effect to distributions made on the Payment Date, if any, and the change in such balance from the immediately preceding Payment Date; (xiv) the amount available under the Servicer Letter of Credit, if any, and such amount as a percentage of the Pool Balance as of the last day of such Collection Period; (xv) the determination date, accrual period and payment date for each class of securities of that series; (xvi) the pool characteristics as of the last day of the related Collection Period, including but not limited to, the weighted average interest rate and weighted average remaining term to maturity; (xvii) delinquency and loss information for the related Collection Period; (xviii) the Class A-3 Interest Rate (as a function of One-Month LIBOR), the Swap Payment Incoming, if any, the Swap Payment Outgoing, if any, and the sum of the Senior Swap Termination Payment receivable or payable, if any, and the Subordinated Swap Termination Payment, if any; and (xix) the Class A-4 Interest Rate (as a function of One-Month LIBOR), the Swap Payment Incoming, if any, the Swap Payment Outgoing, if any, and the sum of the Senior Swap Termination Payment receivable or payable, if any, plus the Subordinated Swap Termination Payment, if any. Each amount set forth on the Payment Date statement under clauses (i), (ii), (vi), (x) and (xi) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note or the Original Certificate Balance of a Certificate, as the case may be. (b) 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 law, the related Trustee shall, upon written request, 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 's preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to such Person at such time any other information necessary under applicable law for the preparation of such income tax returns.