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Common use of Annual Statement as to Compliance, Notice of Servicer Termination Event Clause in Contracts

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 days after the end of the Servicer's fiscal year, an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2001-A), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2001-A)

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Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee Trustee, the Backup Servicer and each the Rating Agency, within 120 days after the end on or before March 31 of the Servicer's fiscal yeareach year beginning March 31, 2012, an Officer's Certificate signed by a Responsible Officer ’s Certificate, dated as of December 31 of the Servicerpreceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period or, in the case of the first such Officer's ’s Certificate, from the Closing Date to December 31, 2011) and of the its performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period year (or, in the case of the first such Officer’s Certificate, from the Closing Date to December 31, 2011), 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. The Trustee shall forward a copy of such certificate as well as the report referred to in Section 4.11 to each Noteholder and the Owner Trustee shall forward a copy to each Residual Certificateholder. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee Trustee, the Backup Servicer and each the 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 ’s Certificate of any event that is which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under Section 8.0110.1.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 days after the end of the Servicer's fiscal year, an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is is, or with the giving of notice or lapse of time or both would become, a Servicer Termination Event under Section 8.01.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (SSB Vehicle Sec Huntington Auto Trust 2000-A), Sale and Servicing Agreement (National City Auto Receivables Trust 2002-A), Sale and Servicing Agreement (National City Bank /)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2019), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2019-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2019-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2014), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2011), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2013), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2024), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal yearyear (commencing with the fiscal year [____]), an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2016), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2016-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2016-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2023), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2023-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2023-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2020), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2020-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2020-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2018), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2018-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2018-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 20[__]), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 2022), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal yearyear (commencing with the fiscal year 2005), an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2005-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal yearyear (commencing with the fiscal year 20[__]), an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC)

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Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal year, an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2004-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner TrusteeAdministrative Agent, the Indenture Trustee Backup Servicer and each Rating Agency, within 120 days after the end on or before April 30 of the Servicer's fiscal each year, beginning on April 30, 2001, an Officer's Certificate signed by a Responsible Officer Certificate, dated as of December 31 of the Servicerpreceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter other period in as shall have elapsed from the case Effective Date to the date of the first such Officer's Certificatecertificate) and of the its performance of its obligations under this Agreement has been made under such officer's supervision supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period 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. (b) The Servicer shall deliver to the Owner TrusteeAdministrative Agent, the Indenture Trustee Backup Servicer 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 that is which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under Section 8.019.1.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year [_____]), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 20[__]), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 ninety (90) days after the end of the Servicer's ’s fiscal yearyear (commencing with the fiscal year 20[__]), an Officer's ’s Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's ’s Certificate) and of the performance of its obligations under this Agreement has been made under such officer's ’s supervision and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled all its obligations under 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee 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 ’s Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a1) The Servicer shall deliver to the Owner TrusteeAdministrative Agent, the Indenture Trustee Backup Servicer and each Rating Agency, within 120 days after the end on or before April 30 of the Servicer's fiscal each year, beginning on April 30, 2000, an Officer's Certificate signed by a Responsible Officer Certificate, dated as of December 31 of the Servicerpreceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter other period in as shall have elapsed from the case Effective Date to the date of the first such Officer's Certificatecertificate) and of the its performance of its obligations under this Agreement has been made under such officer's supervision supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period 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. (b2) The Servicer shall deliver to the Owner TrusteeAdministrative Agent, the Indenture Trustee Backup Servicer 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 that is which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under Section 8.019.1.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Indenture Trustee, the Indenture Trustee Backup Servicer, the Insurer and each Rating Agency, within 120 days after the end on or before June 30 of the Servicer's fiscal each year, beginning on June 30, 2000, an Officerofficer's Certificate certificate signed by a any Responsible Officer of the Servicer, dated as of the preceding December 31 (or other applicable date), stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter other period in as shall have elapsed from the case Closing Date to the date of the first such Officer's Certificatecertificate) and of the its performance of its obligations under this Agreement has been made under such officer's supervision supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period 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 Noteholder by a request in writing to the Indenture Trustee addressed to the Corporate Trust Office. (b) The Servicer shall deliver to the Owner Indenture Trustee, the Indenture Trustee Backup Servicer, the Insurer 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 that is that, with the giving of notice or lapse of time, would become a Servicer Termination Event under Section 8.019.1.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal yearyear (commencing with the fiscal year 2006), an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2006-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 90 days after the end of the Servicer's fiscal yearyear (commencing with the fiscal year 2010), an Officer's Certificate signed by a Responsible Officer of the Servicer, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter period in the case of the first such Officer's Certificate) and of the performance of its obligations under this Agreement 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 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. (b) The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is a Servicer Termination Event under Section 8.01.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2010-A)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner TrusteeBackup Servicer, the Indenture Trustee and Collateral Agent, each Rating Agency, within 120 days after the end Borrower and the Agent, on or before March 31 of the Servicer's fiscal each year, beginning on March 31, 2002, an Officer's Certificate signed by a Responsible Officer Certificate, dated as of the Servicerimmediately preceding December 31, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter other period in as shall have elapsed from the case Closing Date to the date of the first such Officer's Certificatecertificate) and of the its performance of its obligations under this Agreement has been made under such officer's supervision supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period 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. (b) The Borrower or the Servicer shall deliver to the Owner TrusteeBackup Servicer, the Indenture Trustee and Collateral Agent, each Rating Agency, the Borrower and the Agent, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer's Certificate of any event that is which is, or with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under Section 8.0113.1.

Appears in 1 contract

Samples: Receivables Financing Agreement (MFN Financial Corp)

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Owner Indenture Trustee, the Indenture Trustee Backup Servicer, the Insurer and each Rating Agency, within 120 days after the end on or before June 30 of the Servicer's fiscal each year, beginning on June 30, 1999, an Officerofficer's Certificate certificate signed by a any Responsible Officer of the Servicer, dated as of the preceding December 31 (or other applicable date), stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or such shorter other period in as shall have elapsed from the case Closing Date to the date of the first such Officer's Certificatecertificate) and of the its performance of its obligations under this Agreement has been made under such officer's supervision supervision, and (ii) to such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period 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 Noteholder by a request in writing to the Indenture Trustee addressed to the Corporate Trust Office. (b) The Servicer shall deliver to the Owner Indenture Trustee, the Indenture Trustee Backup Servicer, the Insurer 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 that is that, with the giving of notice or lapse of time, would become a Servicer Termination Event under Section 8.019.1.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)

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