Common use of Non-Program Vehicle Report Clause in Contracts

Non-Program Vehicle Report. Semi-annual (or such other time period as the Rating Agencies shall require) reports of independent public accountants as follows: On or before the second Determination Date immediately following each March 31 and September 30 of each year, the Master Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer and who is acceptable to the Rating Agencies) to furnish a report (the “Non-Program Vehicle Report”) to the Lessor, the Trustee, the Rating Agencies and the Master Collateral Agent to the effect that they have performed certain agreed upon procedures with respect to the calculation of Disposition Proceeds obtained from the sale or other disposition of all Non-Program Vehicles (other than Casualties) sold or otherwise disposed of during each Related Month in such period and compared such calculations of Disposition Proceeds with the corresponding amounts set forth in the Daily Reports prepared by the Master Servicer pursuant to clause (a) above and that on the basis of such comparison such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such report, the Master Servicer shall serve as agent for the users of the report in determining the sufficiency of such procedure.

Non-Program Vehicle Report. Semi-annual (or such other time period as the Rating Agencies shall require) reports of independent public accountants as follows: On or before the second Determination Date immediately following each March 31 and September 30 of each year, beginning with September 30, 2006, the Master Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer and who is acceptable to the Rating Agencies) to furnish a report (the “Non-Program Vehicle Report”) to the Lessor, the Trustee, the Rating Agencies and the Master Collateral Agent to the effect that they have performed certain agreed upon procedures with respect to the calculation of Disposition Proceeds obtained from the sale or other disposition of all Non-Program Vehicles (other than Casualties) sold or otherwise disposed of during each Related Month in such period and compared such calculations of Disposition Proceeds with the corresponding amounts set forth in the Daily Reports prepared by the Master Servicer pursuant to clause (a) above and that on the basis of such comparison such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such report, the Master Servicer shall serve as agent for the users of the report in determining the sufficiency of such procedure.

Non-Program Vehicle Report. SemiAnnual reports (or semi-annual (or such other time period as at the Rating Agencies shall requireoption of the Master Servicer) reports of independent public accountants as follows: On or before the second Determination Date immediately following each March 31 and September 30 of each year, beginning with March 31, 2012, the Master Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer and who is reasonably acceptable to the Rating Agencies) to furnish a report (the “Non-Program Vehicle Report”) to the Lessor, the Trustee, the each applicable Rating Agencies Agency and the Master Collateral Agent to the effect that they have performed certain agreed upon procedures with respect to the calculation of Disposition Proceeds obtained from the sale or other disposition of all Non-Program Vehicles (other than Casualties) sold or otherwise disposed of during each Related Month in such period and compared such calculations of Disposition Proceeds with the corresponding amounts set forth in the Daily Reports prepared by the Master Servicer pursuant to clause (a) above and that on the basis of such comparison such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such report, the . The Master Servicer shall serve as agent for the users of the report in determining the sufficiency of such procedure.

Non-Program Vehicle Report. SemiAnnual reports (or semi-annual (or such other time period as at the Rating Agencies shall requireoption of the Master Servicer) reports of independent public accountants as follows: On or before the second Determination Date immediately following each March 31 and September 30 of each year, beginning with March 31, 2012, the Master Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer and who is reasonably acceptable to the Rating Agencies) to furnish a report (the “Non-Program Vehicle Report”) to the Lessor, the Trustee, the Rating Agencies Trustee and the Master Collateral Agent to the effect that they have performed certain agreed upon procedures with respect to the calculation of Disposition Proceeds obtained from the sale or other disposition of all Non-Program Vehicles (other than Casualties) sold or otherwise disposed of during each Related Month in such period and compared such calculations of Disposition Proceeds with the corresponding amounts set forth in the Daily Reports prepared by the Master Servicer pursuant to clause (a) above and that on the basis of such comparison such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such report, the . The Master Servicer shall serve as agent for the users of the report in determining the sufficiency of such procedure.”