Annual Compliance Report. On or before March 15 of each year, commencing in the year 2011, the Manager shall cause each Servicer and Subservicer to provide to each of the Paying Agent, the Initial Member and the Purchase Money Notes Guarantor the annual reports (including the independent accountant report) for the prior Fiscal Year (or other applicable period as set forth below) required under Section 1122 of Regulation AB (regardless of whether any such requirements apply, by their terms, only to companies registered or required to file reports with the Securities and Exchange Commission) with respect to the relevant servicing criteria provisions of Section 1122(d)(1) of Regulation AB that are applicable to the servicing being conducted under this Agreement (and the Servicing Agreement) pursuant to Section 12.3(d) below. The first such reports shall cover the period commencing on the Closing Date (and for each Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.
Appears in 10 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Annual Compliance Report. On or before March 15 of each year, commencing in the year 2011, the Manager shall cause each Servicer and Subservicer to provide to each of the Paying Agent, the Initial Member Agent and the Purchase Money Notes Guarantor each Required Consenting Party the annual reports (including the independent accountant report) for the prior Fiscal Year (or other applicable period as set forth below) required under Section 1122 of Regulation AB (regardless of whether any such requirements apply, by their terms, only to companies registered or required to file reports with the Securities and Exchange Commission) with respect to the relevant servicing criteria provisions of Section 1122(d)(1) of Regulation AB that are applicable to the servicing being conducted under this Agreement (and the Servicing Agreement) pursuant to Section 12.3(d) below. The first such reports shall cover the period commencing on the Closing Date (and with respect to each Asset, shall include the relevant information with respect thereto for each Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
