Common use of Annual Statement as to Compliance; Notice of Administrator Default Clause in Contracts

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning March 15, 2016 (or, if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 2015 (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning on March 15, 2016 2015 (or, or if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 2013 (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning on March 15, 2016 2013 (or, or if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant theretotherto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 2015 (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning March 15, 2016 2015 (or, if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 2014 (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator Table of Contents during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning on March 15, 2016 2014 (or, or if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning March 15, 2016 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART Indenture Trustee and the AART Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its Table of Contents performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning on March 15, 2016 20[ ] (or, or if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART Indenture Trustee, the AART Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART Indenture Trustee, the AART Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant theretotherto.

Annual Statement as to Compliance; Notice of Administrator Default. (a) The Administrator shall deliver to the AART CARAT Indenture Trustee and the AART CARAT Owner Trustee, on or before March 15 of each calendar year, beginning March 15, 2016 20[ ] (or, if such day is not a Business Day, the next succeeding Business Day), an officer’s certificate signed by an Authorized Officer of the Administrator, dated as of December 31 of the immediately preceding calendar year, in each instance stating that (i) a review of the activities of the Administrator during the preceding twelve (12) month period (or, with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the date of such certificate) and of its performance under this Agreement and under the Pooling and Administration Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all its obligations under this Agreement and under the Pooling and Administration Agreement in all material respects throughout such period, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate, once delivered, may be obtained by any Noteholder or any 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. (b) The Administrator shall deliver to the Issuing Entity, on or before March 15 of each calendar year, beginning on March 15, 2016 20[ ] (or, or if such day is not a Business Day, the next succeeding Business Day), a report regarding the Administrator’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. (c) The Administrator shall deliver to the AART CARAT Indenture Trustee, the AART CARAT Owner Trustee and the Rating Agencies, promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01 of this Agreement. The Depositor shall deliver to the AART CARAT Indenture Trustee, the AART CARAT Owner Trustee, the Administrator and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five (5) Business Days thereafter, written notice in an officer’s certificate of any event which with the giving of notice or lapse of time, or both, unless cured, would become an Administrator Default under Section 7.01(b). (d) The Administrator shall prepare, execute and deliver, or shall cause the Servicer to prepare, execute and deliver, all certificates or other documents required to be delivered by the Issuing Entity pursuant to the Xxxxxxxx-Xxxxx Act of 2002 or the rules and regulations promulgated pursuant thereto.