Common use of Regulators Clause in Contracts

Regulators. Tech will allow Bank’s federal and state governmental regulators (at a minimum, to the extent required by law), at Bank’s expense, to inspect records held by Tech and t the procedures and facilities of Tech. Pursuant to 12 U.S.C. 1867(c), the performance of such services will be subject to regulation and examination by the appropriate federal banking agency to the same extent as if the services were being performed by Bank itself. Tech acknowledges that regulatory agencies may have authority to audit Tech’s performance at any time during normal business hours and that such audits may include both methods and results under this Services Agreement.