Common use of ACCESS AND RECORDS AND REPORTS Clause in Contracts

ACCESS AND RECORDS AND REPORTS. (A) Access to the Custodian's Records. Except as otherwise provided in this Agreement, during the Custodian's regular business hours and upon receipt of reasonable notice from the Client, any officer or employee of the Client, any independent public accountant(s) selected by the Client and any person designated by any regulatory authority having jurisdiction over the Client shall be entitled to examine on the Custodian's premises Property held by the Custodian and the Custodian's records regarding Property deposited with entities authorized to hold Property in accordance with Section 12 hereof and Custodian shall cooperate in responding to inquiries from such persons, but only upon the Client's furnishing the Custodian with Instructions to that effect; PROVIDED THAT such examination shall be consistent with the Custodian's obligations of confidentiality to other parties. The Custodian's reasonable costs and expenses in facilitating such examinations, including but not limited to the cost to the Custodian of providing personnel in connection with examinations, shall be borne by the Client.