Common use of Access to Bank's Records Clause in Contracts

Access to Bank's Records. Bank will allow Customer’s independent public accountants such reasonable access to the records of Bank relating to Financial Assets as is required in connection with their examination of books and records pertaining to Customer’s affairs. Subject to restrictions under Applicable Law, Bank also will obtain an undertaking to permit Customer’s independent public accountants, reasonable access to the records of any Subcustodian of Securities held in the Securities Account as may be required in connection with such examination. As soon as reasonably available, Bank shall provide to Customer the most recent Report on Controls Placed in Operation and Tests of Operating Effectiveness which Bank receives from Bank’s independent accountants in accordance with U.S. Statement of Auditing Standards No. 70 (“SAS 70 Report”).

Access to Bank's Records. Bank will allow Customer’s 's independent public accountants such reasonable access to the records of Bank relating to Financial Assets as is required in connection with their examination of books and records pertaining to Customer’s 's affairs. Subject to restrictions under Applicable Law, Bank also will obtain an undertaking to permit Customer’s independent public accountants, reasonable access to the records of any Subcustodian of Securities held in the Securities Account as may be required in connection with such examination. As soon as reasonably available, Bank shall provide to Customer the most recent Report on Controls Placed in Operation and Tests of Operating Effectiveness which Bank receives from Bank’s independent accountants in accordance with U.S. Statement of Auditing Standards No. 70 (“SAS 70 Report”).