Common use of Independent Public Accountants' Servicing Report Clause in Contracts

Independent Public Accountants' Servicing Report. Not later than 75 days following the end of each calendar year, the Seller at its expense shall cause a firm of independent public accountants (which may also render other services to the Seller) which is a member of the American Institute of Certified Public Accountants to furnish a statement to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements, as applicable, except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies of such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. To the extent the Purchaser has provided the Seller with a substantially similar report from a firm of independent public accountants pursuant to Section 13 with respect to any calendar year, the Seller shall be deemed to have satisfied the provisions of this Section 11.24.

Independent Public Accountants' Servicing Report. Not later than 75 days following the end of each calendar year, the Seller Servicer at its expense shall cause a firm of independent public accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements, as applicable, except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies of such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. To Notwithstanding the extent foregoing, the Purchaser has provided Servicer’s obligation to deliver a statement under this Subsection, as to the Seller with a substantially similar report from a firm of independent public accountants pursuant to Section 13 with respect Servicer or any Sub-Servicer, as to any calendar year, beginning with the Seller report required in March 2007, shall be deemed satisfied if an assessment of compliance and attestation report is delivered in compliance with Subsection 13.05 for such calendar year with respect to have satisfied the provisions of this Section 11.24that entity.

Independent Public Accountants' Servicing Report. Not later than 75 days following the end of each calendar year, the Seller Interim Servicer at its expense shall cause a firm of independent public accountants (which may also render other services to the SellerInterim Servicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement to (a “USAP Report”)to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements, as applicable, except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies of such statement USAP Report shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. To the extent the Purchaser has provided the Seller with a substantially similar report from a firm of independent public accountants pursuant to Section 13 with respect to any calendar year, the Seller shall be deemed to have satisfied the provisions of this Section 11.24.

Independent Public Accountants' Servicing Report. Not later than 75 90 days following the end of each calendar yearfiscal year of the Seller, beginning with the fiscal year ending August 31, 1997, the Seller at its expense shall cause a firm of independent public accountants (which may also render other services to the Seller) which is a member of the American Institute of Certified Public Accountants to furnish a statement to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program Audit Guide for Mortgage BankersUse by Independent Public Accountants in Audits of HUD-approved Non-Supervised Mortgagees, Loan Correspondents and Coinsuring Mortgagees (the "Audit Guide"), such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements, as applicable, agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers Audit Guide requires it to report. Copies of such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. To the extent the Purchaser has provided the Seller with a substantially similar report from a firm of independent public accountants pursuant to Section 13 with respect to any calendar year, the Seller shall be deemed to have satisfied the provisions of this Section 11.24.

Independent Public Accountants' Servicing Report. Not later than 75 days following the end of each calendar year, the Seller at its expense shall cause a firm of independent public accountants (which may also render other services to the Seller) which is a member of the American Institute of Certified Public Accountants to furnish a statement to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements, as applicable, except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies of such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. To the extent the Purchaser has provided the Seller with a substantially similar report from a firm of independent public accountants pursuant to Section 13 with respect to any calendar year, the Seller shall be deemed to have satisfied the provisions of this Section 11.2411.25.