Monthly Noteholders’ Statement Clause Samples

Monthly Noteholders’ Statement. Unless otherwise stated in the Series Supplement, on each Determination Date the Servicer shall forward to the Receivables Trust, the Trustee and the Back-Up Servicer a Monthly Noteholders’ Statement substantially in the form set forth on Exhibit A-2 attached hereto prepared by the Servicer.

Monthly Noteholders’ Statement. On each Determination Date the Issuing Entity will, in cooperation with the Servicer of the Master Trust and the Servicer under the Transfer and Servicing Agreement, complete and deliver to the Indenture Trustee and the Master Trust Trustee (with a copy to each Note Rating Agency), a Monthly Noteholders’ Statement. On each Payment Date, the Indenture Trustee shall make the Monthly Noteholders’ Statement available electronically and, with the consent or at the direction of the Issuing Entity, such other information regarding the Notes and/or the Collateral as the Indenture Trustee may have in its possession, but only with the use of a password provided by the Indenture Trustee or its agent to such Person upon receipt by the Indenture Trustee from such Person of a certification in a form acceptable to the Indenture Trustee; provided, however, that the Indenture Trustee or its agent shall provide such password to the parties to this Indenture and each Note Rating Agency without requiring such certification; provided, further, however, that the Indenture Trustee shall have no obligation to provide such information described in this Section 8.06 until it has received the requisite information from the Issuing Entity or the Servicer, as applicable. The Indenture Trustee will make no representation or warranty 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 “▇▇▇.▇▇▇▇▇▇▇.▇▇▇” or at such other address as shall be specified by the Indenture Trustee from time to time in writing to each Note Rating Agency, each Noteholder and the parties to this Indenture and to the Transfer and Servicing Agreement. In connection with providing access to the Indenture Trustee’s website, the Indenture Trustee may require registration and the acceptance of a disclaimer. Other than as set forth in Section 7.01 hereof, the Indenture Trustee shall not be liable for the electronic dissemination of information as contemplated by this Section.

Monthly Noteholders’ Statement. (a) On or before each Settlement Date, the Trustee shall make available to each Noteholder, each Rating Agency, and each Notice Person via the Trustee’s website a statement substantially in the form of Exhibit B hereto prepared by the Servicer and delivered to the Trustee on the preceding Determination Date and setting forth, among other things, the following information: (i) the total amount distributed to holders of Notes; (ii) the amount of such distribution allocable to principal; (iii) the amount of such distribution allocable to Trustee Fees and Expenses, Custodian fees and expenses, Monthly Interest, Deficiency Amounts, Additional Interest and the Fee Amounts, respectively; (iv) the aggregate Outstanding Balance of Receivables which were Delinquent Receivables as of the end of the preceding Monthly Period; (v) the aggregate Outstanding Balance of Receivables which were Defaulted Receivables as of the end of the preceding Monthly Period; (vi) the Required Spread Maintenance Reserve Amount and the balance on deposit in the Spread Maintenance Account as of the end of the day on the Settlement Date; (vii) outstanding Note Balance, as of the end of the day on the Settlement Date; (viii) increases and decreases in the Notes during the related Settlement Period, and the average daily balance of the Notes for the related Settlement Period; (ix) the amount of the Servicing Fee for the related Settlement Period; (x) the Note Rate for the related Settlement Period; and (xi) if applicable, the date on which the Rapid Amortization Period commenced.

Monthly Noteholders’ Statement. For purposes of the Series 2010-1 Notes, Section 5.4 of the Base Indenture shall be modified as permitted by Section 11.1(f) of the Base Indenture and shall read as follows:

Monthly Noteholders’ Statement. (a) On each Distribution Date, the Trustee shall forward to each Noteholder of record of all outstanding Series, the Rating Agencies, the Paying Agent (if other than the Trustee) and any Enhancement Provider a statement substantially in the form of Exhibit D (each, a "Monthly Noteholders' Statement") prepared by the Servicer setting forth the following information (which, in the case of clauses (iii), (iv) and (v) below, shall be expressed as a dollar amount per $1,000 of the original principal amount of the Notes of such Series and, in the case of clause (viii) below shall be stated on an aggregate basis and on the basis of a dollar amount per $1,000 of the original principal amount of the Notes of such Series): (i) the aggregate amount of Interest Collections processed since the prior Distribution Date, the aggregate amount of Principal Collections processed during the Related Month and the aggregate amount of Collections processed during such periods; (ii) the Invested Percentage with respect to Interest Collections and Principal Collections for such Series on the last day of the Related Month; (iii) the total amount to be distributed to Noteholders of such Series on the next succeeding Distribution Date; (iv) the amount of such distribution allocable to principal on each Class of the Notes of such Series; (v) the amount of such distribution allocable to interest on each Class of the Notes of such Series; (vi) the amount of any drawing under any Enhancement, if any, for such Series for such Distribution Date; (vii) the amount of the Monthly Servicing Fee for such Series for such Distribution Date; (viii) the amount available under the applicable Enhancement, if any, for such Series as of the close of business on such Distribution Date after giving effect to any drawings on the applicable Enhancement and payments to the applicable Enhancement Provider on such Distribution Date; (ix) the ratio of the amount available under the applicable Enhancement, if any, to the Invested Amount for such Series as of the close of business on such Distribution Date after giving effect to any drawings on the applicable Enhancement and payments to the applicable Enhancement Provider on such Distribution Date; (x) the Pool Factor, if any, for such Series as of the end of the Record Date with respect to such Distribution Date; (xi) whether, to the knowledge of the Servicer, any Liens exist with respect to any of the Collateral which are not permitted under the Related Docume...

Monthly Noteholders’ Statement. (a) On or before each Determination Date, an Officer's Certificate of the Servicer (each, a "MONTHLY NOTEHOLDER'S STATEMENT"), and (b) no later than 4:00 p.m. (New York City time) on the day preceding each Payment Date (PROVIDED, HOWEVER, that if such day preceding a Payment Date is not a Business Day, then no later than 10:00 a.m. (New York City time) on such Payment Date), a supplementary Officer's Certificate of the Servicer (each, a "SUPPLEMENTARY NOTEHOLDER'S STATEMENT"), in each case, with respect to each Group IV Supplement in such form and setting forth such information as such Group IV Supplement requires with respect thereto;

Monthly Noteholders’ Statement. On each Transfer Date the Issuer shall, in cooperation with the Servicer, complete and deliver to the Indenture Trustee (with a copy to each Rating Agency) a Monthly Noteholders' Statement.

Monthly Noteholders’ Statement. Unless otherwise specified in the related Series Supplement, on each Distribution Date, the Trustee or the Paying Agent shall forward to each Noteholder of record of each Outstanding Series the Monthly Noteholders’ Statement with respect to such Series, with a copy to the Trustee (if other than the Paying Agent) and any Enhancement Provider with respect to such Series.

Monthly Noteholders’ Statement. On or before the fourth Business Day prior to each Payment Date (unless otherwise agreed by the Trustee), HVF shall furnish to the Trustee a Monthly Noteholders’ Statement with respect to each Series of Indenture Notes substantially in the form provided in the applicable Series Supplement.