Common use of Settlement Statement Clause in Contracts

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per Security): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of Securities; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series and each Class within a Series, the Series Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Charge-Offs and the amount of the reimbursements of Series Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xvii) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each -------------------- Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Interest Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) with respect to the preceding Monthly Period for each Series of Certificates, the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities Collections, and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of SecuritiesInterest Collections; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xviixiv) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to the fifteenth calendar day of each Distribution Datemonth, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C D hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Collections of Principal Collections during Receivables on the last day of the preceding Monthly Period for of each Series of Securities Certificates and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during on the last day of the preceding Monthly Period for of each Series of SecuritiesCertificates with respect to Finance Charge Collections and Receivables in Defaulted Accounts; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Monthly Investor Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal aggregate amount of Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xvxiv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvixv) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xviixvi) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per Security): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of Securities; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series and each Class within a Series, the Series Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Charge-Offs and the amount of the reimbursements of Series Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xvii) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.. Section 3.5

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Interest Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) with respect to the preceding Monthly Period for each Series of Certificates, the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities Collections, and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of SecuritiesInterest Collections; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in any Adjustment Payments for the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Related Monthly Period; and (xviixvi) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Imputed Yield Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) with respect to the preceding Monthly Period for each Series of Certificates the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities Collections, and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of SecuritiesImputed Yield Collections; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in any Adjustment Payments for the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Related Monthly Period; and (xviixvi) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per Security): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of Securities; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series and each Class within a Series, the Series Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Charge-Offs and the amount of the reimbursements of Series Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xvii) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per Security): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Distribution Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Principal Collections processed during the preceding Monthly Period preceding such Distribution Date for each Series of Securities and each Participation and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections processed during the preceding Monthly Period preceding such Distribution Date for each Series of SecuritiesSecurities and each Participation; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series Series, and each Class within a Series, and each Participation, the Series Default Amount for the immediately preceding related Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Charge-Offs and the amount of the reimbursements of Series Charge-Offs for such Distribution Date; (viii) for each SeriesSeries and each Participation, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount thereof at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in any Adjustment Payments for the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such related Monthly Period; and (xviixvi) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Imputed Yield Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) with respect to the preceding Monthly Period for each Series of Certificates, the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities Collections, and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of SecuritiesImputed Yield Collections; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in any Adjustment Payments for the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Related Monthly Period; and (xviixvi) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day prior to the fifteenth calendar day of each Distribution Datemonth, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the TransferorTrustee, the Trustee Texas Commerce Bank, National Association and the Paying Agent the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C D hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) the aggregate amount of the applicable Investor Percentage of Collections of Principal Collections during Receivables on the last day of the preceding Monthly Period for of each Series of Securities Certificates and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during on the last day of the preceding Monthly Period for of each Series of SecuritiesCertificates with respect to Finance Charge Collections and Receivables in Defaulted Accounts; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution allocable to interest; (vi) for each Series and each Class within a Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and each Class within a Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the Servicing Fee allocated to and paid by such Series monthly investor servicing fee for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal aggregate amount of Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Class of each Series, if any; (xiii) for each Series and each Class within a Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Event or a Prospective Pay Out Event with respect to any Series shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly Period; and (xvii) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.

Settlement Statement. On the second Business Day Determination Date prior to each Distribution Date, the Servicer shall, prior to 3:00 p.m. (New York City time) on such day, deliver to the Transferor, the Trustee (and the Paying Agent if other than the Trustee) the Settlement Statement for the related Monthly Period substantially in the form of Exhibit C hereto, including the following information (which, in the case of clauses (iii), (iv) and (v) below, will be stated on the basis of an original principal amount of $1,000 per SecurityCertificate): (i) the aggregate amount of Collections received in the Collection Account for the Monthly Period preceding such Determination Date and the aggregate amount of Finance Charge Imputed Yield Collections and the aggregate amount of Principal Collections processed during such Monthly Period; (ii) with respect to the preceding Monthly Period for each Series of Certificates the aggregate amount of the applicable Investor Percentage of Principal Collections during the preceding Monthly Period for each Series of Securities Collections, and the aggregate amount of the applicable Investor Percentage of Finance Charge Collections during the preceding Monthly Period for each Series of SecuritiesImputed Yield Collections; (iii) for each Series and for each Class within any such Series, the total amount to be distributed to Investor Securityholders Certificateholders on the next succeeding Distribution Date; (iv) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to principal; (v) for each Series and for each Class within any such Series, the amount of such distribution to Certificateholders allocable to interest; (vi) for each Series and for each Class within a any such Series, the Series Investor Default Amount for the immediately preceding Monthly Period; (vii) for each Series and for each Class within a any such Series, the amount of the Series Investor Charge-Offs and the amount of the reimbursements of Series Investor Charge-Offs for such Distribution Date; (viii) for each Series, the monthly Servicing Fee allocated to and paid by such Series for such Distribution Date; (ix) for each Series, the existing deficit controlled amortization amount, if applicable; (x) the Aggregate Principal Receivables in the Trust at the close of business on the last day of the Monthly Period preceding such Distribution Date; (xi) for each Series and for each Class within any such Series, the Invested Amount at the close of business on the last day of the Monthly Period immediately preceding such Distribution Date; (xii) the available amount of any Enhancement for each Series and for each Class of each within any such Series, if any; (xiii) for each Series and for each Class within a any such Series, the Pool Factor as of the end of the related Monthly Period; (xiv) whether a Pay Out Pay-Out-Event or a Prospective Pay Out Pay-Out-Event with respect to any Series Series, or a Servicer Default, shall have occurred during or with respect to the related Monthly Period; (xv) the aggregate amount of Discount Option Receivables in Dilutions and the Trust at amount of any deposits into the close of business on Excess Funding Account resulting therefrom for the last day of the related Monthly Period preceding such Distribution DatePeriod; (xvi) the aggregate amount of Discount Option Receivables Collections processed during such Monthly PeriodDilutions allocated to each Series and each Class within any such Series, if applicable; and (xvii) such other calculations as may be required by any Supplement. The Trustee shall be under no duty to recalculate, verify or recompute the information supplied to it under this Section 3.4 or such other matters as are set forth in any Settlement Statement. The Servicer shall also provide a copy of the Settlement Statement in a prompt manner to each Rating Agency.