Common use of MAINTENANCE OF RECORDS; INSPECTION OF ASSET FILES Clause in Contracts

MAINTENANCE OF RECORDS; INSPECTION OF ASSET FILES. (a) The Master Servicer shall retain all data relating directly to or maintained in connection with the servicing of the Assets for any Series at the address of the Master Servicer set forth in Section 11.04 hereof or at such other place where the servicing offices of the Master Servicer are located. The Master Servicer shall permit the Trustee or any authorized agent of the Trustee reasonable access, upon prior written notice to the Master Servicer, during the Master Servicer's normal business hours, to the Asset Files, the Master Servicer Mortgage Loan Files, and the Master Servicer's other records, if any, relating to the Assets for any related Series. Any such examination of such files or records will be conducted in a manner that does not unreasonably interfere with the Master Servicer's normal operations or customer or employee relations. Without otherwise limiting the scope of the examination the Trustee may make, the Trustee or its authorized agents, using generally accepted audit procedures, may in their discretion verify the status of each Asset and review the records relating thereto for conformity to Remittance Reports prepared pursuant to Article IV hereof and compliance with the standards represented to exist as to each Asset in the Pooling and Servicing Agreement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Home Equity Corp)

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MAINTENANCE OF RECORDS; INSPECTION OF ASSET FILES. (a) The Master Servicer shall retain all data relating directly to or maintained in connection with the servicing of the Assets for any Series at the address of the Master Servicer set forth in Section 11.04 hereof or at such other place where the servicing offices of the Master Servicer are located. The Master Servicer shall permit the Trustee or any authorized agent of the Trustee reasonable access, upon prior written notice to the Master Servicer, during the Master Servicer's ’s normal business hours, to the Asset Files, the Master Servicer Mortgage Loan Files, and the Master Servicer's ’s other records, if any, relating to the Assets for any related Series. Any such examination of such files or records will be conducted in a manner that does not unreasonably interfere with the Master Servicer's ’s normal operations or customer or employee relations. Without otherwise limiting the scope of the examination the Trustee may make, the Trustee or its authorized agents, using generally accepted audit procedures, may in their discretion verify the status of each Asset and review the records relating thereto for conformity to Remittance Reports prepared pursuant to Article IV hereof and compliance with the standards represented to exist as to each Asset in the Pooling and Servicing Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Resources Inc)

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