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 Purchaser, to the Trustee, the Note Purchasers and to the Noteholders and the Backup Servicer, on or before March 31 of each year beginning March 31, 2007 (in the case of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's Certificate, dated as of December 31 of the preceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in the case of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007) 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 Servicer has fulfilled all its obligations under this Agreement throughout such year (or, in the case of the first such certificate, such shorter 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 Trustee, the Noteholders, the Note Purchasers and the Backup Servicer, 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 Termination Event under SECTION 10.1.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer To the extent required by Section 1123 of Regulation AB, the Servicer, shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup ServicerServicer and each Rating Agency, on or before March 31 of each year (regardless of whether the Seller has ceased filing reports under the Exchange Act), beginning on March 31, 2007 (in the case 2012, an officer’s certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 of the preceding previous calendar year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period calendar year (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007certificate) and of its performance under this Agreement has been made under such officer's supervision ’s supervision, and (ii) to the best of such officer's ’s knowledge, based on such review, the Servicer has fulfilled in all material respects all its obligations under this Agreement throughout such year (or, in the case of the first such certificate, such shorter period), or, if there has been a default in the fulfillment of failure to fulfill any such obligationobligation in any material respect, specifying identifying each such default failure known to such officer and the nature and status thereofof such failure. (b) The Servicer shall deliver to the Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup ServicerServicer 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 officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1.a

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to the Noteholders and the Backup Servicer, on or before March 31 February 28 of each year beginning March 31February 28, 2007 (in the case of the Class A Note Purchaser and the Class A Noteholders) or March 31February 28, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's Certificate, dated as of December 31 of the preceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in the case of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007) 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 Servicer has fulfilled all its obligations under this Agreement throughout such year (or, in the case of the first such certificate, such shorter 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 Trustee, the Noteholders, the Note Purchasers and the Backup Servicer, 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 Termination Event under SECTION 10.1.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent and the Rating Agency, on or before March October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year year, beginning March on October 31, 2007 (in the case 2010, an officer’s certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 June 30 (or other applicable date) of the preceding such year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the (which period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007shall not be less than six (6) months)) and of its performance under this Agreement has been made under such officer's supervision ’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 year (or, in the case of the first such certificate, such shorter 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 Either Seller or the Servicer shall deliver to the Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent, the Servicer or the Sellers (as applicable) and 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 Certificate officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1or Event of Default.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup Servicer, the Insurer and each Rating Agency, on or before March October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year year, beginning March on October 31, 2007 (in the case 2003, an officer’s certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 June 30 (or other applicable date) of the preceding such year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the (which period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007shall not be less than six months)) and of its performance under this Agreement has been made under such officer's supervision ’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 year (or, in the case of the first such certificate, such shorter 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 Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup Servicer, the Insurer, the Collateral Agent 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 officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1.Section 9.1(a). The Seller or the Servicer shall deliver to the Trustee, the Owner Trustee, the Trust

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the PurchaserOwner Trustee, to the Trustee, the Note Purchasers and to the Noteholders and the Backup Servicer, the Note Insurer and each Rating Agency, on or before March 31 of each year beginning March 31, 2007 (in the case of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders)2009, an Officer's Certificate, dated as of December 31 of the preceding year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or or, in the case of the first such certificate for the Class B Note Purchasers and the Class B NoteholdersOfficer's Certificate, the period from the initial Cutoff Date for the first Class B Funding Closing Date to December 31, 20072008) 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 Servicer has fulfilled all its obligations under this Agreement throughout such year (or, in the case of the first such certificateOfficer's Certificate, such shorter periodfrom the Closing Date to December 31, 2008), 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 NoteholdersTrustee, the Backup Servicer, the Note Purchasers Insurer, the Collateral Agent, and the Backup Servicereach 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 Termination Event under SECTION Section 10.1.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup Servicer, the Agents and the Administrative Agent, on or before March October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year year, beginning March on October 31, 2007 (in the case 2008, an officer’s certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 June 30 (or other applicable date) of the preceding such year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the (which period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007shall not be less than six months)) and of its performance under this Agreement has been made under such officer's supervision ’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 year (or, in the case of the first such certificate, such shorter 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 Sellers or the Servicer shall deliver to the Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent and the Servicer or the Sellers (as applicable) promptly after having obtained knowledge thereof, but in no event later than two (2) Business Days thereafter, written notice in an Officer's Certificate officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1or Event of Default.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Indenture Trustee, the Note Purchasers and to the Noteholders and the Backup Servicer, the Insurer and each Rating Agency, on or before March 31 June 30 of each year year, beginning March 31on June 30, 2007 (in the case [ ], an officer's certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of the preceding December 31 of the preceding year(or other applicable date), stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007certificate) and of its performance under this Agreement has been made under such officer's supervision supervision, and (ii) to the best of such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such year (or, in the case of the first such certificate, such shorter 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 Indenture Trustee, the NoteholdersBackup Servicer, the Note Purchasers Insurer and the Backup Servicereach 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 that, with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.19.1.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent and each Rating Agency, on or before March October 31 (or 120 days after the end of the Servicer’s fiscal year, if other than June 30) of each year year, beginning March on October 31, 2007 (in the case 2002, an officer’s certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 June 30 (or other applicable date) of the preceding such year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the (which period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007shall not be less than six months)) and of its performance under this Agreement has been made under such officer's supervision ’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 year (or, in the case of the first such certificate, such shorter 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 Sellers or the Servicer shall deliver to the Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent, the Servicer or the Sellers (as applicable) 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 officer’s certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1or Event of Default.

Annual Statement as to Compliance, Notice of Servicer Termination Event. (a) The Servicer shall deliver to the Purchaser, to the Trustee, the Note Purchasers and to Owner Trustee, the Noteholders and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent and each Rating Agency, on or before March October 31 (or 120 days after the end of the Servicer's fiscal year, if other than June 30) of each year year, beginning March on October 31, 2007 (in the case 2002, an officer's certificate signed by any Responsible Officer of the Class A Note Purchaser and the Class A Noteholders) or March 31, 2008 (in the case of each Class B Note Purchaser and the Class B Noteholders), an Officer's CertificateServicer, dated as of December 31 June 30 (or other applicable date) of the preceding such year, stating that (i) a review of the activities of the Servicer during the preceding 12-month period (or in such other period as shall have elapsed from the case Closing Date to the date of the first such certificate for the Class B Note Purchasers and the Class B Noteholders, the (which period from the initial Cutoff Date for the first Class B Funding Date to December 31, 2007shall not be less than six months)) and of its performance under this Agreement has been made under such officer's supervision supervision, and (ii) to the best of such officer's knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such year (or, in the case of the first such certificate, such shorter 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 Sellers or the Servicer shall deliver to the Trustee, the NoteholdersOwner Trustee, the Note Purchasers and Trust Collateral Agent, the Backup Servicer, the Agents, the Administrative Agent, the Servicer or the Sellers (as applicable) 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 Officerofficer's Certificate certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event under SECTION 10.1or Event of Default.