Common use of Financial Statements; Servicing Facilities Clause in Contracts

Financial Statements; Servicing Facilities. In connection with disposition of Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements of the Servicer for the most recently completed two (2) fiscal years for which such statements are available, as well as a Consolidated Statement of Condition at the end of the last two (2) fiscal years covered by any Consolidated Statement of Operations. If it has not already done so, the Servicer shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements specified above; provided, however, that prior to furnishing such statements or information to any prospective purchaser, the Servicer may require such prospective purchaser to execute a confidentiality agreement in form reasonably satisfactory to it. The Servicer shall make available to the Purchaser or any prospective Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions with respect to recent developments affecting the Servicer or the financial statements of the Servicer, and to permit any prospective purchaser to inspect the Servicer's servicing facilities for the purpose of satisfying such prospective purchaser that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Financial Statements; Servicing Facilities. In connection with disposition of Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements of the Servicer Seller for the most recently completed two (2) fiscal years for which such statements are available, as well as a Consolidated Statement of Condition at the end of the last two (2) fiscal years covered by any Consolidated Statement of Operations. If it has not already done so, the Servicer Seller shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements specified above; provided, however, that prior to furnishing such statements or information to any prospective purchaser, the Servicer Seller may require such prospective purchaser to execute a confidentiality agreement in form reasonably satisfactory to it. The Servicer Seller shall make available to the Purchaser or any prospective Purchaser purchaser a knowledgeable financial or accounting officer for the purpose of answering questions with respect to recent developments affecting the Servicer Seller or the financial statements of the ServicerSeller, and to permit any prospective purchaser to inspect the ServicerSeller's servicing facilities for the purpose of satisfying such prospective purchaser that the Servicer Seller has the ability to service the Mortgage Loans as provided in this Agreement.