Common use of Use of Hardware and Software Clause in Contracts

Use of Hardware and Software. In the event that Subservicer shall be performing MLCC Services on behalf of Servicer and any third party utilizing common hardware and/or Software, Servicer shall have the right, on reasonable notice to Subservicer and at Servicer’s sole cost and expense, to audit such hardware and Software to ensure segregation of MLCC Data from third party data adequate to prevent unauthorized disclosure of MLCC Data to third parties, and to ensure the security of MLCC Data in accordance with normal industry practices, provided that such audit shall not disrupt Subservicer’s ability to perform the MLCC Services.

Appears in 2 contracts

Sources: Mortgage Loan Subservicing Agreement (PHH Corp), Subservicing Agreement (PHH Corp)