Common use of Quarterly Statement as to Compliance Clause in Contracts

Quarterly Statement as to Compliance. Each of the Property Manager and the Special Servicer shall deliver to the Issuers, to the Indenture Trustee and, in the case of the Special Servicer, to the Property Manager, within 60 days after the end of the first three calendar quarters of each year and within 120 days after the end of the fiscal year, an Officer’s Certificate stating, as to each signer thereof, that (i) a review of the activities of the Property Manager and the Special Servicer throughout the preceding calendar quarter, and of its performance under this Agreement, has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based on such review, the Property Manager or the Special Servicer, as the case may be, complied in all material respects throughout such period with the minimum servicing standards in this Agreement and fulfilled in all material respects throughout such period its obligations under this Agreement or, if there was noncompliance with such standards or a default in the fulfillment of any such obligation in any material respect, such Officer’s Certificate shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof.

Quarterly Statement as to Compliance. Each of the Property Manager and the Special Servicer shall deliver to the IssuersBorrowers, to the Indenture Trustee Administrative Agent and, in the case of the Special Servicer, to the Property Manager, within 60 days after the end of the first three calendar quarters of each year and within 120 days after the end of the fiscal year, an Officer’s Certificate stating, as to each signer thereof, that (i) a review of the activities of the Property Manager and the Special Servicer throughout the preceding calendar quarter, and of its performance under this Agreement, has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based on such review, the Property Manager or the Special Servicer, as the case may be, complied in all material respects throughout such period with the minimum servicing standards in this Agreement and fulfilled in all material respects throughout such period its obligations under this Agreement or, if there was noncompliance with such standards or a default in the fulfillment of any such obligation in any material respect, such Officer’s Certificate shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof. To the extent KeyBank has become the successor property Manager or Special Servicer, it shall provide an annual certification relating to the foregoing to be delivered by March 31st of each calendar year.

Quarterly Statement as to Compliance. Each of the The Property Manager and the Special Servicer shall deliver to the IssuersIssuer, to the Indenture Trustee andand the Directing Noteholder, as soon as available and in the case of the Special Servicerany event by March 31, to the Property ManagerJune 30, within 60 days after the end of the first three calendar quarters September 30 and December 31 of each year and within 120 days after (or the end of the fiscal yearnext succeeding Business Day if any such day is not a Business Day), beginning March 31, 2001, an Officer’s 's Certificate stating, as to each signer thereof, that (i) a review of the activities of the Property Manager and during the Special Servicer throughout the preceding three calendar quartermonth period then ended, and of its performance under this Agreement, has been made under such officer’s 's supervision, and (ii) to the best of such officer’s 's knowledge, based on such review, the Property Manager or the Special Servicer, as the case may be, complied in all material respects throughout such period with the minimum servicing standards in this Agreement the Uniform Single Attestation Program for Mortgage Bankers, to the extent applicable, and fulfilled in all material respects throughout such period its obligations under this Agreement or, if there was noncompliance with such standards or a default in the fulfillment of any such obligation in any material respect, such Officer’s 's Certificate shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof.