Common use of OTHER CERTIFICATES AND NOTICES FROM SERVICER Clause in Contracts

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the year ended September 30, 1998), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar year (or since the commencement of the Titling Trust in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 1998-B SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 1998-B SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls below Baa1 by Moody's or BBB+ for Standard & Poor's as determined by a Rating Agency, then on a quarterly basis, the Servicer shall cause to be delivered to the 1998-B Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the year ended September 30, 1998), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar year (or since the commencement of the Titling Trust in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 19981997-B A SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 19981997-B A SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls below Baa1 by Moody's On or BBB+ for Standard & Poor's as determined by a Rating Agency, then on a quarterly basisprior to each Determination Date, the Servicer shall cause to be delivered to the 19981997-B A Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liabilityUnfunded Current Liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the year ended September 30, 1998), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B C Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar year (or since the commencement of the Titling Trust in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 1998-B C SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 1998-B C SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls below Baa1 by Moody's or BBB+ for Standard & Poor's as determined by a Rating Agency, then on a quarterly basis, the Servicer shall cause to be delivered to the 1998-B C Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the year ended September 30, 1998), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar year (or since the commencement of the Titling Trust in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 19981997-B A SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 19981997-B A SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls below Baa1 by Moody's or BBB+ for Standard & Poor's as determined by a Rating Agency, then on a quarterly basis, the Servicer shall cause to be delivered to the 19981997-B A Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the fiscal year ended September 30, 19981999), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B C Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar fiscal year (or since the commencement of the Titling Trust Closing Date in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 1998-B C SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 1998-B C SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls below Baa1 by Moody's or BBB+ for Standard & Poor's as determined by a Rating Agency, then on a quarterly basis, the Servicer shall cause to be delivered to the 1998-B C Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.

OTHER CERTIFICATES AND NOTICES FROM SERVICER. (a) Within 120 days after September 30 of each calendar year (commencing with the year ended September 30, 1998), the Servicer shall deliver an Officer's Certificate to the Titling Trustee and the 1998-B Securitization Trustee to the effect that a review of the activities of the Servicer during the prior calendar year (or since the commencement of the Titling Trust in the case of the first such Officer's Certificate) has been made under the supervision of the officer executing such Officer's Certificate with a view to determining whether during such period the Servicer has performed and observed all of its obligations under this 19981997-B A SUBI Servicing Supplement, and either (i) stating that, to the best of his or her knowledge, no default by the Servicer under this 19981997-B A SUBI Servicing Supplement has occurred and is continuing, or (ii) if such a default has occurred and is continuing, specifying such default and the nature and status thereof. (b) In the event the rating of the Servicer's long-term unsecured debt obligations falls fall below Baa1 by Moody's or BBB+ for Standard & Poor's investment grade as determined by a Rating Agency, then on a quarterly basis, the Servicer shall cause to be delivered to the 19981997-B A Securitization Trustee and each Rating Agency an Officer's Certificate stating that neither the Titling Trust nor any of its ERISA Affiliates: (i) maintains a Plan, which, as of its last valuation date, has any unfunded current liabilityUnfunded Current Liability; (ii) anticipates that the value of the assets of any Plan it maintains would not be sufficient to cover any Current Liability; or (iii) is contemplating benefit improvements with respect to any Plan then maintained by any such entity or the establishment of any new Plan, either of which would cause any such entity to maintain a Plan with Unfunded Current Liability.