Common use of Inspection and Audit Rights Clause in Contracts

Inspection and Audit Rights. The Servicer agrees that on 15 days’ prior notice, it will permit any representative of the Depositor or the Trustee during such Person’s normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-E), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-C), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-A)

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Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Trustee or the Trustee Certificate Insurer during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee Certificate Insurer and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee Certificate Insurer of any right under this Section 10.09 11.09 shall be borne by the Servicerparty requesting such inspection, subject to such party's right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 9.05 hereof or in the case of the Certificate Insurer, solely if a Rating Event exists or at any time the Certificate Insurer has not be fully reimbursed for amounts paid pursuant to the Class II-A Policy, as provided in the Insurance Agreement).

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Fr2), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Fr3), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-He9)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Certificate Insurers or the Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Certificate Insurers or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 10.05 hereof).

Appears in 3 contracts

Samples: Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac5), Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac6), Distribution Instructions (Bear Stearns Asset Backed Securities I Trust 2005-Ac5)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Insurer or the Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 10.05 hereof).

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac1)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, which shall not be less than [ ] Business Days prior written notice, it will permit any representative of the Depositor or the Trustee during such Personthe Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp), Pooling and Servicing Agreement (Hsi Asset Securitization Corp)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Unaffiliated Seller, the Certificate Insurer or the Trustee during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, party conducting the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee inspection and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable customary out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master ServicerUnaffiliated Seller, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital 1 Inc CDC Mort Cap Trust 2004-He1)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Class A-5 Insurer or the Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee Class A-5 Insurer and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 10.05 hereof).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac9)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Unaffiliated Seller, the Certificate Insurer or the Trustee during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, party conducting the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee inspection and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master ServicerUnaffiliated Seller, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mort Cap Tr 2003 He4)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Trustee or the Trustee Certificate Insurer during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee Certificate Insurer and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee Certificate Insurer of any right under this Section 10.09 11.09 shall be borne by the Servicerparty requesting such inspection, subject to such party's right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 9.05 hereof or in the case of the Certificate Insurer, solely if a Rating Event exists, as provided in the Insurance Agreement).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asst Asset Backed Certs Ser 2003 He1)

Inspection and Audit Rights. The Servicer agrees that on 15 days' prior notice, it will permit any representative of the Depositor or the Trustee during such Person’s 's normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)

Inspection and Audit Rights. The Interim Servicer agrees that and the Servicer agree that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor or the Trustee during such Personthe Applicable Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Applicable Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Applicable Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 15.12 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 9.05 hereof).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2007-He1)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Insurer or the Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or Insurer and the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 10.05 hereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SACO I Trust 2006-2)

Inspection and Audit Rights. The Servicer agrees that on 15 days’ prior notice, it will permit any representative of the Depositor or the Trustee during such Person’s normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.. Fremont 2006-D Pooling & Servicing Agreement 202

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-D)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit and will cause each Subservicer to permit any representative of the Depositor Depositor, the Seller or the Trustee during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Seller or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Seller or the Trustee of any right under this Section 10.09 shall be borne by the Servicerparty requesting such inspection; all other such expenses shall be borne by the Servicer or the related Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Home Loan CHL Mort Pas THR Trust 2001 Hyb1)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ 5 Business Days prior notice, it will permit any representative of the Depositor Depositor, the Master Servicer, the Certificate Insurer or the Trustee during such Person’s 's normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Certificate Insurer or the Trustee during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the party requesting such inspection; all other such expenses shall be borne by the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Asset Back Cert Ser 2000-1)

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Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Unaffiliated Seller, the Certificate Insurer or the Trustee during such Personthe Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, party conducting the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee inspection and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable customary out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master ServicerUnaffiliated Seller, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mor Cap Tr 2004-He2)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit and will cause each Subservicer to permit any representative of the Depositor Depositor, the Seller or the Trustee during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Seller or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Seller or the Trustee of any right under this Section 10.09 shall be borne by the Servicerparty requesting such inspection; all other such expenses shall be borne by the Master Servicer or the related Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CWMBS Inc)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Certificate Administrator or the Trustee during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Certificate Administrator or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees employees, agents, counsel and independent public accountants (and by this provision the Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Certificate Administrator or the Trustee of any right under this Section 10.09 shall be borne by the party requesting such inspection; all other such expenses shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2005-Wmc1)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit and will cause each Subservicer to permit any representative of the Depositor or Depositor, the Trustee or AGC during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee AGC and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Trustee or the Trustee AGC of any right under this Section 10.09 11.9 shall be borne by the Servicerparty requesting such inspection; all other such expenses shall be borne by the Master Servicer or the related Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Issuer, the Securities Administrator or the Indenture Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Issuer or the Indenture Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the DepositorIssuer, the Master Servicer, the Swap Administrator, the Trust Securities Administrator or the Indenture Trustee of any right under this Section 10.09 8.07 shall be borne by the party requesting such inspection; all other such expenses shall be borne by the Master Servicer.

Appears in 1 contract

Samples: Servicing Agreement (Encore Credit Receivables Trust 2005-3)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit and will cause each Subservicer to permit any representative of the Depositor Depositor, the Trustee or the Trustee Trust Administrator during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, Trustee or the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, Depositor or the Trust Administrator or the Trustee of any right under this Section 10.09 shall be borne by the Servicerparty requesting such inspection; all other such expenses shall be borne by the Servicer or the related Subservicer. The Trust Administrator shall reimburse the Trustee for any out-of-pocket expense incident to the exercise by the Trustee of any right under this Section 10.09.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2001-1)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Class I-A Insurer or the Trustee during such Personthe Master Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator or Class I-A Insurer and the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 12.09 shall be borne by the Servicerparty requesting such inspection, subject to such party’s right to reimbursement hereunder (in the case of the Trustee, pursuant to Section 10.05 hereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SACO I Trust 2005-10)

Inspection and Audit Rights. The Master Servicer agrees that and Servicer each agree that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor or the Trustee during such Person’s the Master Servicer's or Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer or Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees employees, agents, counsel and independent public accountants (and by this provision the Master Servicer or Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Depositor or the Trustee of any right under this Section 10.09 shall be borne by the party requesting such inspection (except in the case of the Trustee in which case such expenses shall be borne by the requesting Certificateholder(s)); all other such expenses shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Asst Back Certs Ser 2003-5sl)

Inspection and Audit Rights. The Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Unaffiliated Seller, the Certificate Insurer or the Trustee during such Person’s the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, party conducting the Master Servicer, the Swap Administrator, the Trust Administrator or the Trustee inspection and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, 131 finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master ServicerUnaffiliated Seller, the Swap Administrator, the Trust Administrator Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mor Cap Tr 2003-He3)

Inspection and Audit Rights. The Master Servicer agrees that that, on 15 days’ reasonable prior notice, it will permit any representative of the Depositor Depositor, the Class A-6 Insurer or the Trustee during such Person’s the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Class A-6 Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Master Servicer, the Swap Administrator, the Trust Administrator Class A-6 Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicerparty requesting such inspection; all other such expenses shall be borne by the Master Servicer or the Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac RAST 2005-A14)

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