Annual Servicing Review. Not later than May 31 of each year, beginning May 31, 2001, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Seller, the Trustee, the Certificate Insurer and each Rating Agency to the effect that such firm has, with respect to the Servicer's overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.
Annual Servicing Review. Not later than March 15 of each year, beginning with the letter due March 15, 2004, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Seller, the Trustee and each Rating Agency to the effect that such firm has, with respect to the Servicer’s overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm’s conclusions relating thereto. The Servicer shall disclose to its certified public accountants all significant deficiencies relating to the Servicer's compliance with the minimum servicing standards in accordance with the aforementioned review, and all such disclosed deficiencies, if any, shall be included as part of the letter furnished pursuant to this Section 3.10.
Annual Servicing Review. Not later than the last Business Day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 1999, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Trustee and each Rating Agency to the effect that such firm has, with respect to the Servicer's overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.
Annual Servicing Review. The Servicer shall cause a firm of nationally recognized independent certified public accountants (the “Independent Accountants”), who may also render other services to the Servicer, to deliver to the Owner Trustee, the Collateral Agent, the Backup Servicer, the Note Insurer and each Rating Agency, on or before October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year, beginning on October 31, 2007, with respect to the twelve (12) months ended the immediately preceding June 30 (or other applicable date) (or such other period as shall have elapsed from the Closing Date to the date of such certificate (which period shall not be less than six months)), a statement (the “Accountants’ Report”) addressed to the Board of Directors of the Servicer, to the effect that such firm has audited the books and records of AmeriCredit Corp., in which the Servicer is included as a consolidated subsidiary, and issued its report thereon in connection with the audit report on the consolidated financial statements of AmeriCredit Corp. and that (1) such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as such firm considered necessary in the circumstances; (2) the firm is independent of the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants, and (3) includes a report on the application of agreed upon procedures to three (3) randomly selected Servicer’s Certificates including the delinquency, default and loss statistics required to be specified therein noting whether any exceptions or errors in the Servicer’s Certificates were found. In the event such firm requires the Collateral Agent to agree to the procedures performed by such firm, the Servicer shall direct the Collateral Agent to so agree, it being understood and agreed that the Collateral Agent will deliver such letter of agreement in conclusive reliance upon the direction of the Servicer, and the Collateral Agent makes no independent inquiry or investigation as to, and shall have no obligation or liability in respect of, the sufficiency, validity or correctness of such procedures. Without otherwise limiting the scope of the examination, the Note Insurer may, using generally accepted audit procedures, verify the status of each Receivable and review the Receivable Files and records relating t...
Annual Servicing Review. Not later than March 15 of each year (or such earlier date as may be required by the Mortgage Bankers Association of America and the American Institute of Certified Public Accountants), beginning with the letter due March 15, 2006, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Seller, the Master Servicer and each Rating Agency to the effect that such firm has, with respect to the Servicer’s overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm’s conclusions relating thereto. The Servicer shall disclose to its certified public accountants all significant deficiencies relating to the Servicer’s compliance with the minimum servicing standards in accordance with the aforementioned review, and all such disclosed deficiencies, if any, shall be included as part of the letter furnished pursuant to this Section 3.10.
Annual Servicing Review. The Servicer will cause a firm of Independent Public Accountants to deliver to the Rating Agencies, the Noteholders and the Note Insurer upon receipt of covenants and representations from such Persons as the Independent Public Accountants may require, and as soon as practicable, but in any event within 120 days after the end of each fiscal year, an annual review of the Servicer's procedures and operations in form and substance reasonably satisfactory to the Note Insurer, prepared by such firm of Independent Public Accountants, dated as of December 31 of each year beginning December 31, 2002 and substantially stating to the effect that (i) such accountants have examined the accounts and records of the Servicer relating to the Trust Property (which records shall be described in one or more schedules to such statement), (ii) such firm has compared the information contained in certain Monthly Servicer Reports (and similar reports for other securitization transactions sponsored by the Owner Trustee or an affiliate thereof) delivered in the relevant period with information contained in the accounts and records or other relevant source documents for such period, and (iii) on the basis of the procedures performed, whether the information examined and contained in such Monthly Servicer Reports (and similar reports for such other securitization transactions) delivered on the relevant period reconciles and agrees with the information contained in the accounts and records or other relevant source documents except for such exceptions as such Independent Public Accountants believe to be immaterial and such other exceptions as shall be set forth in such statement.
Annual Servicing Review. Not later than the last Business Day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 2000, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants and is reasonably acceptable to the Certificate Insurer to furnish a letter or letters to the Trustee, the Certificate Insurer and each Rating Agency to the effect that such firm has, with respect to the Servicer's overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.
Annual Servicing Review. The Servicer will cause a firm of Independent Public Accountants to deliver to the Rating Agencies, the Noteholders, the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) and the Note Insurer upon receipt of covenants and representations from such Persons as the Independent Public Accountants may require, and as soon as practicable, but in any event within 120 days after the end of each fiscal year, an annual review of the Servicer's procedures and operations in form and substance reasonably satisfactory to the Note Insurer, prepared by such firm of Independent Public Accountants, dated as of December 31 of each year beginning December 31, 2003 and substantially stating to the effect that (i) such accountants have examined the accounts and records of the Servicer relating to the Trust Property (which records shall be described in one or more schedules to such statement), (ii) such firm has compared the information contained in certain Monthly Servicer Reports (and similar reports for other securitization transactions sponsored by the Owner Trustee or an affiliate thereof) delivered in the relevant period with information contained in the accounts and records or other relevant source documents for such period, and (iii) on the basis of the procedures performed, whether the information examined and contained in such Monthly Servicer Reports (and similar reports for such other securitization transactions) delivered on the relevant period reconciles and agrees with the information contained in the accounts and records or other relevant source documents except for such exceptions as such Independent Public Accountants believe to be immaterial and such other exceptions as shall be set forth in such statement.
Annual Servicing Review. Not later than March 1 of each year, beginning March 1, 2002, the Servicer and the Master Servicer, each, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Depositor, the Seller, the Trustee, the Certificate Insurer and each Rating Agency to the effect that such firm has, with respect to the Servicer's or Master Servicer's, as applicable, overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.
Annual Servicing Review. The Servicer shall cause a firm of independent certified public accountants, who may also render other services to the Servicer or to its Affiliates, to deliver to the Rating Agencies, the Issuer, the Indenture Trustee, the Note Insurer and the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) on or before March 15 of each year, beginning March 15, 2004, a report addressed to the board of directors of the Servicer, to the effect that such firm has examined the accompanying annual statement of compliance delivered by the Servicer pursuant to Section 2.09 of the Servicing Agreement and that: (a) such examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Servicer's compliance with those requirements and performing such other procedures as such accountants considered necessary in the circumstances and (b) except as described in such report, the Servicer's annual statement of compliance for such year delivered pursuant to Section 2.09 is fairly stated in all material respects.
