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 the Custodian or the Sub-Servicers to) provide to the Securities Insurer, the Depositor, the Swap Counterparty and the holders of the related group of Notes access to the related Financed Student Loan Files in such cases where the Securities Insurer, the Swap Counterparty or the holders of the related group of Notes shall be required by applicable statutes or regulations to review such documentation, as demonstrated by evidence satisfactory to the Master Servicer (the Custodian under the Custodial Agreement, if applicable, and the applicable Sub-Servicer under the related Sub-Servicing Agreement) in its (or their) reasonable judgment. Access shall be afforded without charge, but only upon reasonable request and during the normal business hours at the respective offices of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-Servicer). Nothing in this Section shall affect the obligation of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-Servicer on its behalf) to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-Servicer) to provide access to information as a result of such obligation shall not constitute a breach of this Section.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2002-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2003-A), Sale and Servicing Agreement (Key Bank Usa National Association)

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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 the Custodian or the Sub-Servicers to) provide to the Securities Insurer, the Depositor, the Swap Counterparty Indenture Trustee and the holders Holders of the related group of Notes access to the related Financed Student Loan Files in such cases where the Securities Insurer, the Swap Counterparty or the holders Holders of the related group of Notes shall be required by applicable statutes or regulations to review such documentation, as demonstrated by evidence satisfactory to the Master Servicer (the Custodian under the Custodial Agreement, if applicable, and the applicable Sub-Servicer under the related Sub-Servicing Agreement) in its (or their) reasonable judgment. Access shall be afforded without charge, but only upon reasonable request and during the normal business hours at the respective offices of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-Servicer). Nothing in this Section shall affect the obligation of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-Servicer on its behalf) to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Master Servicer (or the Custodian, if applicable, or the applicable Sub-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: Sale and Servicing Agreement (Keycorp Student Loan Trust 2004-A)

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