Common use of Annual Servicing Report Clause in Contracts

Annual Servicing Report. On or before March 31 of each year, beginning March 31, 2005, the Master Servicer at its expense shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a report to the Indenture Trustee and a copy to each of the Rating Agencies to the effect that, for the prior calendar year (or in the case of the report delivered in 2005, from the Closing Date) (i) such firm has performed procedures in order to provide a report on the Master Servicer's assertion that the servicing of Home Equity Loans by the Master Servicer during the relevant period under this Agreement has been conducted in compliance with the terms and conditions set forth in this Agreement related to the servicing of the Home Equity Loans and the reporting thereof and (ii) that the Master Servicer's assertion is fair and accurate in all material respects.

Annual Servicing Report. (a) On or before March 31 of each year, beginning March 31, 20052006, the Master Servicer at its expense shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a written report to the Indenture Trustee and the Administrator, with a copy to each of the Rating Agencies Agencies, to the effect that, for the prior calendar year (or in the case of the report delivered in 20052006, from the Closing Date) (i) such firm has performed procedures in order to provide a report on the Master Servicer's assertion that the servicing of Home Equity Loans by the Master Servicer during the relevant period under this Agreement has been conducted in compliance with the terms and conditions set forth in this Agreement related to the servicing of the Home Equity Loans and the reporting thereof and (ii) that the Master Servicer's assertion is fair and accurate in all material respects.

Annual Servicing Report. (a) On or before March 31 of each year, beginning March 31, 20052006, the Master Servicer at its expense shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a report to the Indenture Trustee and the Administrator, with a copy to each of the Rating Agencies Agencies, to the effect that, for the prior calendar year (or in the case of the report delivered in 20052006, from the Closing Date) (i) such firm has performed procedures in order to provide a report on the Master Servicer's assertion that the servicing of Home Equity Loans by the Master Servicer during the relevant period under this Agreement has been conducted in compliance with the terms and conditions set forth in this Agreement related to the servicing of the Home Equity Loans and the reporting thereof and (ii) that the Master Servicer's assertion is fair and accurate in all material respects.