Common use of Governmental Inquiries Clause in Contracts

Governmental Inquiries. The Parties shall cooperate in good faith with each other in responding to any inquiries from any of the Parties’ regulators or examiners regarding the origination or servicing of the Mortgage Loans (including providing copies of audits, documents and other information requested by any regulator or examiner); provided that, if (i) prohibited by Applicable Requirements from providing any such requested information or (ii) the underlying contract prohibits disclosure of the requested information, the applicable Party shall give the other Party prompt notice thereof and shall cooperate with such Party in responding to the applicable regulator or examiner’s request and/or in seeking exemption from such prohibition. The cooperating Party shall be reimbursed by the requesting Party for any reasonable out of pocket costs or expenses incurred in connection with the foregoing.

Governmental Inquiries. The Parties Each Party shall cooperate in good faith with each the other Party in responding to any inquiries or requests from any of the Parties’ other Party’s regulators or examiners regarding the origination or prior servicing of the Mortgage Loans (including providing copies of audits, documents and other information requested by any regulator or examiner); provided that, if (i) prohibited by Applicable Requirements from providing any such requested information or (ii) the underlying contract prohibits disclosure of the requested information, the applicable such Party shall give the other Party prompt notice thereof and shall cooperate with such the other Party in responding to the applicable regulator or examiner’s request and/or in seeking exemption from such prohibition. The cooperating Each Party shall be reimbursed by the requesting other Party for any reasonable out of out-of-pocket costs or expenses incurred in connection with the foregoing.