Common use of Third Party Audit Clause in Contracts

Third Party Audit. ELSC shall provide the Master Servicer within one hundred eighty days (180) days of the end of ELSC’s accounting period, a copy of its annual servicer compliance audit report required by federal regulations, or if a federal audit requirement is not in effect at the time, an equivalent compliance audit report performed by an independent third party.

Third Party Audit. ELSC shall provide the Master Servicer within one hundred eighty twenty days (180120) days of the end of ELSC’s accounting period, a copy of its annual servicer compliance audit report required by federal regulations, or if a federal audit requirement is not in effect at the time, an equivalent compliance audit report performed by an independent third party.