Common use of Assessment of Servicing Compliance Clause in Contracts

Assessment of Servicing Compliance. The Servicer shall deliver to the Purchaser or its designee on or before March 1 of each year, beginning March 1, 2007, a report reasonably satisfactory to the Purchaser regarding the Servicer’s assessment of compliance with each of the Servicing Criteria identified as the Servicer’s responsibility on Exhibit 15 hereto, as required by Rules 13a-18 and 15d-18 of the Securities Exchange Act and Item 1122 of Regulation AB, which as of the date hereof require a report by the Servicer that contains the following: (a) A statement of its responsibility of assessing the Servicing Criteria applicable to the Servicer; (b) A statement that it used the Servicing Criteria to assess compliance with the Servicing Criteria applicable to the Servicer; (c) A statement of the Servicer’s compliance with the applicable Servicing Criteria as of the immediately preceding December 31 and for the period covered by the preceding calendar year and disclosure of any material instance of noncompliance with respect thereto; (d) A statement that a registered public accounting firm has issued an attestation report on the Servicer’s compliance with the applicable Servicing Criteria as of the immediately preceding December 31, and for the period covered by the preceding calendar year; and (e) A statement as to which of the Servicing Criteria, if any, are not applicable to the Servicer (which statement shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Servicer that are backed by the same asset type as the Mortgage Loans).

Assessment of Servicing Compliance. The Servicer Company shall deliver to the Purchaser or its designee on or before March 1 1st of each year, beginning March 1, 2007, a report reasonably satisfactory to the Purchaser regarding the Servicer’s its assessment of compliance with each of the Servicing Criteria identified as to the Servicerextent applicable to the Seller’s responsibility on Exhibit 15 hereto, servicing obligations under this Agreement (or any applicable Reconstitution Agreement) as required by Rules 13a-18 and 15d-18 of the Securities Exchange Act and Item 1122 of Regulation AB, which as of the date hereof require a report by an authorized officer of the Servicer Company that contains the following: (a) A statement by such officer of its responsibility of assessing the Servicing Criteria applicable to the ServicerCompany; (b) A statement by such officer that it used the Servicing Criteria to assess compliance with the Servicing Criteria applicable to the ServicerCompany; (c) A statement by such officer of the ServicerCompany’s compliance with the applicable Servicing Criteria as of the immediately preceding December 31 and for the period covered by the preceding calendar year and disclosure of any material instance of noncompliance with respect thereto; (d) A statement that a registered public accounting firm has issued an attestation report on the ServicerCompany’s compliance with the applicable Servicing Criteria as of the immediately preceding December 31, and for the period covered by the preceding calendar year; and (e) A statement as to which of the Servicing Criteria, if any, are not applicable to the Servicer Company (which statement shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Servicer Company that are backed by the same asset type as the Mortgage Loans).