Common use of Annual Compliance Statement Clause in Contracts

Annual Compliance Statement. (a) The Master Servicer and the Securities Administrator shall deliver (and the Master Servicer and Securities Administrator shall cause any Servicing Function Participant engaged by it to deliver) to the Depositor and the Securities Administrator on or before March 15th of each year, commencing in March 2009, an Officer's Certificate stating, as to the signer thereof, that (A) a review of such party's activities during the preceding calendar year or portion thereof and of such party's performance under this Agreement, or such other applicable agreement in the case of any Servicing Function Participant, has been made under such officer's supervision and (B) to the best of such officer's knowledge, based on such review, such party has fulfilled all its obligations under this Agreement, or such other applicable agreement in the case of any Servicing Function Participant, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Promptly after receipt of each such Officer's Certificate, the Depositor shall review such Officer's Certificate and, if applicable, consult with each such party, as applicable, as to the nature of any failures by such party, in the fulfillment of any of such party's obligations hereunder or, in the case of any Servicing Function Participant, under such other applicable agreement.

Annual Compliance Statement. (a) The Servicer, the Master Servicer and the Securities Administrator shall deliver (and the Servicer, the Subservicer, the Master Servicer and Securities Administrator shall cause any Additional Servicer or Servicing Function Participant engaged by it to deliver) to the Depositor and the Securities Administrator on or before March 15th 10 (with a 5 calendar day cure period) of each year, commencing in March 20092008, an Officer's ’s Certificate stating, as to the signer thereof, that (A) a review of such party's ’s activities during the preceding calendar year or portion thereof and of such party's ’s performance under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, has been made under such officer's ’s supervision and (B) to the best of such officer's ’s knowledge, based on such review, such party has fulfilled all its obligations under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Promptly after receipt of each such Officer's ’s Certificate, the Depositor shall review such Officer's ’s Certificate and, if applicable, consult with each such party, as applicable, as to the nature of any failures by such party, in the fulfillment of any of such party's ’s obligations hereunder or, in the case of any Servicing Function Participantan Additional Servicer, under such other applicable agreement.. 143

Annual Compliance Statement. (a) The Master Servicer and the Securities Administrator shall deliver (and the Master Servicer and Securities Administrator shall cause any Additional Servicer or Servicing Function Participant engaged by it to deliver) to the Depositor and the Securities Administrator on or before March 15th 10 (with a 5 calendar day cure period) of each year, commencing in March 20092007, an Officer's ’s Certificate stating, as to the signer thereof, that (A) a review of such party's ’s activities during the preceding calendar year or portion thereof and of such party's ’s performance under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, has been made under such officer's ’s supervision and (B) to the best of such officer's ’s knowledge, based on such review, such party has fulfilled all its obligations under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Promptly after receipt of each such Officer's ’s Certificate, the Depositor shall review such Officer's ’s Certificate and, if applicable, consult with each such party, as applicable, as to the nature of any failures by such party, in the fulfillment of any of such party's ’s obligations hereunder or, in the case of any Servicing Function Participantan Additional Servicer, under such other applicable agreement.

Annual Compliance Statement. (a) The Servicer, the Master Servicer and the Securities Administrator shall deliver (and the Servicer, the Subservicer, the Master Servicer and Securities Administrator shall cause any Additional Servicer or Servicing Function Participant engaged by it to deliver) to the Depositor and the Securities Administrator on or before March 15th 10 (with a 5 calendar day cure period) of each year, commencing in March 20092008, an Officer's ’s Certificate stating, as to the signer thereof, 217412 HomeBanc 2007-1 Pooling and Servicing Agreement 143 that (A) a review of such party's ’s activities during the preceding calendar year or portion thereof and of such party's ’s performance under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, has been made under such officer's ’s supervision and (B) to the best of such officer's ’s knowledge, based on such review, such party has fulfilled all its obligations under this Agreement, or such other applicable agreement in the case of any Servicing Function Participantan Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Promptly after receipt of each such Officer's ’s Certificate, the Depositor shall review such Officer's ’s Certificate and, if applicable, consult with each such party, as applicable, as to the nature of any failures by such party, in the fulfillment of any of such party's ’s obligations hereunder or, in the case of any Servicing Function Participantan Additional Servicer, under such other applicable agreement.