System Changes. The Servicer has the right to change any part or all of its equipment, its servicing system, computer programs, and its procedures relating to the manner of or the methodology used in servicing the Student Loans, provided however, that in no event shall such change abrogate or in any way modify the obligations of the Servicer with respect to the substantive provisions of this Agreement, specifically all requirements of the Regulations, the quality of the Service or the compliance requirements set forth herein. It is specifically understood that the intent of this paragraph is to allow the Servicer flexibility over the methods and techniques of Servicing subject to full compliance with the substantive terms of this Agreement. The Servicer agrees to give FMC ninety (90) days advance written notice and description of any material discretionary change in its computer system or procedures which will significantly affect FMC's operations. Servicer shall test each material discretionary change to the extent Servicer believes necessary to determine that such change will not result in adverse consequences to FMC. Upon request of FMC, Servicer will provide reasonable information to FMC as to the nature and effect of the change.
Appears in 4 contracts
Samples: Alternative Servicing Agreement, Alternative Servicing Agreement (National Collegiate Funding LLC), Alternative Servicing Agreement (National Collegiate Funding LLC)
