Common use of Report on Assessment of Compliance with Applicable Servicing Criteria Clause in Contracts

Report on Assessment of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 2007, the Servicer shall deliver to the Seller, the Trustee, the NIMS Insurer, the Master Servicer, the Securities Administrator and the Depositor a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I attached hereto, as of and for the fiscal year of the Trust (which, unless otherwise identified to the Servicer in writing, shall be the calendar year) for the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole that are backed by the same asset type backing such asset-backed securities. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (§ 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Servicer as provided in Section 5.04.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sail 2006-Bnc2)

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Report on Assessment of Compliance with Applicable Servicing Criteria. On The Servicer shall, using its best reasonable efforts, on or before March 1st 1st, but in no event later than March 15th, of each calendar year, beginning with March 1, commencing in 2007, the Servicer shall deliver to the Seller, the Trustee, the NIMS Insurer, the Master Servicer, the Securities Administrator Servicer and the Depositor a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I H attached hereto, as of and for the fiscal calendar year ending December 31 of the Trust (which, unless otherwise identified to the Servicer in writing, shall be the calendar year) for the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole in which the Servicer is performing all of the servicing criteria specified in Exhibit H and that are backed by the same asset type backing such asset-backed securities. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (§ 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Servicer as provided in Section 5.045.02.

Appears in 1 contract

Samples: Subservicing Agreement (Sail 2006-2)

Report on Assessment of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 20072008, the Servicer shall deliver to the Seller, the Trustee, the NIMS Insurer, the Master Servicer, the Securities Administrator and the Depositor a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I attached hereto, as of and for the fiscal year of the Trust (which, unless otherwise identified to the Servicer in writing, shall be the calendar yearCalendar Year) for the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole that are backed by the same asset type backing such asset-backed securities. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (§ 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Servicer as provided in Section 5.04.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Report on Assessment of Compliance with Applicable Servicing Criteria. On The Servicer shall, using its best reasonable efforts, on or before March 1st 1st, but in no event later than March 15th, of each calendar year, beginning with March 1, commencing in 2007, the Servicer shall deliver to the Seller, the Trustee, the NIMS Insurer, the Master Servicer, the Securities Administrator Servicer and the Depositor a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I H attached hereto, as of and for the fiscal calendar year ending December 31 of the Trust (which, unless otherwise identified to the Servicer in writing, shall be the calendar year) for the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole that are backed by in which the same asset type backing such asset-backed securities. Servicer is performing all of the servicing criteria specified in Exhibit H. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (§ Sec. 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Servicer as provided in Section 5.04.5.02. ARTICLE VI. REPRESENTATIONS, WARRANTIES AND AGREEMENTS

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-Bnc1)

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Report on Assessment of Compliance with Applicable Servicing Criteria. On or before March 1st 15th of each calendar year, beginning with March 115, 2007, the Servicer shall deliver to the Seller, the Trustee, the Certificate Insurer, the NIMS Insurer, the Master Servicer, the Securities Administrator Servicer and the Depositor a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I H attached hereto, as of and for the period ending the end of the fiscal year ending no later than December 31 of the Trust (which, unless otherwise identified to the Servicer in writing, shall be the calendar year) for the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole that are backed by in which the same asset type backing such asset-backed securities. Servicer is performing any of the servicing criteria specified in Exhibit H. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (§ 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Servicer as provided in Section 5.045.07.

Appears in 1 contract

Samples: Securitization Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7)

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