Use of Hardware and Software. In the event that Purchaser shall be performing MLCC Services on behalf of Seller and any third party utilizing common hardware and/or Software, Seller shall have the right, on reasonable notice to Purchaser and at Seller's sole cost and expense, to audit such hardware and Software to ensure segregation of MLCC Data from third party data adequate to prevent unauthorized disclosure of MLCC Data to third parties, and to ensure the security of MLCC Data in accordance with normal industry practices, provided that such audit shall not disrupt Purchaser's ability to perform the MLCC Services.
Appears in 4 contracts
Samples: Amendment Agreement (Merrill Lynch Mort Invest Inc MLCC 2003-B Mort Ps THR Cert), Amendment Agreement (Merrill Lynch Mortgage Investors Inc), Amendment Agreement (Merrill Lynch Mortgage Investors Inc)
Use of Hardware and Software. In the event that Purchaser shall be performing MLCC Services on behalf of Seller and any third party utilizing common hardware and/or Software, Seller shall have the right, on reasonable notice to Purchaser and at Seller's ’s sole cost and expense, to audit such hardware and Software to ensure segregation of MLCC Data from third party data adequate to prevent unauthorized disclosure of MLCC Data to third parties, and to ensure the security of MLCC Data in accordance with normal industry practices, provided that such audit shall not disrupt Purchaser's ’s ability to perform the MLCC Services.
Appears in 2 contracts
Samples: Portfolio Servicing Agreement (PHH Corp), Servicing Rights Purchase and Sale Agreement (PHH Corp)
