System Reporting. A. Designated Custodian is solely responsible for the on-going maintenance of the eVault and other related systems to conduct its responsibilities hereunder, including access to the Notes. Any system failure impacting eNote Certification and Transfer of Control or Location, or the inability to process MERS eDelivery of eNotes from or to the Seller/Servicer will be reported to ▇▇▇▇▇▇▇ Mac and Seller/Servicer within one hour and must be resolved within four hours. If the system error impairs automated certification beyond four hours, Designated Custodian is responsible for manually certifying the eNotes. Any other system failures will be reported to ▇▇▇▇▇▇▇ Mac and Seller/Servicer within one Business Day, and ▇▇▇▇▇▇▇ Mac may request a written report from the Designated Custodian summarizing the event that includes the root cause and measures taken to prevent future occurrences. Designated Custodian shall provide a minimum of:
Appears in 2 contracts
Sources: Designated Custodial Agreement, Designated Custodial Agreement