Common use of Review of Records Clause in Contracts

Review of Records. Each of the Collateral Agent and the Administrative Agent agree that, with reasonable advance notice, it will permit authorized representatives of the Borrowers, the Servicer or the Collateral Agent Administrator, during the Collateral Agent’s or the Administrative Agent’s normal business hours, to have access to and review the books of account, records, reports and other documents and materials of the Collateral Agent or the Administrative Agent relating directly and solely to (a) the performance of the obligations of the Collateral Agent or the Administrative Agent under this Agreement, (b) the payments of fees and expenses of the Collateral Agent or the Administrative Agent for its performance and (c) any claim made by the Collateral Agent or the Administrative Agent under this Agreement. In addition, the Collateral Agent or the Administrative Agent will permit those representatives to make copies and extracts of the books and records and to discuss the same with the Collateral Agent’s or the Administrative Agent’s officers and employees. Any access and review will be subject to the Collateral Agent’s and the Administrative Agent’s confidentiality and privacy policies. The Collateral Agent and the Administrative Agent will maintain all books, records, reports and other documents and materials for a period of two years after the termination of its obligations under this Agreement.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-A)

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Review of Records. Each of the Collateral Agent and the Administrative Agent agree that, with reasonable advance notice, it will permit authorized representatives of the Borrowers, the Servicer or the Collateral Agent Administrator, during the Collateral Agent’s 's or the Administrative Agent’s 's normal business hours, to have access to and review the books of account, records, reports and other documents and materials of the Collateral Agent or the Administrative Agent relating directly and solely to (a) the performance of the obligations of the Collateral Agent or the Administrative Agent under this Agreement, (b) the payments of fees and expenses of the Collateral Agent or the Administrative Agent for its performance and (c) any claim made by the Collateral Agent or the Administrative Agent under this Agreement. In addition, the Collateral Agent or the Administrative Agent will permit those representatives to make copies and extracts of the books and records and to discuss the same with the Collateral Agent’s 's or the Administrative Agent’s 's officers and employees. Any access and review will be subject to the Collateral Agent’s 's and the Administrative Agent’s 's confidentiality and privacy policies. The Collateral Agent and the Administrative Agent will maintain all books, records, reports and other documents and materials for a period of two years after the termination of its obligations under this Agreement.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

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