Common use of Statements as to Compliance Clause in Contracts

Statements as to Compliance. (a) Not later than the earlier of (i) March 15 of each year or (ii) the fifteenth day prior to the date the Owner is required to make its annual report to the SEC (in each case, if such day is not a Business Day, the next succeeding Business Day), the Servicer shall deliver to the Owner and, with respect to any Mortgage Loans subject to a Pass-Through Transfer, each other Person entitled to receive servicing reports provided pursuant to Section 3.2(a) an Officer's Certificate for the prior calendar year, beginning with the calendar year ending December 31, 2003, stating (i) a review of the activities of the Servicer during the preceding year and of 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 Servicer has fulfilled all of its obligations under this Agreement throughout such year or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof (which status should include the action being taken by the Servicer to cure such default).