Common use of Assessment of Servicing Compliance Clause in Contracts

Assessment of Servicing Compliance. If the Company services mortgage loans included in a Securitization Transfer registered with the Commission, and the Owner has determined that it must obtain from the Company the assessment described herein in order to comply with its obligations under Regulation AB, the Owner shall so notify the Company in writing. On or before March 15th of each year following the date of such notice, beginning with the March 15th that is at least three months later than the date of such notice, the Company shall deliver to the Owner or its designee a report regarding its assessment of compliance with “Servicing Criteria” as required by, and described in, Rules 13a-18 and 15d-18 of the Securities Exchange Act and Item 1122 of Regulation AB.