Common use of Annual Compliance Report Clause in Contracts

Annual Compliance Report. On or before March 15 of each year, commencing in the year 2011, Debtor shall cause the Servicer and any subservicer, at its own expense or the expense of the Manager, to provide to the Initial Member, the Collateral Agent 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)(l) of Regulation AB that are applicable to the servicing being conducted under the LLC Operating Agreement (and the Servicing Agreement). The first such reports shall cover the period commencing on the Closing Date (and for each Underlying Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.

Annual Compliance Report. On or before March 15 of each year, commencing in the year 2011, the Debtor shall cause the Servicer and any subservicerSubservicer, at its own expense or the expense of the Manager, to provide to the Initial Member, the Collateral Agent and the Purchase Money Notes Note 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)(l) of Regulation AB that are applicable to the servicing being conducted under the LLC Operating Agreement (and the Servicing Agreement). The first such reports shall cover the period commencing on the Closing Date (and for each Underlying Mortgage Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.

Annual Compliance Report. On or before March 15 of each year, commencing in the year 2011, Debtor shall cause the Servicer and any subservicerSubservicer, at its own expense or the expense of the Manager, to provide to the Initial Member, the Collateral Agent 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)(l) of Regulation AB that are applicable to the servicing being conducted under the LLC Operating Agreement (and the Servicing Agreement). The first such reports shall cover the period commencing on the Closing Date (and for each Underlying Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.