Common use of Right of Inspection; Audits Clause in Contracts

Right of Inspection; Audits. The Issuer, the Trustee or any governmental agency having jurisdiction over any of the same shall have the right from time to time during normal business hours to examine and audit any of the Servicer’s records pertaining to any Financed Student Loan being serviced, provided, however, that such activities shall not unreasonably disrupt the Servicer’s normal business operation. The Servicer agrees that it shall permit, not more than once per year, the Issuer, the Trustee or its designee to conduct or have conducted a procedural audit regarding the Servicer’s compliance with the requirements of the Higher Education Act or the terms of this Master Servicing Agreement. Such audits shall be at the expense of the Issuer.

Right of Inspection; Audits. The Issuer, the Trustee or any governmental agency having jurisdiction over any of the same shall have the right from time to time during normal business hours to examine and audit any of the Servicer’s 's records pertaining to any Financed Student Loan being serviced, provided, however, that such activities shall not unreasonably disrupt the Servicer’s 's normal business operation. The Servicer agrees that it shall permit, not more than once per year, the Issuer, the Trustee or its designee to conduct or have conducted a procedural audit regarding the Servicer’s 's compliance with the requirements of the Higher Education Act or the terms of this Master Servicing Agreement. Such audits shall be at the expense of the Issuer.

Right of Inspection; Audits. The Issuer, the Trustee or any governmental agency having jurisdiction over any of the same shall have the right from time to time during normal business hours to examine and audit any of the ServicerServicing Administrator’s records pertaining to any Financed Student Loan being serviced, provided, however, that such activities shall not unreasonably disrupt the ServicerServicing Administrator’s normal business operation. The Servicer Servicing Administrator agrees that it shall permit, not more than once per year, the Issuer, the Trustee or its designee to conduct or have conducted a procedural audit regarding the ServicerServicing Administrator’s compliance with the requirements of the Higher Education Act or the terms of this Master Servicing Administration Agreement. Such audits shall be at the expense of the Issuer.