Common use of Maintenance of Files Clause in Contracts

Maintenance of Files. The Servicer shall, for not less than three (3) years or for such longer period as may be required by law, from the date on which any Receivable is paid in full, maintain the Records with respect to each Receivable and, if applicable, its related Equipment, including records of all payments received, credits granted and property returned. The Servicer will permit representatives of the Issuer or its designee at any reasonable time during normal business hours, and at such times outside of normal business hours as the Issuer shall reasonably request, (i) to inspect and make copies of, and abstracts from, such Records, (ii) to visit the properties of the Servicer utilized in connection with the collection, processing, management or servicing of the Receivables for the purpose of examining such Records, and (iii) to discuss matters relating to the Receivable Assets or the Servicer’s performance under this Agreement with any officer, employee or accountants of the Servicer having knowledge of such matters. In connection therewith, the Issuer shall institute procedures to permit it to confirm the Loan Value or Lease Value, as applicable, in respect of any Receivable and, if applicable, its related Equipment; provided that no one other than the Servicer or any Sub-Servicer or Person to whom the Servicer has delegated duties in accordance with the terms of this Agreement, subject to any other arrangements made by the Issuer or its respective designee, will contact an Obligor unless a Servicer Default has occurred. The Servicer agrees to render to the Issuer such clerical and other assistance as may be reasonably requested with regard to the foregoing.

Maintenance of Files. The Servicer shall, for not less than three (3) years or for such longer period as may be required by law, from the date on which any Receivable is paid in full, maintain the Records with respect to each Receivable and, if applicable, its related Equipment, including records of all payments received, credits granted and property returned. The Servicer will permit representatives of the Issuer or its designee at any reasonable time during normal business hours, and at such times outside of normal business hours as the Issuer shall reasonably request, (i) to inspect and make copies of, of and abstracts from, from such Records, (ii) to visit the properties of the Servicer utilized in connection with the collection, processing, management or servicing of the Receivables for the purpose of examining such Records, and (iii) to discuss matters relating to the Receivable Purchaser Assets or the Servicer’s performance under this Agreement with any officer, employee or accountants of the Servicer having knowledge of such matters. In connection therewith, the Issuer shall institute procedures to permit it to confirm the Loan Value or Lease Value, as applicable, in respect of any Receivable and, if applicable, its related Equipment; provided that no one other than the Servicer or any Sub-Servicer or Person to whom the Servicer has delegated duties in accordance with the terms of this Agreement, subject to any other arrangements made by the Issuer or its respective designee, will contact an Obligor unless a Servicer Default has occurred. The Servicer agrees to render to the Issuer such clerical and other assistance as may be reasonably requested with regard to the foregoing.