Common use of Independent Public Accountants' Administration Report Clause in Contracts

Independent Public Accountants' Administration Report. Unless otherwise specified in the Series Supplement, within four months from the end of each 12-month period beginning with the period specified in the Series Supplement for a given Series of Certificates, either the Administrative Agent, if any, specified in the Series Supplement, or otherwise the Trustee shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Administrative Agent, if any, the Trustee or the Depositor) to furnish a report addressed to the Trustee, the Depositor, the Rating Agency and each Credit Support Provider for such Series, if any, to the effect that such firm has examined certain documents and records relating to the administration of the Term Assets and related Credit Support deposited in or held by the applicable Trust during the preceding 12-month period (or, in the case of the first such report, during the period from the Closing Date to the date specified in the applicable Series Supplement), which report should enable the recipients thereof to determine whether such administration was conducted in accordance with the terms of this Agreement and the related Series Supplement. Such report shall identify any exceptions found during the examination. Such report will also indicate that the firm is independent of the Administrative Agent, if any, and the Trustee within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants. Copies of such statement received by the Trustee shall be provided by the Trustee to any Certificateholder of such Series upon request without charge to the requesting Certificateholder. The firm of independent public accountants shall be entitled to compensation in consideration for its duties hereunder in the manner specified in the applicable Series Supplement.

Independent Public Accountants' Administration Report. Unless otherwise specified in the Series Supplement, within four months from the end of each 12-month period beginning with the period specified in the Series Supplement for a given Series of Certificates, either the Administrative Agent, if any, specified in the Series Supplement, or otherwise the Trustee shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Administrative Agent, if any, the Trustee or the DepositorTrustor) to furnish a report addressed to the Trustee, the DepositorTrustor, the Rating Agency and each Credit Support Provider for such Series, if any, to the effect that such firm has examined certain documents and records relating to the administration of the Term Assets Underlying Securities and related Credit Support deposited in or held by the applicable Trust during the preceding 12-month period (or, in the case of the first such report, during the period from the Closing Date to the date specified in the applicable Series Supplement), which report should enable the recipients thereof to determine whether such administration was conducted in accordance with the terms of this Agreement and the related Series Supplement. Such report shall identify any exceptions found during the examination. Such report will also indicate that the firm is independent of the Administrative Agent, if any, and the Trustee within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants. Copies of such statement received by the Trustee shall be provided by the Trustee to any Certificateholder of such Series upon request without charge to the requesting Certificateholder. The firm of independent public accountants shall be entitled to compensation in consideration for its duties hereunder in the manner specified in the applicable Series Supplement.