Common use of Financial Information and Audit Clause in Contracts

Financial Information and Audit. Financial Institution may from time to time request information from Member Client in order to evaluate a continuation of the Service to be provided by Financial Institution hereunder and/or adjustment of any limits set by the Financial Institution. Member Client agrees to provide or make available the requested financial information immediately upon request by Financial Institution, in the form required by Financial Institution. Member Client authorizes Financial Institution to investigate or reinvestigate at any time any information provided by Member Client in connection with this Agreement or the Service. Upon request by Financial Institution, Member Client hereby authorizes Financial Institution to enter Member Client’s business premises for the purpose of ensuring that Member Client is in compliance with this Agreement and Member Client specifically authorizes Financial Institution to perform an audit of Member Client’s operational controls, risk management practices, staffing and the need for training and ongoing support, and information technology infrastructure. Member Client hereby acknowledges and agrees that Financial Institution shall have the right to mandate specific internal controls at Member Client’s location(s) and Member Client shall comply with any such mandate. In addition, Member Client hereby agrees to allow Financial Institution to review available reports of independent audits performed at the Member Client location related to information technology, the Service and any associated operational processes. Member Client agrees that if requested by Financial Institution, Member Client will complete a self-assessment of Member Client’s operations, management, staff, systems, internal controls, training and risk management practices that would otherwise be reviewed by Financial Institution in an audit of Member Client. If Member Client refuses to provide the requested financial information, or if Financial Institution concludes, in its sole discretion, that the risk of Member Client is unacceptable, if Member Client violates this Agreement or the Rules, or if Member Client refuses to give Financial Institution access to Member Client’s premises, Financial Institution may terminate the Service and this Agreement according to the provisions hereof.

Financial Information and Audit. Financial Institution UVACCU may from time to time request information from Member Client in order to evaluate a continuation of the Service to be provided by Financial Institution UVACCU hereunder and/or adjustment of any limits set by the Financial Institutionthis Agreement. Member Client agrees to provide or make available the requested financial information immediately upon request by Financial InstitutionUVACCU, in the form required by Financial InstitutionUVACCU. Member Client authorizes Financial Institution UVACCU to investigate or reinvestigate at any time any information provided by Member Client in connection with this Agreement or the Service. Upon request by Financial InstitutionUVACCU, Member Client hereby authorizes Financial Institution UVACCU to enter Member ClientMember’s business premises for the purpose of ensuring that Member Client is in compliance with this Agreement and Member Client specifically authorizes Financial Institution UVACCU to perform an audit of Member ClientMember’s operational controls, risk management practices, staffing and the need for training and ongoing support, and information technology infrastructure. Member Client hereby acknowledges and agrees that Financial Institution UVACCU shall have the right to mandate specific internal controls at Member ClientMember’s location(s) and Member Client shall comply with any such mandate. In addition, Member Client hereby agrees to allow Financial Institution UVACCU to review available reports of independent audits performed at the Member Client location related to information technology, the Service and any associated operational processes. Member Client agrees that if requested by Financial InstitutionUVACCU, Member Client will complete a self-self- assessment of Member ClientMember’s operations, management, staff, systems, internal controls, training and risk management practices that would otherwise be reviewed by Financial Institution UVACCU in an audit of Member ClientMember. If Member Client refuses to provide the requested financial information, or if Financial Institution UVACCU concludes, in its sole discretion, that the risk of Member Client is unacceptable, if Member Client violates this Agreement or the Rules, or if Member Client refuses to give Financial Institution UVACCU access to Member ClientMember’s premises, Financial Institution UVACCU may terminate the Service and this Agreement according to the provisions hereof.

Financial Information and Audit. Financial Institution UVACCU may from time to time request information from Member Client in order to evaluate a continuation of the Service to be provided by Financial Institution UVACCU hereunder and/or adjustment of any limits set by the Financial Institutionthis Agreement. Member Client agrees to provide or make available the requested financial information immediately upon request by Financial InstitutionUVACCU, in the form required by Financial InstitutionUVACCU. Member Client authorizes Financial Institution UVACCU to investigate or reinvestigate at any time any information provided by Member Client in connection with this Agreement or the Service. Upon request by Financial InstitutionUVACCU, Member Client hereby authorizes Financial Institution UVACCU to enter Member ClientMember’s business premises for the purpose of ensuring that Member Client is in compliance with this Agreement and Member Client specifically authorizes Financial Institution UVACCU to perform an audit of Member ClientMember’s operational controls, risk management practices, staffing and the need for training and ongoing support, and information technology infrastructure. Member Client hereby acknowledges and agrees that Financial Institution UVACCU shall have the right to mandate specific internal controls at Member ClientMember’s location(s) and Member Client shall comply with any such mandate. In addition, Member Client hereby agrees to allow Financial Institution UVACCU to review available reports of independent audits performed at the Member Client location related to information technology, the Service and any associated operational processes. Member Client agrees that if requested by Financial InstitutionUVACCU, Member Client will complete a self-assessment of Member ClientMember’s operations, management, staff, systems, internal controls, training and risk management practices that would otherwise be reviewed by Financial Institution UVACCU in an audit of Member ClientMember. If Member Client refuses to provide the requested financial information, or if Financial Institution UVACCU concludes, in its sole discretion, that the risk of Member Client is unacceptable, if Member Client violates this Agreement or the Rules, or if Member Client refuses to give Financial Institution UVACCU access to Member ClientMember’s premises, Financial Institution UVACCU may terminate the Service and this Agreement according to the provisions hereof.