Inspection and Audit Rights. The Servicer agrees that, upon reasonable prior notice, it will permit any representative of the Trustee, during the Servicer's normal business hours, to examine all of the books of account, records, reports and other papers of the Servicer relating to the Contracts, to make copies and extracts therefrom, to cause such books to be audited by independent accountants selected by the Trustee, and to discuss the affairs, finances and accounts relating to the Contracts with the Servicer's officers, employees and independent accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representatives such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any expense incident to the reasonable exercise by the Trustee of any right under this Section shall be borne by the Trustee and reimbursed to it by the Company under Section 7.7.
Appears in 9 contracts
Samples: Indenture (Transition Auto Finance Ii Inc), Indenture (Transition Auto Finance Ii Inc), Subsidiary Agreement (Transition Auto Finance Iii Inc)
Inspection and Audit Rights. The Servicer agrees that, upon reasonable prior notice, it will permit any representative of the Trustee, during the Servicer's normal business hours, to examine all of the books of account, records, reports and other papers of the Servicer relating to the Contracts, to make copies and extracts therefrom, to cause such books to be audited by independent accountants selected by the Trustee, and to discuss the affairs, finances and accounts relating to the Contracts with the Servicer's officers, employees and independent accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representatives such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any expense incident to the reasonable exercise by the Trustee of any right under this Section shall be borne by the Trustee and reimbursed to it by the Company under Section 7.7.. ARTICLE THIRTEEN
Appears in 2 contracts
Samples: Indenture (Sovereign Credit Finance I Inc), Indenture (Sovereign Credit Finance I Inc)
Inspection and Audit Rights. The Servicer agrees that, upon reasonable prior notice, it will permit any representative of the Trustee, during the Servicer's normal business hours, to examine all of the books of account, records, reports and other papers of the Servicer relating to the Contracts, to make copies and extracts therefrom, to cause such books to be audited by independent accountants selected by the Trustee, and to discuss the affairs, finances and accounts relating to the Contracts with the Servicer's officers, employees and independent accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representatives such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any expense incident to the reasonable exercise by the Trustee of any right under this Section shall be borne by the Trustee and reimbursed to it by the Company under Section 7.7.. 57
Appears in 1 contract
Samples: Sovereign Credit Finance Ii Inc