Common use of SYSTEM UPDATES Clause in Contracts

SYSTEM UPDATES. The Master Servicer agrees that in the course of its Education Loan servicing activities, the Subservicer may rely on, without independently verifying, all data entries, manipulations and representations provided to the Subservicer by the Master Servicer, the Trust, NSLF, eligible institutions and borrowers with respect to the Education Loans, including but not limited to, eligible institutions/borrower certification, eligibility, enrollment, and eligible institution or borrower demographics, including data entries provided to Subservicer electronically, via the internet or otherwise, and that the Subservicer shall have no liability for incorrect information or the consequences thereof, which is provided by the Master Servicer, the Trust, NSLF, eligible institutions or borrowers.