Common use of Inspection and Audit Rights Clause in Contracts

Inspection and Audit Rights. Each Servicer agrees that, on 5 Business Days prior notice, it will permit any representative of the Depositor, the Master Servicer or the Trustee during such Person's normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the 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 the 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 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 such Servicer.

Appears in 9 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He8), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5)

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Inspection and Audit Rights. Each The Servicer agrees that, that on 5 Business Days 15 days’ prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such Person's ’s normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the 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 Servicer, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to the 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 Trust Administrator or the Trustee of any right under this Section 12.09 10.09 shall be borne by such the Servicer.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (SunTrust Mortgage Securitization, LLC), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)

Inspection and Audit Rights. Each The Servicer agrees that, that on 5 Business Days 15 days' prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such Person's normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the 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 Servicer, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to the 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 Trust Administrator or the Trustee of any right under this Section 12.09 10.09 shall be borne by such the Servicer.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)

Inspection and Audit Rights. Each The Servicer agrees that, on 5 Business Days prior notice, it will permit any representative of the Depositor, the Master Servicer Class A-3b Certificate Insurer or the Trustee during such Person's normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the 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 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 out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Class A-3b Certificate Insurer or the Trustee of any right under this Section 12.09 10.09 shall be borne by such the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9)

Inspection and Audit Rights. Each The Servicer agrees that, on 5 Business Days reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer Securities Administrator or the Trustee during such Personthe Servicer's normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the 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 Securities Administrator or the Trustee and to discuss its affairs, finances and accounts relating to 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 out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Securities Administrator or the Trustee of any right under this Section 12.09 11.09 shall be borne by such the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bcap LLC), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Wm1)

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Inspection and Audit Rights. Each The Servicer agrees that, on 5 Business Days reasonable prior notice, it will permit any representative of the Depositor, the Master Servicer or and/or the Trustee during such Person's the Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person the Servicer relating to the 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 and/or the Trustee and to discuss its affairs, finances and accounts relating to 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 out-of-pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer or and/or the Trustee of any right under this Section 12.09 shall be borne by such the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp Trust 2007-Opt1)

Inspection and Audit Rights. Each Servicer agrees that, on 5 reasonable prior notice, which shall not be less than two Business Days prior written notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such Person's Servicer’s normal business hours, to examine all the books of account, records, reports and other papers of such Person Servicer relating to the 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 the Mortgage Loans with its officers, employees and independent public accountants (and by this provision each the applicable 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 out-of-pocket expense of a the applicable 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 such the applicable Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2005-I1)

Inspection and Audit Rights. Each The Servicer agrees that, that on 5 Business Days 15 day’s prior notice, it will permit any representative of the Depositor, the Master Servicer Depositor or the Trustee during such Person's ’s normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the 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 Servicer, the Trust Administrator or the Trustee and to discuss its affairs, finances and accounts relating to the 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 out-of-reasonable out of pocket expense of a the Servicer incident to the exercise by the Depositor, the Master Servicer Servicer, the Trust Administrator or the Trustee of any right under this Section 12.09 10.09 shall be borne by such the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Fremont Home Loan Trust 2004-A)

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