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 calendar year, beginning March 15, 2015 (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 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, 2016. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, beginning March 15, 2015 (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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, 2015 2013 (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 immediately preceding 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, 20162014. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, year beginning March 15, 2015 2013 (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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, 2015 2016 (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 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, 20162017. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, beginning March 15, 2015 2016 (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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, 2015 2014 (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 immediately preceding 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, 2016. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, year beginning March 15, 2015 (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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, 2015 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 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 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, 201620[ ]. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, beginning March 15, 2015 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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, 2015 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 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 immediately preceding 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, 2016.20[ ]. Table of Contents (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART Indenture Trustee and the AART Owner Trustee on or before March 15 of each calendar year, year beginning March 15, 2015 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART Indenture Trustee or the AART Owner Trustee, as applicable.

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 calendar year, beginning March 15, 2015 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 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 immediately preceding 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, 201620[ ]. (b) A copy of the Report of Assessment of Compliance with Servicing Criteria received pursuant to Section 4.02(a) shall be delivered by the Administrator to the AART CARAT Indenture Trustee and the AART CARAT Owner Trustee on or before March 15 of each calendar year, year beginning March 15, 2015 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day). (c) A copy of the Report of Assessment of Compliance with Servicing Criteria, once delivered, may be obtained by any Noteholder or Certificateholder by a request in writing to the Issuing Entity addressed to the Corporate Trust Office of the AART CARAT Indenture Trustee or the AART CARAT Owner Trustee, as applicable.