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

Report on Attestation of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, on or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, furnish to the Seller, the Trustee, the Depositor, the Trustee and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06.

Appears in 6 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-6), Servicing Agreement (Lehman Mortgage Trust 2007-5), Servicing Agreement (Lehman Mortgage Trust 2007-4)

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Report on Attestation of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, on or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, furnish to the Seller, the Trustee, the Depositor, the Trustee and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06).

Appears in 3 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-2), Servicing Agreement (Lehman Mortgage Trust 2007-3), Servicing Agreement (LMT 2007-1)

Report on Attestation of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 20082009, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, on or before March 1st of each calendar year, beginning with March 1, 20082009, the Special Servicer shall, at its own expense, furnish to the Seller, the Trustee, the Depositor, the Trustee Depositor and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06.

Appears in 2 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2008-6), Special Servicing Agreement (Lehman Mortgage Trust 2008-2)

Report on Attestation of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee Securities Administrator and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, on or before March 1st of each calendar year, beginning with March 1, 2008, the Special Servicer shall, at its own expense, furnish to the Seller, the Trustee, the Depositor, the Trustee Securities Administrator and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06.

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-10)

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Report on Attestation of Compliance with Applicable Servicing Criteria. On or before March 1st of each calendar year, beginning with March 1, 20082007, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee Securities Administrator and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, on or before March 1st of each calendar year, beginning with March 1, 20082007, the Special Servicer shall, at its own expense, furnish to the Seller, the Trustee, the Depositor, the Trustee Securities Administrator and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06).

Appears in 1 contract

Samples: Servicing Agreement (Lehman Mortgage Trust 2006-7)

Report on Attestation of Compliance with Applicable Servicing Criteria. On The Servicer shall, on or before March 1st 15th of each calendar year, beginning with March 1, commencing in 2008, the Special Servicer shall, at its own expense, cause a firm of independent public accountants (who may also render other services to the Special Servicer), which is a member of the American Institute of Certified Public Accountants, to furnish to the Seller, the Trustee NIMS Insurer, the Trustee, the Depositor and the Master Servicer (i) year-end audited (if available) financial statements of the Special Servicer and (ii) a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 5.06 5.04 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board. In addition, the Servicer shall, on or before March 1st 15th of each calendar year, beginning with March 1, commencing in 2008, the Special Servicer shall, at its own expense, furnish to the Seller, the NIMS Insurer, the Trustee, the Depositor, Depositor and the Trustee and Master Servicer a report meeting the requirements of clause (ii) above regarding the attestation of any (x) Subservicer or (y) Subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB (each, without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB, a “Participating Entity”) and for which the Special Servicer does not elect to take responsibility for assessing compliance with the servicing criteria in accordance with Regulation AB Telephone Interpretation 17.06.

Appears in 1 contract

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

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