Common use of Master Servicer’s Financial Statements and Related Information Clause in Contracts

Master Servicer’s Financial Statements and Related Information. (a) For each year this Agreement is in effect, the Group 1-3 Master Servicer shall submit to the Trustee, each Rating Agency and the Depositor a copy of its annual unaudited financial statements on or prior to August 31 of each year. Such financial statements shall include a balance sheet, income statement, statement of retained earnings, statement of additional paid-in capital, statement of changes in financial position and all related notes and schedules and shall be in comparative form, certified by a nationally recognized firm of Independent Accountants to the effect that such statements were examined and prepared in accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding year. (b) On or before April 30 of each year this Agreement is in effect, beginning with the first April 30 succeeding the Cut-off Date by at least six months, the Group 4 Master Servicer, at its expense, shall cause a firm of independent public accountants to furnish a statement to the Trustee, the Securities Administrator, S&P, Thornburg and the Depositor to the effect that, in connection xxxx xxx firm's examination of the financial statements as of the previous December 31 of the Master Servicer's parent corporation (which shall include a limited examination of the Master Servicer's financial statements), nothing came to their attention that indicated that the Master Servicer was not in compliance with Section 4.01, Section 4.02, Section 4.03, Section 9.04 and Section 9.25 of this Agreement, except for (i) such exceptions as such firm believes to be immaterial, and (ii) such other exceptions as are set forth in such statement.