Common use of Financial Information and Audit Clause in Contracts

Financial Information and Audit. Financial Institution may from time to time request information from Member Client in order to evaluate a continuation of the Service to be provided by Financial Institution hereunder and/or adjustment of any limits set by the Financial Institution. Member Client agrees to provide or make available the requested financial information immediately upon request by Financial Institution, in the form required by Financial Institution. Member Client authorizes Financial Institution to investigate or reinvestigate at any time any information provided by Member Client in connection with this Agreement or the Service. Upon request by Financial Institution, Member Client hereby authorizes Financial Institution to enter Member Client’s business premises for the purpose of ensuring that Member Client is in compliance with this Agreement and Member Client specifically authorizes Financial Institution to perform an audit of Member Client’s operational controls, risk management practices, staffing and the need for training and ongoing support, and information technology infrastructure. Member Client hereby acknowledges and agrees that Financial Institution shall have the right to mandate specific internal controls at Member Client’s location(s) and Member Client shall comply with any such mandate. In addition, Member Client hereby agrees to allow Financial Institution to review available reports of independent audits performed at the Member Client location related to information technology, the Service and any associated operational processes. Member Client agrees that if requested by Financial Institution, Member

Financial Information and Audit. Financial Institution may from time to time request information from Member Client in order to evaluate a continuation of the Service to be provided by Financial Institution hereunder and/or adjustment of any limits set by the Financial Institution. Member Client agrees to provide or make available the requested financial information immediately upon request by Financial Institution, in the form required by Financial Institution. Member Client authorizes Financial Institution to investigate or reinvestigate at any time any information provided by Member Client in connection with this Agreement or the Service. Upon request by Financial Institution, Member Client hereby authorizes Financial Institution to enter Member Client’s business premises for the purpose of ensuring that Member Client is in compliance with this Agreement and Member Client specifically authorizes Financial Institution to perform an audit of Member Client’s operational controls, risk management practices, staffing and the need for training and ongoing support, and information technology infrastructure. Member Client hereby acknowledges and agrees that Financial Institution shall have the right to mandate specific internal controls at Member Client’s location(s) and Member Client shall comply with any such mandate. In addition, Member Client hereby agrees to allow Financial Institution to review available reports of independent audits performed at the Member Client location related to information technology, the Service and any associated operational processes. Member Client agrees that if requested by Financial Institution, Memberof