Common use of Notice of Substitution Clause in Contracts

Notice of Substitution. In the Monthly Servicer Report to be delivered on each Determination Date, the Contributor shall give written notice to the Trustee, each Noteholder, the Rating Agencies and the Servicer of each substitution of Contracts pursuant to Section 7.01(a) hereof and of any substitution or repurchase pursuant to Section 5.03 hereof during the preceding Collection Period. Such Monthly Servicer Report or other written notice shall (i) specify the amount of each periodic Contract Payment under the Predecessor Contract and the amount of each periodic Contract Payment under each Eligible Contract being substituted, (ii) specify the residual values of the Equipment subject to the Predecessor Contract and the Equipment subject to the Eligible Contract being substituted, (iii) specify the Discounted Contract Balance of the Predecessor Contracts, the Discounted Contract Balance of the Substitute Contracts, any Excess Substituted Discounted Contract Balance, and any amounts to be deposited in the Collection Account in connection with such Substitute Contracts and (iv) with respect to a substitution pursuant to Section 7.01(a) hereof, be accompanied by an Officer's Certificate, substantially in the form of Exhibit F hereto, certifying as to compliance with the provisions of Section 7.01(a) hereof.

Notice of Substitution. In the Monthly Servicer Report to be delivered on each Determination Date, the Contributor Company shall cause the Servicer to give written notice to the Trustee, each Noteholder, the Rating Agencies and the Servicer Company of each substitution of Contracts pursuant to Section 7.01(a) hereof and of any substitution or repurchase pursuant to Section 5.03 7.01 hereof during the preceding Collection Period. Such Monthly Servicer Report or other written notice shall (i) specify the amount of each periodic Contract Payment under the Predecessor Contract and the amount of each periodic Contract Payment under each Eligible Contract being substituted, (ii) specify the residual values of the Equipment subject to the Predecessor Contract and the Equipment subject to the Eligible Contract being substituted, (iii) specify the Discounted Contract Balance of the Predecessor Contracts, the Discounted Contract Balance of the Substitute Contracts, any Excess Substituted Discounted Contract Balance, and any amounts to be deposited in the Collection Account in connection with such Substitute Contracts and (iv) with respect to a substitution pursuant to Section 7.01(a) 7.01 hereof, be accompanied by an Officer's Certificate, substantially in the form of Exhibit F heretoof the Amended and Restated Contribution and Servicing Agreement, certifying as to compliance with the provisions of Section 7.01(a) 7.01 hereof.

Notice of Substitution. In the Monthly Servicer Report to be delivered on each Determination Date, the Contributor Company shall cause the Servicer to give written notice to the Trustee, each Noteholder, the Rating Agencies and the Servicer Company of each substitution of Contracts pursuant to Section 7.01(a) hereof and of any substitution or repurchase pursuant to Section 5.03 7.01 hereof during the preceding Collection Period. Such Monthly Servicer Report or other written notice shall (i) specify the amount of each periodic Contract Payment under the Predecessor Contract and the amount of each periodic Contract Payment under each Eligible Contract being substituted, (ii) specify the residual values of the Equipment subject to the Predecessor Contract and the Equipment subject to the Eligible Contract being substituted, (iii) specify the Discounted Contract Balance of the Predecessor Contracts, the Discounted Contract Balance of the Substitute Contracts, any Excess Substituted Discounted Contract Balance, and any amounts to be deposited in the Collection Account in connection with such Substitute Contracts and (iv) with respect to a substitution pursuant to Section 7.01(a) 7.01 hereof, be accompanied by an Officer's Certificate, substantially in the form of Exhibit F C hereto, certifying as to compliance with the provisions of Section 7.01(a) 7.01 hereof.