Common use of Inspection and Audit Rights Clause in Contracts

Inspection and Audit Rights. Each Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the DepositorPurchaser, at any time during the Master Servicer or the Trustee during such Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee Purchaser and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its the officers, employees and independent public accountants of the Servicer (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee Purchaser of any right under this Section 12.09 12.05 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 12.05 shall limit the obligation of each the Servicer to observe any applicable law Applicable Law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 12.05 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable five Business Days’ prior notice, it will permit and will cause each subservicer to permit any representative of the Depositor, the Indenture Trustee, the Master Servicer or Servicer, the Trustee Administrator, during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Indenture Trustee, the Master Servicer or the Trustee Administrator, and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer the Indenture Trustee hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Indenture Trustee, the Master Servicer or the Trustee Administrator, of any right under this Section 12.09 10.9 shall be borne by the party making the request requesting such inspection (except which, in the case of requests made by all reasonable out-of-pocket expenses of the Indenture Trustee, the Master Servicer or the Administrator, shall be reimbursable to such Person from funds then on deposit in the Note Payment Account); all other such expenses shall be borne by the Servicer or the related subservicer. The party requesting such Servicerinspection agrees to hold all such information in confidence and shall not disclose such information without the consent of the Servicer (unless required by law or a court of applicable jurisdiction). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.9 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business, except to the extent otherwise provided in this Agreement. Each Unless otherwise provided in this Agreement, the Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if unless provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Master Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Master Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Master Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Master Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 shall be borne by the party making the request requesting such inspection, subject to such party’s right to reimbursement hereunder (except in the case of requests made by the Trustee, pursuant to Section 10.05 hereof). The Trustee agrees that, on reasonable prior notice, it will permit any representative of the Depositor during the Trustee’s normal business hours, to examine all the books of account, records, reports and other papers of the Trustee relating to the Certificates, to make copies and extracts therefrom, to cause such expenses books to be audited by independent certified public accountants selected by the Depositor and to discuss its affairs, finances and accounts relating to such Certificates with its officers, employees and independent public accountants (and by this provision the Trustee hereby authorizes such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any out-of-pocket expense incident to the exercise by the Depositor of any right under this Section 12.09 shall be borne by the party requesting such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information inspection, subject to such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each Servicer party’s right to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereofhereunder.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable five Business Days’ prior notice, it will permit and will cause each subservicer to permit any representative of the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer the Trustee hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, of any right under this Section 12.09 10.9 shall be borne by the party making the request requesting such inspection (except which, in the case of requests made by all reasonable out-of-pocket expenses of the Trustee, the Master Servicer or the Securities Administrator, shall be reimbursable to such Person from funds then on deposit in the Distribution Account); all other such expenses shall be borne by the Servicer or the related subservicer. The party requesting such Servicerinspection agrees to hold all such information in confidence and shall not disclose such information without the consent of the Servicer (unless required by law or a court of applicable jurisdiction). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.9 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business, except to the extent otherwise provided in this Agreement. Each Unless otherwise provided in this Agreement, the Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if unless provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this SectionSection 12.09. Nothing in this Section 12.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on the dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable 15 days' prior noticenotice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.08 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.08 shall limit the obligation of each the Servicer to observe comply with any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.08 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if unless provisions have been made for the reimbursement of the costs thereof. In addition, access to the documentation regarding the Mortgage Loans will be provided to any Certificateholder, the Trustee and to any Person identified to the Servicer as a prospective transferee of a Certificate, upon reasonable request during normal business hours at the offices of the Servicer designated by it at the expense of the Person requesting such access (or in the case of the Trustee, at the expense of the Person making such request to the Trustee).

Inspection and Audit Rights. Each Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer The Servicers may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer the Servicers to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer Countrywide agrees that on reasonable prior notice, and JPMorgan agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer The Servicers may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer the Servicers to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Trustee, the Certificate Insurer or the Trustee Master Servicer, during such the related Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such Servicer relating to the applicable related Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Trustee, the Certificate Insurer or the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such the related Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the related Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the related Servicer incident to the exercise by the Depositor, the Trustee, the Certificate Insurer or the Master Servicer or the Trustee of any right under this Section 12.09 11.09 shall be borne by the party making the request unless an Event of Default with respect to the related Servicer has occurred and is continuing (except in the or with notice or passage of time, would occur), which case of requests made by the Trustee, such expenses shall be borne by such the related Servicer). Each The related Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 11.09 shall limit the obligation of each the related Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the related Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the related Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The related Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Class A-1 Certificate Insurer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Class A-1 Certificate Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on the dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Certificate Insurer or the Trustee Trustee, during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable related Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the related Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Certificate Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Backup Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Trustee or, with respect to the Group I Mortgage Loans, the Group I Master Servicer or Servicer, during the Trustee during such related Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such Servicer relating to the applicable related Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Trustee or the Group I Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such the related Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the related Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the related Servicer incident to the exercise by the Depositor, the Trustee or the Group I Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The related Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the related Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the related Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the related Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The related Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees employees, agents, counsel and independent public accountants (and by this provision each provision, the Servicer hereby authorizes said such accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this SectionSection 10.09. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer Any out-of-pocket expense incident to the exercise by the Depositor or the Trustee of any right under this Section 10.09 shall not be required to make copies of or to ship documents to any Person who is not a borne by the party to this Agreement, and then only if provisions have been made for requesting such inspection (except in the reimbursement case of the costs thereofTrustee in which case such expenses shall be borne by the requesting Certificateholder(s)).

Inspection and Audit Rights. Each The Servicer agrees that on reasonable 15 days' prior noticenotice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer Ocwen agrees that on reasonable prior notice, and Chase agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable five Business Days’ prior notice, it will permit and will cause each subservicer to permit any representative of the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, during such the Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer the Trustee hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Trustee, the Master Servicer Servicer, the Securities Administrator or the Trustee NIMS Insurer, if any, of any right under this Section 12.09 10.9 shall be borne by the party making the request requesting such inspection (except which, in the case of requests made by all reasonable out-of-pocket expenses of the Trustee, such expenses the Master Servicer or the Securities Administrator, shall be borne by reimbursable to such ServicerPerson from funds then on deposit in the Distribution Account). Each The party requesting such inspection agrees to hold all such information in confidence and shall not disclose such information without the consent of the Servicer may impose commercially reasonable restrictions on dissemination (unless required by law or a court of information such Servicer defines as confidentialapplicable jurisdiction). Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.9 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business, except to the extent otherwise provided in this Agreement. Each Unless otherwise provided in this Agreement, the Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if unless provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Master Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee during such the Master Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Master Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Master Servicer incident to the exercise by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Master Servicer may impose commercially reasonable restrictions on dissemination of information such the Master Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Master Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Master Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Master Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Master Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Master Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such the Master Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Master Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Master Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Master Servicer may impose commercially reasonable restrictions on dissemination of information such the Master Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Master Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Master Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Master Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Master Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees Ocwen and Countrywide agree that on reasonable prior notice, and JPMorgan agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer The Servicers may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer the Servicers to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Servicer, the Securities Administrator or the Trustee during such Servicer's Person’s normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Servicer, the Securities Administrator or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 11.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees that on of Holdco and the Borrower will, and Holdco will cause each Restricted Subsidiary to, keep proper books of record and account in which full, true and correct entries (in all material respects) are made of all material financial transactions in relation to its business and activities. Each of Holdco and the Borrower will, and Holdco will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative Agent, upon reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such Servicer's normal business hoursto visit and inspect its properties, to examine all the and make extracts from its books of account, and records, reports and other papers of such Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans condition with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense , provided that only the Administrative Agent on behalf of a Servicer incident to the Lenders may exercise by the Depositor, the Master Servicer or the Trustee of any right rights under this Section 12.09 5.08 and the Administrative Agent shall not exercise such rights more often than two times during any fiscal year absent the existence of an Event of Default and only one such time shall be borne by at the party making Borrower’s expense, and provided, further, that when an Event of Default has occurred and is continuing the request Administrative Agent (except or any of its designated representatives) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent shall provide the Borrower the opportunity to participate in any discussions with any such independent accountants. Notwithstanding anything to the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing contrary in this Section 12.09 shall limit 5.08, none of Holdco, the obligation of each Servicer to observe Borrower or any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer shall not Restricted Subsidiary will be required to make copies disclose or permit the inspection or discussion of, any document, information or other matter (i) that constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their representatives or contractors) is prohibited by law, fiduciary duty or any binding agreement or (iii) that is subject to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereofattorney client or similar privilege or constitutes attorney work product.

Inspection and Audit Rights. Each Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee Securities Administrator during such Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee Securities Administrator and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee Securities Administrator of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the TrusteeSecurities Administrator, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by as to the Trustee, such expenses the Trust Fund shall be borne by responsible for such Servicerexpense). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer agrees Ocwen and Countrywide agree that on reasonable prior notice, and Chase agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer Class A-1 Certificate Insurer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer Class A-1 Certificate Insurer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer The Servicers may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer Countrywide and Wilshire agrees that on reasonable prior notice, and JPMorgan agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', it will permit any representative of the Depositor, the Master Servicer or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the applicable Servicer). Each Servicer The Servicers may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such Servicer the Servicers to provide access as provided in this Section 12.09 10.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the DepositorPurchaser, at any time during the Master Servicer or the Trustee during such Servicer's ’s normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee Purchaser and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its the officers, employees and independent public accountants of the Servicer (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee Purchaser of any right under this Section 12.09 12.05 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 12.05 shall limit the obligation of each the Servicer to observe any applicable law Applicable Law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 12.05 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that that, on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Mortgage Pool Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such Servicer)request. Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such the Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such the Servicer relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer or the Trustee and to discuss its affairs, finances and accounts relating to such the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses shall be borne by such the Servicer). Each The Servicer may impose commercially reasonable restrictions on dissemination of information such the Servicer defines as confidential. Nothing in this Section 12.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 shall require each the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each The Servicer shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.

Inspection and Audit Rights. Each Servicer Chase agrees that on 15 days' prior notice or, if an Event of Default has occurred and is continuing, 3 Business Days', and Countrywide agrees that on reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such ServicerPerson's normal business hours, to examine all the books of account, records, reports and other papers of such Servicer Person relating to the applicable Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor, the Master Servicer Depositor or the Trustee and to discuss its affairs, finances and accounts relating to such Mortgage Loans with its officers, employees and independent public accountants (and by this provision each Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any reasonable out-of-pocket expense of a Servicer incident to the exercise by the Depositor, the Master Servicer Depositor or the Trustee of any right under this Section 12.09 shall be borne by the party making the request (except in the case of requests made by the Trustee, such expenses 10.09 shall be borne by such Servicer). Each Servicer may impose commercially reasonable restrictions on dissemination of information such Servicer defines as confidential. Nothing in this Section 12.09 10.09 shall limit the obligation of each the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of such the Servicer to provide access as provided in this Section 12.09 as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 12.09 10.09 shall require each a Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. Each Servicer The Servicers shall not be required to make copies of or to ship documents to any Person who is not a party to this Agreement, and then only if provisions have been made for the reimbursement of the costs thereof.