Common use of Regulation AB Compliance Clause in Contracts

Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 of each year, beginning March 10, 2008, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 of each year, beginning March 15, 2008, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, beginning April 15, 2009.

Appears in 4 contracts

Samples: Custodian Agreement (Capital Auto Receivables Asset Trust 2007-1), Custodian Agreement (Capital Auto Receivables Asset Trust 2007-3), Custodian Agreement (Capital Auto Receivables LLC)

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Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 of each year, beginning March 10, 20082009, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 of each year, beginning March 15, 20082009, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, beginning April 15, 2009.

Appears in 2 contracts

Samples: Custodian Agreement (Capital Auto Receivables Asset Trust 2008-1), Custodian Agreement (Capital Auto Receivables LLC)

Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 of each year, beginning March 10, 200820___, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 of each year, beginning March 15, 200820___, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, beginning April 15, 200920___.

Appears in 1 contract

Samples: Custodian Agreement (Capital Auto Receivables LLC)

Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 1 of each year, beginning March 101, 200820__, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Initial Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 1 of each year, beginning March 151, 200820__, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the . The reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if within the time periods specified above, unless the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, in which case such reports may be delivered on or before April 15 of each calendar year, beginning April 15, 200920__.

Appears in 1 contract

Samples: Custodian Agreement (Wholesale Auto Receivables LLC)

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Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 1 of each year, beginning March 101, 2008, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Initial Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 1 of each year, beginning March 151, 2008, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the . The reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if within the time periods specified above, unless the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, in which case such reports may be delivered on or before April 15 of each calendar year, beginning April 15, 2009.

Appears in 1 contract

Samples: Custodian Agreement (SWIFT Master Auto Receivables Trust)

Regulation AB Compliance. If at any time the Custodian is not also serving as Servicer under the Pooling and Servicing Agreement, the Custodian shall: (i) deliver to the Servicer on or before March 10 of each year, beginning March 10, 2008, a report, dated as of December 31 of the preceding calendar year, of its assessment of compliance with the Servicing Criteria applicable to it with respect to such calendar year (or, in the case of the first year, since no later than the Closing Date), including disclosure of any material instance of non-compliance identified by the Custodian, as required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB under the Securities Act, and (ii) cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Servicer on or before March 15 of each year, beginning March 15, 2008, an attestation report that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act, as applicable, of the assessment of compliance with Servicing Criteria with respect to the prior calendar year (or, in the case of the first year, since no later than the Closing Date). (iii) the reports under this Section 3(f) shall be delivered on or before April 15 of each calendar year if the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, beginning April 15, 2009.

Appears in 1 contract

Samples: Custodian Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

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