Common use of System Updates Clause in Contracts

System Updates. Lender agrees that in the course of its Education Loan servicing activities, Servicer may rely on, without independently verifying, all data entries, manipulations and representations provided to Servicer by Lender, 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 Servicer electronically, via the Internet or otherwise, and that Servicer shall have no liability for incorrect information or the consequences thereof, which is provided by Lender, Eligible Institutions, or Borrowers.