Common use of Regulatory Materials Clause in Contracts

Regulatory Materials. Each Fiscal Year, the Administrative Agent shall have the right, through counsel of the Administrative Agent's choice, to conduct a review (in scope reasonably satisfactory to the Administrative Agent in a manner that does not materially interfere with the business operations of the Credit Parties) of (i) the forms of customer contracts in use by the Credit Parties, (ii) the Credit Parties' compliance management systems and any policies and procedures related thereto, (iii) the Credit Parties' servicing guidelines, documents and materials, and (iv) privacy notices, any information relating to consumer complaints, or any other materials provided to or presented to consumers. All reasonable costs and expenses incurred by the Administrative Agent in connection with such reviews and reports shall be promptly reimbursed by the Credit Parties after receipt of supporting documentation; provided that the Administrative Agent shall endeavor, so long as no Event of Default shall have occurred or be continuing and absent the deployment of new business lines, to limit such costs and expenses in connection with such reviews and reports to not more than $25,000 per Fiscal Year. Each Credit Party shall at all times enforce and fully implement its compliance management systems to ensure compliance with the requirements of all Laws and all other orders, writs, injunctions and decrees applicable to it, except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Regulatory Materials. Each Fiscal Year, the Administrative Agent shall have the right, through counsel of the Administrative Agent's ’s choice, to conduct a review (in scope reasonably satisfactory to the Administrative Agent in a manner that does not materially interfere with the business operations of the Credit Parties) of (i) the forms of customer contracts in use by the Credit Parties, (ii) the Credit Parties' ’ compliance management systems and any policies and procedures related thereto, thereto (iii) the Credit Parties' ’ servicing guidelines, documents and materials, and (iv) privacy notices, any information relating to consumer complaints, or any other materials provided to or presented to consumers. All reasonable costs and expenses incurred by the Administrative Agent in connection with such reviews and reports shall be promptly reimbursed by the Credit Parties after receipt of supporting documentation; provided that the Administrative Agent shall endeavor, so long as no Event of Default shall have DB1/ 85911004.13 occurred or be continuing and absent the deployment of new business lines, to limit such costs and expenses in connection with such reviews and reports to not more than $25,000 per Fiscal Year. Each Credit Party shall at all times enforce and fully implement its compliance management systems to ensure compliance with the requirements of all Laws and all other orders, writs, injunctions and decrees applicable to it, except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Regulatory Materials. Each Fiscal Year, the Administrative Agent shall have the right, through counsel of the Administrative Agent's ’s choice, to conduct a review (in scope reasonably satisfactory to the Administrative Agent in a manner that does not materially interfere with the business operations of the Credit Parties) of (i) the forms of customer contracts in use by the Credit Parties, (ii) the Credit Parties' ’ compliance management systems and any policies and procedures related thereto, thereto (iii) the Credit Parties' ’ servicing guidelines, documents and materials, and (iv) privacy notices, any information relating to consumer complaints, or any other materials provided to or presented to consumers. All reasonable costs and expenses incurred by the Administrative Agent in connection with such reviews and reports shall be promptly reimbursed by the Credit Parties after receipt of supporting documentation; provided that the Administrative Agent shall endeavor, so long as no Event of Default shall have occurred or be continuing and absent the deployment of new business lines, to limit such costs and expenses in connection with such reviews and reports to not more than $25,000 per Fiscal Year. Each Credit Party shall at all times enforce and fully implement its compliance management systems to ensure compliance with the requirements of all Laws and all other orders, writs, injunctions and decrees applicable to it, except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Regulatory Materials. Each Fiscal Year, the Administrative Agent shall have the right, through counsel of the Administrative Agent's choice, to conduct a review (in scope reasonably satisfactory to the Administrative Agent in a manner that does not materially interfere with the business operations of the Credit Parties) of (i) the forms of customer contracts in use by the Credit Parties, (ii) the Credit Parties' compliance management systems and any policies and procedures related thereto, thereto (iii) the Credit Parties' servicing guidelines, documents and materials, and (iv) privacy notices, any information relating to consumer complaints, or any other materials provided to or presented to consumers. All reasonable costs and expenses incurred by the Administrative Agent in connection with such reviews and reports shall be promptly reimbursed by the Credit Parties after receipt of supporting documentation; provided that the Administrative Agent shall endeavor, so long as no Event of Default shall have occurred or be continuing and absent the deployment of new business lines, to limit such costs and expenses in connection with such reviews and reports to not more than $25,000 per Fiscal Year. Each Credit Party shall at all times enforce and fully implement its compliance management systems to ensure compliance with the requirements of all Laws and all other orders, writs, injunctions and decrees applicable to it, except where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.