Statement to Noteholders definition
Examples of Statement to Noteholders in a sentence
Statement to Noteholders MMCA Auto Owner Trust ___-__ July 1, ____ through June 30, _____ Per Original Aggregate $1,000 Note or Certificate I.
Such information shall be provided concurrently with the delivering of the reports specified in Section 5.03 in the case of the Master Servicer and the Indenture Trustee’s Certificate and Statement to Noteholders in the case of the Indenture Trustee, commencing with the first such report due not less than five (5) Business Days following such request.
The Indenture Trustee shall have the right to change the way the Statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and to the Noteholders.
The Indenture Trustee shall attach thereto the Statement to Noteholders furnished by the Indenture Trustee to the Certificateholders for such Distribution Date and file such Distribution Report in accordance with clause (a) above.
To the extent that there are inconsistencies between the telecopy of the Indenture Trustee's Statement to Noteholders and the hard copy thereof, the Master Servicer may rely upon the latter.
To the extent that there are inconsistencies between the telecopy of the Indenture Trustee's Statement to Noteholders and the hard copy thereof, the Servicer may rely upon the latter.
However, the amount of any payment of principal or interest on the Notes to be paid from funds transferred from the Policy Payment Account shall be noted as provided in subsection (d) of this Section 5.04 in the Note Register and in the Indenture Trustee’s Statement to Noteholders.
The Indenture Trustee may conclusively rely upon the Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement in its preparation of its Statement to Noteholders.
For purposes of notice under TIA the parties hereto agree that the Statement to Noteholders provided in Section 7.05 hereof shall be deemed notice, as applicable.
On each Payment Date, the Indenture Trustee shall deliver the Indenture Trustee's Statement to Noteholders (as defined in the Sale and Servicing Agreement) with respect to such Payment Date to DTC and the Rating Agencies.