Common use of Servicing Compliance Review Clause in Contracts

Servicing Compliance Review. Promptly upon receipt from the Servicer of its annual statement described in Section 6.04 of the Sale and Servicing Agreement and the accountant's report described in Section 6.05 of the Sale and Servicing Agreement, the Trustee shall furnish a copy thereof to the Depositor. Promptly after the Depositor's receipt thereof, the Depositor shall review the same and, if applicable, consult with the Servicer as to the nature of any defaults by the Servicer in the fulfillment of any of the Servicer's obligations under the Sale and Servicing Agreement.

Servicing Compliance Review. Promptly upon receipt from the Servicer of its annual statement described in Section 6.04 of the Sale compliance and Servicing Agreement and the accountant's report described in Section 6.05 Sections 5.4 and 5.5 of the Sale and Servicing Agreement, Agreement the Trustee shall furnish a copy thereof to the Depositor. Promptly after the Depositor's receipt thereof, the Depositor shall review the same and, if applicable, consult with the Servicer as to the nature of any defaults by the Servicer in the fulfillment of any of the Servicer's obligations under the Sale and Servicing Agreement.

Servicing Compliance Review. Promptly upon receipt from the Servicer of its annual statement of compliance described in Section 6.04 of the Sale and Servicing Agreement and the accountant's report described in Section 6.05 of the Sale and Servicing Agreement, the Trustee Securities Administrator shall furnish a copy thereof to the Depositor. Promptly after the Depositor's receipt thereof, the Depositor shall review the same and, if applicable, consult with the Servicer as to the nature of any defaults by the Servicer in the fulfillment of any of the Servicer's obligations under the Sale and Servicing Agreement.

Servicing Compliance Review. Promptly upon receipt from the Servicer of its annual statement of compliance described in Section 6.04 of the Sale and Servicing Agreement and the accountant's report described in Section 6.05 of the Sale and Servicing Agreement, the Trustee shall furnish a copy thereof to the Depositor. Promptly after the Depositor's receipt thereof, the Depositor shall review the same and, if applicable, consult with the Servicer as to the nature of any defaults by the Servicer in the fulfillment of any of the Servicer's obligations under the Sale and Servicing Agreement.