Common use of Annual Servicing Clause in Contracts

Annual Servicing. Not later than the last Business Day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 1998, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of the American Institute of Certified Public Accountants to furnish a letter or letters to the Trustee and each Rating Agency to the effect that such firm has, with respect to the Servicer's overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.

Annual Servicing. Not later than the last Business Day of the fifth month following the end of the Servicer's fiscal year (December 31), beginning in 1998, the Servicer, at its expense, shall cause a firm of independent public accountants which is a member of reasonably acceptable to the American Institute of Certified Public Accountants Trustee and the Certificate Insurer to furnish a letter or letters to the Trustee Certificate Insurer, the Trustee, S&P and each Rating Agency ▇▇▇▇▇'▇ to the effect that such firm has, with respect to the Servicer's overall servicing operations, examined such operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.