Common use of Access to Certain Documentation and Information Regarding the Contracts Clause in Contracts

Access to Certain Documentation and Information Regarding the Contracts. The Collateral Custodian shall provide to the Deal Agent access to the Contract Files and all other documentation regarding the Contracts in the Asset Pool and the related Equipment in such cases where the Deal Agent is required in connection with the enforcement of the rights or interests of the Purchasers, or by applicable statutes or regulations to review such documentation, such access being afforded without charge but only (i) upon two business days prior written request, (ii) during normal business hours and (iii) subject to the Servicer's and Collateral Custodian's normal security and confidentiality procedures. Prior to the Closing Date and periodically thereafter at the discretion of the Deal Agent, the Deal Agent may review the Servicer's collection and administration of the Contracts in order to assess compliance by the Servicer with the Servicer's written policies and procedures, as well as with this Agreement and may conduct an audit of the Contracts and Contract Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Resource America Inc), Receivables Purchase Agreement (Fidelity Leasing Inc)

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Access to Certain Documentation and Information Regarding the Contracts. The Collateral Custodian shall provide to the Deal Agent access to the Contract Files and all other documentation regarding the Contracts in the Asset Pool and the related Equipment in such cases where the Deal Agent is required in connection with the enforcement of the rights or interests of the PurchasersSecured Parties, or by applicable statutes or regulations to review such documentation, such access being afforded without charge but only (i) upon two business days prior written request, (ii) during normal business hours and (iii) subject to the Servicer's and Collateral Custodian's normal security and confidentiality procedures. Prior to the Closing Date and periodically thereafter at the discretion of the Deal Agent, the Deal Agent may review the Servicer's collection and administration of the Contracts in order to assess compliance by the Servicer with the Servicer's written policies and procedures, as well as with this Agreement and may conduct an audit of the Contracts and Contract Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

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Access to Certain Documentation and Information Regarding the Contracts. The Collateral Custodian shall provide to the Deal Agent Administrator access to the Contract Files and all other documentation regarding the Contracts in the Asset Pool and the related Equipment in such cases where the Deal Agent Administrator is required in connection with the enforcement of the rights or interests of the PurchasersAdministrator or MSFC, or by applicable statutes or regulations to review such documentation, such access being afforded without charge but only (i) upon two business days Business Days prior written request, (ii) during normal business hours and (iii) subject to the Servicer's and Collateral Custodian's normal security and confidentiality procedures. Prior to the Closing Date and periodically thereafter at the discretion of the Deal AgentAdministrator, the Deal Agent Administrator may review the Servicer's collection and administration of the Contracts in order to assess compliance by the Servicer with the Servicer's written policies Credit and proceduresCollection Policy, as well as with this Agreement the Transaction Documents and may conduct an audit of the Contracts and Contract Files in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

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