Common use of Rights of the Company in Respect of the Certificate Administrator Clause in Contracts

Rights of the Company in Respect of the Certificate Administrator. The Certificate Administrator shall afford the Company, upon reasonable notice, during normal business hours access to all records maintained by the Certificate Administrator in respect of its rights and obligations hereunder and access to officers of the Certificate Administrator responsible for such obligations. Upon request, the Certificate Administrator shall furnish the Company with its most recent financial statements and such other information as the Certificate Administrator possesses regarding its business, affairs, property and condition, financial or otherwise. The Certificate Administrator shall also cooperate with all reasonable requests for information including, but not limited to, notices and copies of files, regarding itself, the Underlying Agency Securities or the Certificates from any Person or Persons identified by the Company or the Certificate Administrator. The Company may, but is not obligated to, enforce the obligations of the Certificate Administrator hereunder and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Certificate Administrator hereunder or exercise the rights of the Certificate Administrator hereunder; provided that the Certificate Administrator shall not be relieved of any of its obligations hereunder by virtue of such performance by the Company or its designee. The Company shall not have any responsibility or liability for any action or failure to act by the Certificate Administrator and is not obligated to supervise the performance of the Certificate Administrator under this Agreement or otherwise.