Common use of Assessment of Compliance with Servicing Criteria Clause in Contracts

Assessment of Compliance with Servicing Criteria. On and after January 1, 2006, the Servicer shall service and administer, and shall cause each subservicer to servicer or administer, the Mortgage Loans in accordance with all applicable requirements of the Servicing Criteria. With respect to any Mortgage Loans that are the subject of a Securitization Transaction, the Servicer shall deliver to the Purchaser or its designee, any Master Servicer and any Depositor, using best efforts by March 1st, but in no event later than March 15th of each calendar year beginning in 2007, a report (an “Assessment of Compliance”) reasonably satisfactory to the Purchaser, any Master Servicer and any Depositor regarding the Servicer’s assessment of compliance with the Servicing Criteria during the preceding calendar year as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB or as otherwise required by the Master Servicer, which as of the date hereof, require a report by an authorized officer of the Servicer that contains the following:

Assessment of Compliance with Servicing Criteria. On and after January 1, 2006, the Servicer shall service and administer, and shall cause each subservicer to servicer service or administer, the Mortgage Loans in accordance with all applicable requirements of the Servicing Criteria. With respect to any Mortgage Loans that are the subject of a Securitization TransactionPass-Through Transfer, the Servicer shall deliver to the Purchaser or its designee, any Master Servicer designee on or before March 10th (with a five (5) day grace period and any Depositor, using best efforts by March 1st, but in no event not later than March 15th 15th) of each calendar fiscal year beginning in 2007, a report (an “"Assessment of Compliance”") reasonably satisfactory to the Purchaser, any Master Servicer and any Depositor Purchaser regarding the Servicer’s 's assessment of compliance with the Servicing Criteria during the preceding calendar fiscal year as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB or as otherwise required by the Master ServicerAB, which as of the date hereof, require a report by an authorized officer of the Servicer that contains the following: