Exhibit 33.2





ASSERTION OF COMPLIANCE WITH

APPLICABLE SERVICING CRITERIA



The Bank of New York Mellon (formerly The Bank of New York),
BNY Mellon Trust of Delaware (formerly BNYM (Delaware)) and The Bank of New York Mellon Trust Company, N.A. (formerly The Bank
of New York Trust Company, N.A.), (collectively, the “Company”) provides this platform-level assessment of compliance
with the servicing criteria specified in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission. Management
has determined that the servicing criteria are applicable in regard to the servicing platform as of and for the period as follows:



Platform: Publicly-issued (i.e., transaction-level reporting
initially required under the Securities Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1,
2006 and like-kind transactions issued prior to January 1, 2006 that are subject to Regulation AB for which the Company provides
trustee, securities administration or paying agent services, as defined and to the extent applicable in the transaction agreements,
other than residential mortgage-backed securities and other mortgage-related asset-backed securities (the “Platform”).



Period: Twelve months ended March 31, 2014 (the “Period”).



Applicable Servicing Criteria: All servicing criteria
set forth in Item 1122(d), to the extent required by the related transaction agreements as to any transaction, except as set forth
in the column titled “Not Applicable To Platform” in Appendix 1 attached hereto.



With respect to servicing criterion 1122(d)(2)(vi)
management has engaged a vendor to perform the activities required by the servicing criterion. Management has determined that this
vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and management has elected to take
responsibility for assessing compliance with the servicing criterion applicable to this vendor as permitted by Interpretation 17.06
of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations (“Interpretation 17.06”).
Management has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply
in all material respects with the servicing criterion applicable to the vendor. Management is solely responsible for determining
that it meets the SEC requirements to apply Interpretation 17.06 for the vendor and related criterion.



With respect to the Platform and the Period, the Company provides
the following assessment of compliance in respect of the Applicable Servicing Criteria:













1.   The Company is responsible for assessing its compliance with
the Applicable Servicing Criteria.



2.   The Company has assessed compliance with the Applicable Servicing
Criteria including the servicing criterion for which compliance is determined based on Interpretation 17.06 as described above.
In performing this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d)
of Item 1122 of Regulation AB.



3.   With respect to Applicable Servicing Criteria 1122(d)(2)(iii)
and 1122(d)(4)(vii), there were no activities performed during the Period with respect to the Platform, because there were no occurrences
of events that would require the Company to perform such activities.



4.   Based on such assessment, as of and for the Period, the Company
has complied, in all material respects, with the Applicable Servicing Criteria other than as identified on Schedule A attached.



5.   Schedule B attached includes Management's discussion of the
material instances of noncompliance noted in Schedule A, including remediation efforts taken by the Company.



KPMG LLP, an independent registered public accounting firm,
has issued an attestation report with respect to the Company’s compliance with the Applicable Servicing Criteria as of and
for the Period.



2







|The Bank of New York Mellon |  | BNY Mellon Trust of Delaware
|--------------------------- |  | ----------------------------
|                            |  |                             
|/s/ Richard P. Stanley      |  | /s/ Robert L. Griffin       
|Richard P. Stanley          |  | Robert L. Griffin           
|Authorized Signatory        |  | Authorized Signatory        



|The Bank of New York Mellon Trust
Company, N.A. |  | 
|----------------------------------------------- |  | 
|                                                |  | 
|/s/ Antonio I. Portuondo                        |  | 
|Antonio I. Portuondo                            |  | 
|Authorized Signatory                            |  | 
|                                                |  | 
|Dated:     May 29, 2014                         |  | 



3







Schedule A



Material Instances of Noncompliance by
the Company



Management’s assessment of compliance with the Applicable
Servicing Criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB for the Period,
disclosed that material instances of noncompliance occurred with respect to the servicing criteria set forth in Items 1122(d)(3)(i)(A)
and 1122(d)(3)(ii), as follows:



•	            With respect to servicing criterion 1122(d)(3)(i)(A),
certain reports to investors were not prepared in accordance with the timeframes and other terms set forth in the related transaction
agreements.

•	            With respect to servicing criterion 1122(d)(3)(ii),
certain distributions to investors were not remitted in accordance with the timeframes set forth in the transaction agreements.



4









Schedule B



Management’s Discussion on Material
Instances of Noncompliance by the Company



1122(d)(3)(i): Reports to investors, including those to be
filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports:



(A)	       Are prepared in accordance with timeframes and other
terms set forth in the transaction agreements.



Noncompliance:

During the Period, certain reports to investors were
not prepared in accordance with the timeframes and other terms set forth in the related transaction agreements.



Remediation:

When management became aware of such instances, controls
designed to prevent such occurrences in the future were implemented. Impacted investors received either (i) reports containing
accurate information that were not previously distributed or (ii) revised reports notifying investors that previous information
in reports were revised with corrected information. Reports were delivered to investors and filed on EDGAR on Form 10-D or Form
10-D/A, as required.



1122(d)(3)(ii): Amounts due to investors are allocated and
remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.



Noncompliance:

During the Period, for an auto transaction in the
Platform, certain amounts due to the related investors were not remitted in accordance with the timeframes set forth in the related
transaction agreements.



Remediation:

When management became aware of such instance, the
transaction was properly set-up on the Company’s automated payment system and other controls designed to prevent such occurrences
in the future were implemented. Notice of the failure was made available to investors in the transaction through the facilities
of DTC on August 21, 2013 and on a Form 10-D filed on EDGAR on the same date, and investors were offered compensation for the one
day remittance delay. The investor report was not revised as it accurately reflected the amounts due to investors and available
for payment on the payment due date.





5







Appendix 1



|                |                                                                                                                                                                                                                                                                                                                                                                                  | APPLICABLE
    TO PLATFORM |                        
|--------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------- | -----------------------
|                |                                                                                                                                                                                                                                                                                                                                                                                  |                            | Performed
    by       
|                |                                                                                                                                                                                                                                                                                                                                                                                  |                            | Vendor(s)
    for which
|REG
    AB      |                                                                                                                                                                                                                                                                                                                                                                                  | Performed Directly         | the Company
    is the 
|REFERENCE       | SERVICING
    CRITERIA                                                                                                                                                                                                                                                                                                                                                           | by
    the Company         | Responsible
    Party  
|                | General
    servicing considerations                                                                                                                                                                                                                                                                                                                                             |                            |                        
|1122(d)(1)(i)   | Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.                                                                                                                                                                                                                 | X                          |                        
|1122(d)(1)(ii)  | If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.                                                                                                                                                                     | X                          |                        
|1122(d)(1)(iii) | Any
    requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.                                                                                                                                                                                                                                                            |                            |                        
|1122(d)(1)(iv)  | A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                                                                        |                            |                        
|                | Cash  collection
    and administration                                                                                                                                                                                                                                                                                                                                          |                            |                        
|1122(d)(2)(i)   | Payments
    on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days of receipt, or such other number of days specified in the transaction agreements.                                                                                                                                   | X                          |                        
|1122(d)(2)(ii)  | Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                        | X                          |                        
|1122(d)(2)(iii) | Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.                                                                                                                                                | X                          |                        
|1122(d)(2)(iv)  | The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.                                                                                                                   | X                          |                        
|1122(d)(2)(v)   | Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
    For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial
    institution means a foreign financial institution that meets the requirements of Rule 240.13k-1(b)(1) of this chapter. | X                          |                        













|           |                        | APPLICABLE
    TO PLATFORM |                        
|---------- | ---------------------- | -------------------------- | -----------------------
|           |                        |                            | Performed
    by       
|           |                        |                            | Vendor(s)
    for which
|REG
    AB |                        | Performed Directly         | the Company
    is the 
|REFERENCE  | SERVICING
    CRITERIA | by
    the Company         | Responsible
    Party  

|1122(d)(2)(vi)  | Unissued checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | X | 
|--------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | - | 
|1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations (A)  Are mathematically accurate; (B) Are  prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) Are reviewed and approved by someone other than the person who prepared the reconciliation; and (D) Contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | X |   | 
|                | Investor remittances and reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 
|1122(d)(3)(i)   | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) Are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) Provide information calculated in accordance with the terms specified in the transaction agreements; (C) Are filed with the Commission as required by its rules and regulations; and (D) Agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.                                                        | X |   | 
|1122(d)(3)(ii)  | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | X |   | 
|1122(d)(3)(iii) | Disbursements made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | X |   | 
|1122(d)(3)(iv)  | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | X |   | 
|                | Pool asset administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 
|1122(d)(4)(i)   | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | X |   | 
|1122(d)(4)(ii)  | Pool asset and related documents are safeguarded as required by the transaction agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | X |   | 
|1122(d)(4)(iii) | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | X |   | 













|           |                        | APPLICABLE
    TO PLATFORM |                        
|---------- | ---------------------- | -------------------------- | -----------------------
|           |                        |                            | Performed
    by       
|           |                        |                            | Vendor(s)
    for which
|REG
    AB |                        | Performed Directly         | the Company
    is the 
|REFERENCE  | SERVICING
    CRITERIA | by
    the Company         | Responsible
    Party  

|1122(d)(4)(iv)   | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.                                                                                                                                                              | X |  |  
|---------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - |  | -
|1122(d)(4)(v)    | The servicer’s records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                                            | X |  |  
|1122(d)(4)(vi)   | Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                              |   |  | X
|1122(d)(4)(vii)  | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.                                                                                                                                                                                                                                                                               | X |  |  
|1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).                                                                       |   |  | X
|1122(d)(4)(ix)   | Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                         | X |  |  
|1122(d)(4)(x)    | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) Such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) Interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) Such funds are returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements. |   |  | X











|           |                        | APPLICABLE
    TO PLATFORM |                        
|---------- | ---------------------- | -------------------------- | -----------------------
|           |                        |                            | Performed
    by       
|           |                        |                            | Vendor(s)
    for which
|REG
    AB |                        | Performed Directly         | the Company
    is the 
|REFERENCE  | SERVICING
    CRITERIA | by
    the Company         | Responsible
    Party  

|1122(d)(4)(xi)   | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |   |  | X
|---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - |  | -
|1122(d)(4)(xii)  | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.                                                                                                                                                             |   |  | X
|1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.                                                                                                                                                                                       |   |  | X
|1122(d)(4)(xiv)  | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                |   |  | X
|1122(d)(4)(xv)   | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction agreements.                                                                                                                                                                                                              | X |  |