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

Annual Statement as to Compliance; Notice of Servicer Default. (a) The Servicer shall, at its expense, deliver to the COLT Indenture Trustee and the COLT Owner Trustee, each COLT 200_-__ Secured Noteholder and the COLT 200_-__ Certificateholder, on or before March 15 of each year, beginning March 15, 200 , an officer's certificate signed by the President or any Vice President of the Servicer dated as of December 31 of the immediately preceding year, in each instance stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or, with respect to the first such certificate, such period as shall have elapsed from the Series 200_-__ Closing Date to the date of such certificate) and of the Servicer's performance under this Agreement and the other COLT 200_-__ Basic Documents has been made under such officer's supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under such agreements throughout such period, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate may be obtained by any COLT 200_-__ Secured Noteholder or the COLT 200_- Certificateholder by a request in writing to COLT addressed to the Corporate Trust Office of the COLT Indenture Trustee or the COLT Owner Trustee, as applicable. (b) The Servicer shall deliver to the Series 200_-__ Further Holders and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five 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, would become a Servicer Default.

Annual Statement as to Compliance; Notice of Servicer Default. (a) The Servicer shall, at its expense, will deliver to the COLT Indenture Trustee and Trustee, the COLT Owner Trustee, the Insurer and each COLT 200_-__ Secured Noteholder and the COLT 200_-__ CertificateholderRating Agency, on or before March 15 April 30 (or 120 days after the end of the Servicer's fiscal year, if other than December 31) of each year, beginning March 15on April 30, 200 2004, an officerOfficer's certificate signed by the President or any Vice President of the Servicer Certificate, dated as of December 31 (or other applicable date) of the immediately preceding such year, in each instance stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or, with respect to the first or such certificate, such other period as shall have has elapsed from the Series 200_-__ Closing Date to the date of the first such certificate) and of the Servicer's its performance under this Agreement and the other COLT 200_-__ Basic Documents has been made under such officer's supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under such agreements this Agreement throughout such period, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate may be obtained by any COLT 200_-__ Secured Noteholder or the COLT 200_- Certificateholder by a request in writing to COLT addressed to the Corporate Trust Office of the COLT Indenture Trustee or the COLT Owner Trustee, as applicable. (b) The Servicer shall will deliver to the Series 200_-__ Further Holders Indenture Trustee, the Owner Trustee, the Insurer, and the each Rating Agencies Agency, promptly after having obtained knowledge thereof, but in no event later than five two (2) Business Days thereafter, written notice in an officerOfficer's certificate Certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer DefaultDefault under Section 9.1(a). The Servicer will deliver to the Indenture Trustee, the Owner Trustee, the Insurer, the Seller and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than two (2) 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, would become a Servicer Default under any other clause of Section 9.1.

Annual Statement as to Compliance; Notice of Servicer Default. (a) The Master Servicer shall, at its expense, will deliver to each Rating Agency the COLT Indenture Trustee and the COLT Owner Trustee, each COLT 200_-__ Secured Noteholder and the COLT 200_-__ Certificateholder, Certificate Insurer on or before March 15 April 30 of each year, beginning March 15, 200 with the first April 30 that occurs at least six months after the Initial Cut-off Date, an officerOfficer's certificate signed by the President or any Vice President of the Servicer dated as of December 31 of the immediately preceding yearCertificate stating, in each instance stating that (i) a review of the activities of the Master Servicer during the preceding 12-month period (or, with respect to the first such certificate, such period as shall have elapsed from the Series 200_-__ Closing Date to the date of such certificate) calendar year and of the Servicer's performance under this Agreement and the other COLT 200_-__ Basic Documents has been made under such officer's supervision, and (ii) to the best of such officer's knowledge, based on such review, the Master Servicer has fulfilled all its obligations under such agreements this Agreement throughout such periodyear, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. A copy thereof and (iii) to the best of such certificate may be obtained by any COLT 200_-__ Secured Noteholder officer's knowledge, each Subservicer has fulfilled its obligations under its Subservicing Agreement in all material respects, or if there has been a material default in the COLT 200_- Certificateholder by a request in writing fulfillment of such obligations, specifying such default known to COLT addressed to such employee and the Corporate Trust Office of the COLT Indenture Trustee or the COLT Owner Trustee, as applicablenature and status thereof. (b) The Master Servicer shall deliver to the Series 200_-__ Further Holders Trustee, the Certificate Insurer, the Certificateholders and the each Rating Agencies Agency, promptly after having obtained knowledge thereof, but in no event later than five two Business Days thereafter, written notice in an officerOfficer's certificate Certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer DefaultDefault under Section 7.01.

Annual Statement as to Compliance; Notice of Servicer Default. (a) The Servicer shall, at its expense, will deliver to each Rating Agency the COLT Indenture Trustee and the COLT Owner Trustee, each COLT 200_-__ Secured Noteholder and the COLT 200_-__ Certificateholder, Certificate Insurer on or before March 15 April 30 of each year, beginning March 15, 200 with the first April 30 that occurs at least six months after the Initial Cut-off Date, an officerOfficer's certificate signed by the President or any Vice President of the Servicer dated as of December 31 of the immediately preceding yearCertificate stating, in each instance stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or, with respect to the first such certificate, such period as shall have elapsed from the Series 200_-__ Closing Date to the date of such certificate) calendar year and of the Servicer's performance under this Agreement and the other COLT 200_-__ Basic Documents has been made under such officer's supervision, and (ii) to the best of such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under such agreements this Agreement throughout such periodyear, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. A copy thereof and (iii) to the best of such certificate may be obtained by any COLT 200_-__ Secured Noteholder officer's knowledge, each Subservicer has fulfilled its obligations under its Subservicing Agreement in all material respects, or if there has been a material default in the COLT 200_- Certificateholder by a request in writing fulfillment of such obligations, specifying such default known to COLT addressed to such employee and the Corporate Trust Office of the COLT Indenture Trustee or the COLT Owner Trustee, as applicablenature and status thereof. (b) The Servicer shall deliver to the Series 200_-__ Further Holders Trustee, the Certificate Insurer, the Certificateholders and the each Rating Agencies Agency, promptly after having obtained knowledge thereof, but in no event later than five two Business Days thereafter, written notice in an officerOfficer's certificate Certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer DefaultDefault under Section 7.01.

Annual Statement as to Compliance; Notice of Servicer Default. (a) The Servicer shall, at its expense, deliver to the COLT Indenture Trustee and the COLT Owner Trustee, each COLT 200_-__ 2005-SN1 Secured Noteholder and the COLT 200_-__ 2005-SN1 Certificateholder, on or before March 15 of each year, beginning March 15, 200 2006, an officer's certificate signed by the President or any Vice President of the Servicer dated as of December 31 of the immediately preceding year, in each instance stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or, with respect to the first such certificate, such period as shall have elapsed from the Series 200_-__ 2005-SN1 Closing Date to the date of such certificate) and of the Servicer's performance under this Agreement and the other COLT 200_-__ 2005-SN1 Basic Documents has been made under such officer's supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under such agreements throughout such period, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate may be obtained by any COLT 200_-__ 2005-SN1 Secured Noteholder or the COLT 200_- 2005-SN1 Certificateholder by a request in writing to COLT addressed to the Corporate Trust Office of the COLT Indenture Trustee or the COLT Owner Trustee, as applicablerespectively, addressed to the applicable Corporate Trust Office. (b) The Servicer shall deliver to the Series 200_-__ 2005-SN1 Further Holders and the Rating Agencies promptly after having obtained knowledge thereof, but in no event later than five 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, would become a Servicer Default.