Servicer Inspections Sample Clauses

Servicer Inspections. The Servicer hereby agrees that, notwithstanding anything to the contrary set forth in any Transaction Document, it shall promptly permit, and bear the expense of, one inspection per calendar year (or, if a Servicer Default, Pay Out Event or Enhanced Back-Up Servicing Trigger has occurred, two inspections per calendar year) of the Servicer’s operations and systems directly or indirectly used in connection with the performance of its duties as the Servicer and relating to the servicing or collection of Receivables (including, without limitation, prompt access to the Servicer’s and any sub-servicer’s premises, the Receivables, the Records and the Receivable Files) (each such inspection, a “Servicer Inspection”), to be performed by the Back-Up Servicer (or any of its duly authorized representatives, attorneys, consultants or auditors). The Servicer agrees to promptly provide the Back-Up Servicer reasonable access to the Servicer’s premises and management upon reasonable notice during normal business hours, for the purpose and effect of facilitating the Back-Up Servicer’s ability to arrange or conduct any Servicer Inspection.