Common use of Integration of Computer Systems Clause in Contracts

Integration of Computer Systems. (i) The Servicer acknowledges that efficient and timely reporting and exchange of information regarding the Tax Liens among the Servicer, the Co-Servicer, the Bank, the Program Manager and the City are critical to the efficient servicing and management of the Tax Liens by the Servicer and the Co-Servicer. Accordingly, the Servicer shall, if requested and at the Servicer’s expense, have its computer technicians consult with those of the Program Manager, the City, the Co-Servicer and the Collateral Agent and Custodian to facilitate the Servicer’s efficient exchange of servicing data in electronic format with the Program Manager, the City, the Servicer, the Co-Servicer and the Bank. If requested, the Servicer shall provide access to the servicing data maintained for the Tax Liens (including the information used to compile the servicer reports) in a format reasonably acceptable to the receiving party. The Servicer will perform such other functions as may be reasonably necessary or desirable from time to time hereunder to perform the servicing obligations hereunder in a timely and efficient manner. In no event will the Servicer be required to replace or substantially alter its existing computer system or incur any expenses relating to the alteration of the computer systems of the City, the Co-Servicer or the Bank. (ii) The Servicer shall, at its expense, also develop, in consultation with the City, an accounting system for the City which will coordinate all accounting and other information developed by the Servicer regarding the Tax Liens and the City’s activities in connection therewith, including without limitation, all information relating to or necessary for (A) the monitoring of servicing activities, (B) the preparation of servicing reports and tax reports, (C) the calculation and monitoring of servicing fees, trial balances and cash flow, and (D) the overall management of the Tax Liens. (iii) The Servicer represents and warrants that it has an existing “disaster recovery” feature in place with respect to its computer system which is designed to recover all computer stored information relating to the Tax Liens in the event of a power outage or other disruptive event, and agrees that it shall maintain such feature throughout the term of this Servicing Agreement.

Integration of Computer Systems. (i) The Servicer acknowledges that efficient and timely reporting and exchange of information regarding the Tax Liens among the Servicer, the Co-Servicer, the BankIndenture Trustee, the Program Manager and the City are critical to the efficient servicing and management of the Tax Liens by the Servicer and the Co-Servicer. Accordingly, the Servicer shall, if requested and at the Servicer’s expense, have its computer technicians consult with those of the Program Manager, the City, the Co-Servicer and the Collateral Agent and Custodian Indenture Trustee to facilitate the Servicer’s efficient exchange of servicing data in electronic format with the Program Manager, the City, the Servicer, the Co-Servicer and the BankIndenture Trustee. If requested, the Servicer shall provide access to the servicing data maintained for the Tax Liens (including the information used to compile the servicer reports) in a format reasonably acceptable to the receiving party. The Servicer will perform such other functions as may be reasonably necessary or desirable from time to time hereunder to perform the servicing obligations hereunder in a timely and efficient manner. In no event will the Servicer be required to replace or substantially alter its existing computer system or incur any expenses relating to the alteration of the computer systems of the City, the Co-Co- Servicer or the BankIndenture Trustee. (ii) The Servicer shall, at its expense, also develop, in consultation with the City, an accounting system for the City which will coordinate all accounting and other information developed by the Servicer regarding the Tax Liens and the City’s activities in connection therewith, including without limitation, all information relating to or necessary for (A) the monitoring of servicing activities, (B) the preparation of servicing reports and tax reports, (C) the calculation and monitoring of servicing fees, trial balances and cash flow, and (D) the overall management of the Tax Liens. (iii) The Servicer represents and warrants that it has an existing “disaster recovery” feature in place with respect to its computer system which is designed to recover all computer stored information relating to the Tax Liens in the event of a power outage or other disruptive event, and agrees that it shall maintain such feature throughout the term of this Servicing Agreement.