Common use of Annual Compliance Report Clause in Contracts

Annual Compliance Report. On or before March 15 of each year, commencing in the year 2010, the Company shall cause the Servicer and each Subservicer, each at its own expense or the expense of the Company, to provide a report prepared by a nationally recognized firm of independent certified public accountants to the effect that, with respect to the most recently ended fiscal year, such firm has examined certain records and documents relating to compliance with the servicing requirements in this Agreement and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm is of the opinion that the Company or its servicer’s activities have been conducted in compliance with this Agreement, or that such examination has disclosed no material items of noncompliance except for (i) such exceptions as such firm believes to be immaterial, and (ii) such other exceptions as are set forth in the report.

Annual Compliance Report. On or before March 15 of each year, commencing in the year 2010, the Company shall cause the each Servicer and each Subservicer, each at its own expense or the expense of the Company, to provide a report prepared by a nationally recognized firm of independent certified public accountants to the effect that, with respect to the most recently ended fiscal year, such firm has examined certain records and documents relating to compliance with the servicing requirements in this Agreement and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers , such firm is of the opinion that the Company or its servicer’s activities have been conducted in compliance with this AgreementAgreement (including, to the extent applicable, Regulation AB), or that such examination has disclosed no material items of noncompliance except for (i) such exceptions as such firm believes to be immaterial, and (ii) such other exceptions as are set forth in the report.