Common use of Owner's Right to Examine Servicer Records, etc Clause in Contracts

Owner's Right to Examine Servicer Records, etc. (a) Subject to any applicable standards of Section 5.8, the Owner shall have the right, at the Owner's expense, except for immaterial items in the ordinary course of business, to (i) examine and audit the Servicer's books of account, records, reports and other papers relating to (x) the performance by the Servicer of its obligations and duties under this Agreement or (y) the Mortgage Loans, (ii) make copies and extracts therefrom, and (iii) discuss the affairs, finances, and accounts of the Servicer relating to such performance with its officers and employees, all at such reasonable times and places and as often as may be reasonably requested. (b) Subject to any applicable standards of Section 5.8, the Servicer shall provide to the Owner and any supervisory agents or examiners representing a state or federal governmental agency having jurisdiction over the Owner, including without limitation the Office of the Comptroller of the Currency and other comparable regulatory authorities supervising the Owner, access to any documentation regarding the Mortgage Loans in the possession of the Servicer which may be required by any applicable regulations. Such access shall be afforded without charge, upon reasonable request, during normal business hours, at the offices of the Servicer and in accordance with any applicable regulations.

Owner's Right to Examine Servicer Records, etc. (a) Subject to any applicable standards of Section 5.8, the Owner shall have the right, at the Owner's its expense, except for immaterial items in the ordinary course of business, to (i) examine and audit the Servicer's books of account, records, reports and other papers relating to (x) the performance by the Servicer of its obligations and duties under this Agreement Agreement, or (y) the Mortgage Loans, (ii) make copies and extracts therefrom, therefrom and (iii) discuss the affairs, finances, and accounts of the Servicer relating to such performance with its the Servicer's officers and employees, all at such reasonable times and places places, and as often with such frequency, as may be reasonably requested. (b) Subject to any applicable standards of Section 5.8, the Servicer shall provide to the Owner and any supervisory agents or examiners representing a state or federal governmental agency having jurisdiction over the Owner, including without limitation the Office of OTS, the Comptroller of the Currency FDIC and other comparable regulatory authorities supervising the Ownersimilar entities, access to any documentation regarding the Mortgage Loans in the possession of the Servicer which may be that is required by any applicable regulations. Such access shall be afforded without charge, upon reasonable request, during normal business hours, at the offices of the Servicer and in accordance with any applicable regulations.