Common use of Annual Independent Certified Public Accountants' Reports Clause in Contracts

Annual Independent Certified Public Accountants' Reports. On or before the fifteenth of April of each year, commencing in 2000, the Master Servicer, at its own expense, shall cause to be delivered to the Indenture Trustee, the Insurer, S&P and Moodx'x x xetter or letters of a firm of independent, nationally recognized certified public accountants reasonably acceptable to the Insurer stating that such firm has, with respect to the Master Servicer's overall servicing operations (i) performed applicable tests in accordance substantially in compliance with the testing procedures as set forth in Appendix 3 of the Audit Guide for Audits of HUD Approved Nonsupervised Mortgagees, (ii) examined such operations substantially in compliance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and in either case stating such firm's conclusions relating thereto or (iii) examined such operations in accordance with the requirements of SAS 70.

Annual Independent Certified Public Accountants' Reports. On or before the fifteenth last day of April March of each year, commencing in the year 2000, the Master Servicer, at its own expense, shall cause to be delivered to the Indenture Trustee, Trustee and the Insurer, S&P and Moodx'x x xetter Certificate Insurer a letter or letters of a firm of independent, nationally recognized certified public accountants reasonably acceptable to the Insurer Control Party stating that such firm has, with respect to the Master Servicer's overall servicing operations (i) performed applicable tests in accordance substantially in compliance with the compliance testing procedures as set forth in Appendix 3 of the Audit Guide for Audits of HUD Approved Nonsupervised Mortgagees, Mortgagees or (ii) examined such operations substantially in compliance accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and in either case stating such firm's conclusions relating thereto or (iii) examined such operations in accordance with the requirements of SAS 70.

Annual Independent Certified Public Accountants' Reports. On or before the fifteenth of April of each year, commencing in 20002001, the Master Servicer, at its own expense, shall cause to be delivered to the Indenture Trustee, the Insurer, S&P and Moodx'x x xetter or letters of a firm of independent, nationally recognized certified public accountants reasonably acceptable to the Insurer Insurer, stating that such firm has, with respect to the Master Servicer's overall servicing operations either (i) performed applicable tests in accordance substantially in compliance with the testing procedures as set forth in Appendix 3 of the Audit Guide for Audits of HUD Approved Nonsupervised Mortgagees, (ii) examined such operations substantially in compliance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and in either case stating such firm's conclusions relating thereto or (iii) examined such operations in accordance with the requirements of SAS 70.

Annual Independent Certified Public Accountants' Reports. On or before the fifteenth last day of April March of each year, commencing in 2000[Year], the Master Servicer, at its own expense, shall cause to be delivered to the Indenture Trustee, the Insurer, S&P Certificate Insurer and Moodx'x x xetter each Rating Agency a letter or letters of a firm of independent, nationally recognized certified public accountants reasonably acceptable to the Insurer Control Party stating that such firm has, with respect to the Master Servicer's overall servicing operations (i) performed applicable tests in accordance substantially in compliance with the compliance testing procedures as set forth in Appendix 3 of the Audit Guide for Audits of HUD Approved Nonsupervised Mortgagees, Mortgagees or (ii) examined such operations substantially in compliance accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and in either case stating such firm's conclusions relating thereto or (iii) examined such operations in accordance with the requirements of SAS 70.