Common use of Available Cash Clause in Contracts

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a notes Ending Principal balance A-2b notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution Date

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2016-B), Sale and Servicing Agreement (CNH Equipment Trust 2016-B)

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Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2018-B $181,000,000 Class A-1 2.47044% Asset Backed Notes due October 15, 2019 $260,000,000 Class A-2 2.93% Asset Backed Notes due December 15, 2021 $280,000,000 Class A-3 3.19% Asset Backed Notes due November 15, 2023 $70,700,000 Class A-4 3.37% Asset Backed Notes due May 15, 2024 $18,230,000 Class B 3.56% Asset Backed Notes due February 17, 2026 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2018-B $181,000,000 Class A-1 2.47044% Asset Backed Notes due October 15, 2019 $260,000,000 Class A-2 2.93% Asset Backed Notes due December 15, 2021 $280,000,000 Class A-3 3.19% Asset Backed Notes due November 15, 2023 $70,700,000 Class A-4 3.37% Asset Backed Notes due May 15, 2024 $18,230,000 Class B 3.56% Asset Backed Notes due February 17, 2026 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2018-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateB $181,000,000 Class A-1 2.47044% Asset Backed Notes due October 15, 2019 $260,000,000 Class A-2 2.93% Asset Backed Notes due December 15, 2021 $280,000,000 Class A-3 3.19% Asset Backed Notes due November 15, 2023 $70,700,000 Class A-4 3.37% Asset Backed Notes due May 15, 2024 $18,230,000 Class B 3.56% Asset Backed Notes due February 17, 2026 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2018-B), Sale and Servicing Agreement (CNH Equipment Trust 2018-B)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2021-A $193,700,000 Class A-1 0.13447% Asset Backed Notes due March 15, 2022 $335,000,000 Class A-2 0.23% Asset Backed Notes due March 15, 2024 $324,000,000 Class A-3 0.40% Asset Backed Notes due December 15, 2025 $87,360,000 Class A-4 0.70% Asset Backed Notes due December 15, 2027 $21,630,000 Class B 0.97% Asset Backed Notes due June 15, 2028 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2021-A $ 193,700,000 Class A-1 0.13447% Asset Backed Notes due March 15, 2022 $ 335,000,000 Class A-2 0.23% Asset Backed Notes due March 15, 2024 $ 324,000,000 Class A-3 0.40% Asset Backed Notes due December 15, 2025 $ 87,360,000 Class A-4 0.70% Asset Backed Notes due December 15, 2027 $ 21,630,000 Class B 0.97% Asset Backed Notes due June 15, 2028 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25 % Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2021-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateA $193,700,000 Class A-1 0.13447% Asset Backed Notes due March 15, 2022 $335,000,000 Class A-2 0.23% Asset Backed Notes due March 15, 2024 $324,000,000 Class A-3 0.40% Asset Backed Notes due December 15, 2025 $87,360,000 Class A-4 0.70% Asset Backed Notes due December 15, 2027 $21,630,000 Class B 0.97% Asset Backed Notes due June 15, 2028 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2021-A), Sale and Servicing Agreement (CNH Equipment Trust 2021-A)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2019-A $189,000,000 Class A-1 2.75334% Asset Backed Notes due February 28, 2020 $252,000,000 Class A-2 2.96% Asset Backed Notes due May 16, 2022 $252,000,000 Class A-3 3.01% Asset Backed Notes due April 15, 2024 $75,350,000 Class A-4 3.22% Asset Backed Notes due January 15, 2026 $17,690,000 Class B 3.34% Asset Backed Notes due July 15, 2026 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2019-A $189,000,000 Class A-1 2.75334% Asset Backed Notes due February 28, 2020 $252,000,000 Class A-2 2.96% Asset Backed Notes due May 16, 2022 $252,000,000 Class A-3 3.01% Asset Backed Notes due April 15, 2024 $75,350,000 Class A-4 3.22% Asset Backed Notes due January 15, 2026 $17,690,000 Class B 3.34% Asset Backed Notes due July 15, 2026 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2019-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateA $189,000,000 Class A-1 2.75334% Asset Backed Notes due February 28, 2020 $252,000,000 Class A-2 2.96% Asset Backed Notes due May 16, 2022 $252,000,000 Class A-3 3.01% Asset Backed Notes due April 15, 2024 $75,350,000 Class A-4 3.22% Asset Backed Notes due January 15, 2026 $17,690,000 Class B 3.34% Asset Backed Notes due July 15, 2026 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2019-A), Sale and Servicing Agreement (CNH Equipment Trust 2019-A)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Additional Note Monthly Principal Payment Distributable Amount (this Period) LTD Turbo Additional Note Monthly Principal Payment Distributable Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 20162024-B A $190,500,000 180,000,000 Class A-1 0.645.465% Asset Backed Notes due February 14, 2025 $310,000,000 Class A-2 5.19% Asset Backed Notes due July 15, 2027 $310,000,000 Class A-3 4.77% Asset Backed Notes due June 15, 2017 2029 $222,600,000 62,730,000 Class A-2a 1.31A-4 4.80% Asset Backed Notes due October July 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 2031 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account [__]% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Original Pool Balance Purchase Total Total Release to Seller "The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]" CNH Equipment Trust 2024-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateA $180,000,000 Class A-1 5.465% Asset Backed Notes due February 14, 2025 $310,000,000 Class A-2 5.19% Asset Backed Notes due July 15, 2027 $310,000,000 Class A-3 4.77% Asset Backed Notes due June 15, 2029 $62,730,000 Class A-4 4.80% Asset Backed Notes due July 15, 2031 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2024-A), Sale and Servicing Agreement (CNH Equipment Trust 2024-A)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2018-A $173,000,000 Class A-1 2.45% Asset Backed Notes due June 14, 2019 $262,000,000 Class A-2 2.78% Asset Backed Notes due August 16, 2021 $252,000,000 Class A-3 3.12% Asset Backed Notes due July 17, 2023 $70,440,000 Class A-4 3.30% Asset Backed Notes due April 15, 2025 $17,440,000 Class B 3.47% Asset Backed Notes due October 15, 2025 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2018-A $173,000,000 Class A-1 2.45% Asset Backed Notes due June 14, 2019 $262,000,000 Class A-2 2.78% Asset Backed Notes due August 16, 2021 $252,000,000 Class A-3 3.12% Asset Backed Notes due July 17, 2023 $70,440,000 Class A-4 3.30% Asset Backed Notes due April 15, 2025 $17,440,000 Class B 3.47% Asset Backed Notes due October 15, 2025 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2018-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateA $173,000,000 Class A-1 2.45% Asset Backed Notes due June 14, 2019 $262,000,000 Class A-2 2.78% Asset Backed Notes due August 16, 2021 $252,000,000 Class A-3 3.12% Asset Backed Notes due July 17, 2023 $70,440,000 Class A-4 3.30% Asset Backed Notes due April 15, 2025 $17,440,000 Class B 3.47% Asset Backed Notes due October 15, 2025 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2018-A), Sale and Servicing Agreement (CNH Equipment Trust 2018-A)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 20162022-B C $190,500,000 163,000,000 Class A-1 0.644.817% Asset Backed Notes due June December 15, 2017 2023 $222,600,000 285,000,000 Class A-2a 1.31A-2 5.42% Asset Backed Notes due October July 15, 2019 2026 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 215,000,000 Class A-3 1.635.15% Asset Backed Notes due August 16April 17, 2021 2028 $72,790,000 41,070,000 Class A-4 1.975.25% Asset Backed Notes due November 15, 2021 2029 $19,390,000 16,210,000 Class B 2.200.00% Asset Backed Notes due October 16May 15, 2023 2030 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Original Pool Balance Purchase Total Total Release to Seller "The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]" CNH Equipment Trust 2022-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateC $163,000,000 Class A-1 4.817% Asset Backed Notes due December 15, 2023 $285,000,000 Class A-2 5.42% Asset Backed Notes due July 15, 2026 $215,000,000 Class A-3 5.15% Asset Backed Notes due April 17, 2028 $41,070,000 Class A-4 5.25% Asset Backed Notes due November 15, 2029 $16,210,000 Class B 0.00% Asset Backed Notes due May 15, 2030 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2022-C), Sale and Servicing Agreement (CNH Equipment Trust 2022-C)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2020-A $160,900,000 Class A-1 0.57603% Asset Backed Notes due June 15, 2021 $267,000,000 Class A-2 1.08% Asset Backed Notes due July 17, 2023 $268,000,000 Class A-3 1.16% Asset Backed Notes due June 16, 2025 $75,390,000 Class A-4 1.51% Asset Backed Notes due April 15, 2027 $17,750,000 Class B 2.30% Asset Backed Notes due October 15, 2027 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2020-A $160,900,000 Class A-1 0.57603% Asset Backed Notes due June 15, 2021 $267,000,000 Class A-2 1.08% Asset Backed Notes due July 17, 2023 $268,000,000 Class A-3 1.16% Asset Backed Notes due June 16, 2025 $75,390,000 Class A-4 1.51% Asset Backed Notes due April 15, 2027 $17,750,000 Class B 2.30% Asset Backed Notes due October 15, 2027 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25 % Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2020-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateA $160,900,000 Class A-1 0.57603% Asset Backed Notes due June 15, 2021 $267,000,000 Class A-2 1.08% Asset Backed Notes due July 17, 2023 $268,000,000 Class A-3 1.16% Asset Backed Notes due June 16, 2025 $75,390,000 Class A-4 1.51% Asset Backed Notes due April 15, 2027 $17,750,000 Class B 2.30% Asset Backed Notes due October 15, 2027 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2020-A), Sale and Servicing Agreement (CNH Equipment Trust 2020-A)

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Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2019-B $229,000,000 Class A-1 2.56560% Asset Backed Notes due June 12, 2020 $230,000,000 Class A-2 2.55% Asset Backed Notes due September 15, 2022 $225,000,000 Class A-3 2.52% Asset Backed Notes due August 15, 2024 $50,240,000 Class A-4 2.64% Asset Backed Notes due May 15, 2026 $16,900,000 Class B 2.87% Asset Backed Notes due November 16, 2026 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance WAL Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2019-B $229,000,000 Class A-1 2.56560% Asset Backed Notes due June 12, 2020 $230,000,000 Class A-2 2.55% Asset Backed Notes due September 15, 2022 $225,000,000 Class A-3 2.52% Asset Backed Notes due August 15, 2024 $50,240,000 Class A-4 2.64% Asset Backed Notes due May 15, 2026 $16,900,000 Class B 2.87% Asset Backed Notes due November 16, 2026 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2019-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateB $229,000,000 Class A-1 2.56560% Asset Backed Notes due June 12, 2020 $230,000,000 Class A-2 2.55% Asset Backed Notes due September 15, 2022 $225,000,000 Class A-3 2.52% Asset Backed Notes due August 15, 2024 $50,240,000 Class A-4 2.64% Asset Backed Notes due May 15, 2026 $16,900,000 Class B 2.87% Asset Backed Notes due November 16, 2026 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2019-B), Sale and Servicing Agreement (CNH Equipment Trust 2019-B)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B A $190,500,000 174,900,000 Class A-1 0.640.67 % Asset Backed Notes due June 15March 10, 2017 $222,600,000 161,500,000 Class A-2a 1.311.22% Asset Backed Notes due October July 15, 2019 $110,000,000 161,500,000 Class A-2b Floating Rate Asset Backed Notes due October July 15, 2019 $246,600,000 265,000,000 Class A-3 1.631.48% Asset Backed Notes due August 16April 15, 2021 $72,790,000 67,990,000 Class A-4 1.971.79% Asset Backed Notes due November September 15, . 2021 $19,390,000 19,110,000 Class B 2.202.19% Asset Backed Notes due October 16July 17, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance Total Principal Balance of Notes (End of Period) WAL A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution Date

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2016-A), Sale and Servicing Agreement (CNH Equipment Trust 2016-A)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to a Maximum of $200,000 Per Year Shortfall Servicing Fee Paid Servicing Fee Shortfall Administration Fee Paid Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall CNH Equipment Trust 2019-C $224,000,000 Class A-1 1.99491% Asset Backed Notes due November 16, 2020 $325,000,000 Class A-2 1.99% Asset Backed Notes due March 15, 2023 $295,000,000 Class A-3 2.01% Asset Backed Notes due December 16, 2024 $86,800,000 Class A-4 2.12% Asset Backed Notes due July 15, 2025 $21,430,000 Class B 2.35% Asset Backed Notes due April 15, 2027 Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders CNH Equipment Trust 2016-B $190,500,000 Class A-1 0.64% Asset Backed Notes due June 15, 2017 $222,600,000 Class A-2a 1.31% Asset Backed Notes due October 15, 2019 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.97% Asset Backed Notes due November 15, 2021 $19,390,000 Class B 2.20% Asset Backed Notes due October 16, 2023 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance WAL Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance CNH Equipment Trust 2019-C $224,000,000 Class A-1 1.99491% Asset Backed Notes due November 16, 2020 $325,000,000 Class A-2 1.99% Asset Backed Notes due March 15, 2023 $295,000,000 Class A-3 2.01% Asset Backed Notes due December 16, 2024 $86,800,000 Class A-4 2.12% Asset Backed Notes due July 15, 2025 $21,430,000 Class B 2.35% Asset Backed Notes due April 15, 2027 Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test 3 Month Average Delinquency Ratio Spread Account Test Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20[ ] [ ], 20[ ] [ ], 20[ ] Required Spread Account Target [ ] % [ ] % [ ] % [ ] % Required Spread Account 2.25% Beginning Spread Account Balance Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Purchase Total Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]CNH Equipment Trust 2019-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateC $224,000,000 Class A-1 1.99491% Asset Backed Notes due November 16, 2020 $325,000,000 Class A-2 1.99% Asset Backed Notes due March 15, 2023 $295,000,000 Class A-3 2.01% Asset Backed Notes due December 16, 2024 $86,800,000 Class A-4 2.12% Asset Backed Notes due July 15, 2025 $21,430,000 Class B 2.35% Asset Backed Notes due April 15, 2027 [Risk Retention [In the first report to noteholders include:]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2019-C), Sale and Servicing Agreement (CNH Equipment Trust 2019-C)

Available Cash. Asset Representation Reviewer Fee, Expenses and Indemnities up to Backup Servicing Fee Paid (Expressed as a Maximum dollar amount per $1,000 of $200,000 Per Year Paid Asset Representation Reviewer Fee, Expenses and Indemnities up to original principal balance of a Maximum of $200,000 Per Year Note) Backup Servicing Fee Shortfall Servicing Fee Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Servicing Fee Shortfall Administration Fee Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Administration Fee Shortfall Remaining Cash Available to Pay Note Interest Cash Available to Pay Note Interest Cash Available to Pay Termination Payment Class A-1 notes Interest Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-2a A-2 notes Interest Paid Class A-2b notes Interest Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-3 notes Interest Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-4 notes Interest Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class B notes Interest Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-2a A-2 notes Principal Paid Class A-2b notes Principal Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-3 notes Principal Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class A-4 notes Principal Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Class B notes Principal Paid (Expressed as a dollar amount per $1,000 of original principal balance of a Note) Deposits to Spread Account Turbo Principal Payment Amount (this Period) LTD Turbo Principal Payment Amount Total Principal Balance of Notes (End of Period) A-1 notes Ending Principal balance A-2a notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Release excess to the Certificateholders Seller as Excess CNH Equipment Trust 20162009-B A $190,500,000 172,300,000 Class A-1 0.641.73603% Asset Backed Notes due June April 15, 2017 2010 $222,600,000 122,000,000 Class A-2a 1.31A-2 4.06% Asset Backed Notes due October 1517, 2019 2011 $110,000,000 Class A-2b Floating Rate Asset Backed Notes due October 15, 2019 $246,600,000 134,000,000 Class A-3 1.63% Asset Backed Notes due August 16, 2021 $72,790,000 Class A-4 1.975.28% Asset Backed Notes due November 15, 2021 2012 $19,390,000 86,441,000 Class B 2.20A-4 7.21% Asset Backed Notes due October December 16, 2023 2013 $13,199,000 Class B 0.00% Asset Backed Notes due August 17, 2015 Asset Backed Certificate Actual Payment Date Summary and Factors Amount Factor Per/$1000 Total Principal Balance of Notes (Beginning of Period) A-1 notes Beginning Principal balance A-2a notes Beginning Principal balance A-2b A-2 notes Beginning Principal balance A-3 notes Beginning Principal balance A-4 notes Beginning Principal balance Class B notes Beginning Principal balance WAL Total Principal Balance of Notes (End of Period) WAL A-2a A-1 notes Ending Principal balance A-2b A-2 notes Ending Principal balance A-3 notes Ending Principal balance A-4 notes Ending Principal balance Class B notes Ending Principal balance Class A-1 notes Interest Paid Class A-2a notes Interest Paid Class A-2b A-2 notes Interest Paid Class A-3 notes Interest Paid Class A-4 notes Interest Paid Class B notes Interest Paid Class A-1 notes Interest Shortfall Class A-2a notes Interest Shortfall Class A-2b A-2 notes Interest Shortfall Class A-3 notes Interest Shortfall Class A-4 notes Interest Shortfall Class B notes Interest Shortfall Class A-1 notes Principal Paid Class A-2a notes Principal Paid Class A-2b A-2 notes Principal Paid Class A-3 notes Principal Paid Class A-4 notes Principal Paid Class B notes Principal Paid Negative Carry Account Negative Carry Negative Carry Days Remaining Required Negative Carry Account Beginning Negative Carry Account Negative Carry Account Withdrawals to Distribution Account Negative Carry Released to Seller Ending Negative Carry Account Balance Spread Account Required Spread Account Deposit (Add Loans) Spread Account Test - 3 Month Average Delinquency Ratio Spread Account Test - Cumulative Net Loss Ratio Spread Account Test Met Original [ ], 20200[ ] [ ], 20200[ ] [ ], 20200[ ] Required Spread Account Target [ ] ]% [ ] ]% [ ] ]% [ ] ]% Required Spread Account Beginning Spread Account Balance Additional Deposit to Spread Account from Pre-funding Spread Account Withdrawals to Distribution Account Spread Account Deposits from Excess Cash Spread Account Released to Seller Ending Spread Account Balance Principal Supplement Account Required Principal Supplement Account Balance Beginning Principal Supplement Account Balance Additional Deposit to Principal Supplement Account from Pre-funding Principal Supplement Account Withdrawals to Distribution Account Principal Supplement Account Released to Seller Ending Principal Supplement Account Balance Pre-funding Account Beginning Pre-funding Account Balance New Contract Value Purchased Deposits to Spread Account Deposits to Principal Supplement Account Release to Seller for Purchased Amount Excess Release to Noteholders for Unpurchased Amount Ending Pre-funding Account Balance Original Purchases Units Cut-Off Date Closing Date Pool Balance Initial Purchase Subsequent Purchase #1 Subsequent Purchase #2 Total Backup Servicer Account Backup Servicer Account Initial Deposit Backup Servicer Account Beginning Balance Backup Servicer Account Expenses Backup Servicer Account Investment Earnings Backup Servicer Account Investment Earnings - Released to Seller Ending Backup Servicer Account Balance Total Release to Seller “The Administrator hereby directs the Indenture Trustee to pay on the Payment Date set forth above from the Certificate Distribution Account to the Certificateholders, on a pro rata basis, zero payment.” Spread Account Triggers Average Delinquency Ratio Test* Payment Date [ ]-[ ] [ ]-[ ] [ ]-[ ] Second Prior Month Delinquency Ratio Prior Month Delinquency Ratio Current Month Delinquency Ratio 3 Month Average Delinquency Ratio Test Variance Trigger Current Distribution DateRatio

Appears in 1 contract

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2009-A)

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