Common use of Annual Independent Certified Public Accountants’ Servicing Report Clause in Contracts

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator to any Certificateholder upon request at the Servicer’s expense, provided that such statement is delivered by the Servicer to the Securities Administrator.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 20062005, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s 's expense, provided that such statement is delivered by the Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 20062005, the ServicerGMACM, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer GMACM a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer GMACM which includes an assertion that the Servicer GMACM has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer GMACM shall furnish a copy of such report to the Depositor, the Master ServicerCertificate Insurer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s GMACM's expense, provided that such statement is delivered by the Servicer GMACM to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006____, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master ServicerCertificate Insurer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s 's expense, provided that such statement is delivered by the Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s 's expense, provided that such statement is delivered by the Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th February 28th of each year, commencing in 20062004, the ServicerOption One, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer Option One a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer Option One which includes an assertion that the Servicer Option One has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer Option One shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s Option One's expense, provided that such statement is delivered by the Servicer Option One to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the ServicerGMACM, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer GMACM a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer GMACM which includes an assertion that the Servicer GMACM has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer GMACM shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s GMACM's expense, provided that such statement is delivered by the Servicer GMACM to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th 1 of each fiscal year, commencing beginning in 20062007, the Servicer, Servicer at its expense, expense shall cause a nationally recognized firm of independent certified public accountants (which may also render other services to the Servicer) which is a member of the American Institute of Certified Public Accountants to furnish a report (a “USAP Report”) relating to the Servicer a report stating Interim Servicing Period to the Purchaser or its designee to the effect that (i) it such firm has obtained a letter of representation regarding examined certain matters from documents and records relating to the management servicing of the Servicer which includes an assertion that Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Servicer has complied 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 certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of AmericaBankers, such firm confirms that such servicing has been conducted in compliance with respect such pooling and servicing agreements examined pursuant to the servicing of residential mortgage loans this Section 11.25 during the most recently completed preceding fiscal or calendar year year, except for (i) such exceptions as such firm shall believe to be immaterial, and (ii) such other exceptions as shall be set forth in such USAP Report. Such USAP Report shall contain no restrictions or limitations on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator and each Rating Agencyuse. Copies of such statement USAP Reports shall be provided by the Securities Administrator to any Certificateholder upon request at the Servicer’s expense, provided that such statement is delivered by the Servicer to the Securities AdministratorPurchaser. In addition, on an annual basis, the Servicer shall provide the Purchaser with copies of its audited financial statements.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 20062005, the each Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the such Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the such Servicer which includes an assertion that the such Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the each Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the related Servicer’s 's expense, provided that such statement is delivered by the such Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th February 28th of each year, commencing in 20062004, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s 's expense, provided that such statement is delivered by the Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the each Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer it a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the such Servicer which includes an assertion that the such Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the applicable Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator to any Certificateholder upon request at the related Servicer’s expense, provided that such statement is delivered by the such Servicer to the Securities Administrator.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the ServicerGMACM, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer GMACM a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer GMACM which includes an assertion that the Servicer GMACM has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer GMACM shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator to any Certificateholder upon request at the ServicerGMACM’s expense, provided that such statement is delivered by the Servicer GMACM to the Securities Administrator.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th of each year, commencing in 2006, the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s expense, provided that such statement is delivered by the Servicer to the Securities AdministratorTrustee.

Annual Independent Certified Public Accountants’ Servicing Report. Not later than March 15th February 28th of each year, commencing in 20062004, the ServicerOption One, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer Option One a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer Option One which includes an assertion that the Servicer Option One has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed fiscal or calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by subservicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those subservicers. Promptly upon receipt of such report, the Servicer Option One shall furnish a copy of such report to the Depositor, the Master Servicer, the Securities Administrator Trustee and each Rating Agency. Copies of such statement shall be provided by the Securities Administrator Trustee to any Certificateholder upon request at the Servicer’s Option One's expense, provided that such statement is delivered by the Servicer Option One to the Securities AdministratorTrustee.