Common use of Access to Certain Documentation and Information Regarding Financed Student Loans Clause in Contracts

Access to Certain Documentation and Information Regarding Financed Student Loans. Upon reasonable prior notice, the Master Servicer shall, or shall cause each Servicer to, provide access to the Financed Student Loan Files and the related accounts, records and computer systems maintained by the Master Servicer or such Servicer, as the case may be, to (i) the Eligible Lender Trustee and (ii) the Indenture Trustee and their respective duly authorized representatives, attorneys or auditors; provided, however, that, except as otherwise agreed to by the Master Servicer or required by law, (A) such Persons shall maintain the confidentiality of the information in such Financed Student Loan Files and the related accounts, records and computer systems and not use any of such information for any purpose except in connection with performing their obligations as Eligible Lender Trustee or Indenture Trustee, and (B) access to the computer systems shall be limited to obtaining, and only to the extent necessary to obtain, information relating to the Financed Student Loans for purposes of performing their obligations as Eligible Lender Trustee or Indenture Trustee. Access shall be afforded without charge (except that the reasonable cost of photocopying shall be borne by the party requesting copies), but only upon reasonable request and during the normal business hours at the respective offices of the applicable Servicer. Nothing in this Section shall affect the obligation of the Master Servicer (or a Servicer) to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Master Servicer to provide (or cause each Servicer to provide) access to information as a result of such obligation shall not constitute a breach of this Section.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va)

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Access to Certain Documentation and Information Regarding Financed Student Loans. Upon reasonable prior notice, the Master Servicer shall, or shall cause each Servicer to, provide access to the Related Financed Student Loan Files and the related accounts, records and computer systems maintained by the Master Servicer or such Servicer, as the case may be, to (i) the Eligible Lender Trustee and (ii) the Indenture Trustee and their respective duly authorized representatives, attorneys or auditors; provided, however, that, except as otherwise set forth in Section 10.18 of the Master Indenture, agreed to by the Master Servicer or required by law, (A) such Persons shall maintain the confidentiality of the information in such Financed Student Loan Files and the related accounts, records and computer systems and not use any of such information for any purpose except in connection with performing their obligations as Eligible Lender Trustee or Indenture Trustee, and (B) access to the computer systems shall be limited to obtaining, and only to the extent necessary to obtain, information relating to the Financed Student Loans for purposes of performing their obligations as Eligible Lender Trustee or Indenture Trustee. Access shall be afforded without charge (except that the reasonable cost of photocopying shall be borne by the party requesting copies), but only upon reasonable request and during the normal business hours at the respective offices of the applicable Servicer. Nothing in this Section shall affect the obligation of the Master Servicer (or a Servicer) to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Master Servicer to provide (or cause each Servicer to provide) access to information as a result of such obligation shall not constitute a breach of this Section.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Crestar Securitization LLC)

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Access to Certain Documentation and Information Regarding Financed Student Loans. Upon reasonable prior notice, the Master Servicer shall, or shall cause each Servicer to, provide access to the Financed Student Loan Files and the related accounts, records and computer systems maintained by the Master Servicer or such Servicer, as the case may be, to (i) the Eligible Lender Trustee and (ii) the Indenture Trustee and their respective duly authorized representatives, attorneys or auditors; provided, however, that, except as otherwise set forth in Section 11.18 of the Indenture, agreed to by the Master Servicer or required by law, (A) such Persons shall maintain the confidentiality of the information in such Financed Student Loan Files and the related accounts, records and computer systems and not use any of such information for any purpose except in connection with performing their obligations as Eligible Lender Trustee or Indenture Trustee, and (B) access to the computer systems shall be limited to obtaining, and only to the extent necessary to obtain, information relating to the Financed Student Loans for purposes of performing their obligations as Eligible Lender Trustee or Indenture Trustee. Access shall be afforded without charge (except that the reasonable cost of photocopying shall be borne by the party requesting copies), but only upon reasonable request and during the normal business hours at the respective offices of the applicable Servicer. Nothing in this Section shall affect the obligation of the Master Servicer (or a Servicer) to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Master Servicer to provide (or cause each Servicer to provide) access to information as a result of such obligation shall not constitute a breach of this Section.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Crestar Bank /Va)

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