Common use of Annual Report of Assessment of Compliance with Servicing Criteria Clause in Contracts

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each year, beginning March 15, 2014 (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 2015.

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each year, beginning March 15, 2014 2013 (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 20152014.

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each calendar year, beginning March 15, 2014 2016 (or or, if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior immediately preceding calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 20152017.

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each calendar year, beginning March 15, 2014 2015 (or or, if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior immediately preceding calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 20152016.

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each year, beginning March 15, 2014 (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 20152016.

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLT, the ACOLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each year, beginning March 15, 2014 20[ ] (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 2015.20[ ]. Table of Contents

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLTAFLT, the ACOLT AFLT Indenture Trustee, the Issuing Entity, the AART CARAT Owner Trustee and the AART CARAT Indenture Trustee on or before March 15 of each year, beginning March 15, 2014 20[ ] (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT AFLT Indenture Trustee, the AART CARAT Indenture Trustee and AART CARAT Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 201520[ ].

Annual Report of Assessment of Compliance with Servicing Criteria. (a) The Administrator shall cause a firm of independent certified public accountants, who may also render other services to the Administrator or its Affiliates, to deliver to ACOLTABLT, the ACOLT ABLT Indenture Trustee, the Issuing Entity, the AART Owner Trustee and the AART Indenture Trustee on or before March 15 of each calendar year, beginning March 15, 2014 20[ ] (or or, if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Administrator and to the ACOLT ABLT Indenture Trustee, the AART Indenture Trustee and AART Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior immediately preceding calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is no longer required to file periodic reports under the Exchange Act or any other law, beginning April 30, 201520[ ].