PHEAA System definition
Examples of PHEAA System in a sentence
Servicer shall at all times maintain the security of user access to the PHEAA System in conformity with the security provisions of the System Access Schedule, which shall include, without limitation, Servicer’s review of the individual user access rights of Servicer employees and other users no less frequently than every six months.
Servicer shall, upon the agreement of each Lender Participant, provide FMC as Program Administrator and FMER as agent for Program Administrator with web-based access to Student Loan files, or portions thereof, in accordance with the terms of the System Access Schedule, which shall set forth, without limitation, the type of access and/or online services that must be available to each type of user and the minimum user access security requirements that must be implemented on Servicer’s PHEAA System.
Servicer and Program Administrator, on behalf of the Lender Participants, shall discuss future enhancements to the Services, the PHEAA System, and the Servicing Guidelines as identified in Section 4.03(c).
Servicer agrees to accurately convert all FMC Administrator Loan origination data provided by Program Administrator, which is necessary for servicing hereunder onto the PHEAA System.
The Servicer is responsible for designing, implementing and maintaining the PHEAA System in order to remain in compliance with the requirements of this Agreement.
The Servicer shall design, implement and maintain the PHEAA System in order to remain in compliance with the requirements of this Agreement.
Servicer, Lender and Program Administrator, on behalf of the Lender, shall discuss future enhancements to the Services, the PHEAA System, and the Servicing Guidelines as identified in Section 4.06(c).
Servicer agrees to accurately convert all Loan origination data provided by Program Administrator, which is necessary for servicing hereunder onto the PHEAA System.
Notwithstanding the foregoing, Lender shall (a) have direct, view-only system access to the PHEAA System as set forth in Schedule B, (b) contact Servicer directly in the event of escalated customer service issues that require Lender’s prompt attention for regulatory, accounting, or other reasons, and (c) have the right to audit Servicer directly as set forth in Section 7.
Servicer shall, at the direction of Lender, provide to the Program Administrator or its Affiliates as requested by Program Administrator, web-based access to Loan Files, or portions thereof, in accordance with the terms of the System Access Schedule, which shall set forth, without limitation, the type of access and/or online services that must be available to each type of user and the minimum user access security requirements that must be implemented on Servicer’s PHEAA System.