Common use of Locate and Access Clause in Contracts

Locate and Access. (a) The Custodian shall ensure that at all times it shall be able to locate each Security Packet by way of a periodic Security Packet Audit. (b) Unless the Servicer requires a Relevant Document to perform its duties as the Servicer in relation to the related Receivable in the manner permitted by the Servicing Agreement, or otherwise comply with its obligations under the Transaction Documents, each Relevant Document shall be kept within a Security Vault. (c) Other than the Servicer requiring a Relevant Document under clause 3.2(b), or for an audit by the Servicer's or the Custodian's internal or external auditor, or by the auditor under clause 3.3 of this Agreement, a Relevant Document may only be removed from a Security Vault with the Trustee's written approval and for the following purposes: (i) inspection by the Trustee; or (ii) such other purpose approved in writing by the Trustee.