Common use of Account Records and Receivables Systems Clause in Contracts

Account Records and Receivables Systems. (a) The Sponsor will maintain accurate accounts and records for each Receivable in sufficient detail to indicate the status of such Receivable, including payments and collections made and payments owing (and the nature of each).

Account Records and Receivables Systems. (a) The Sponsor will maintain accurate accounts and records for each Receivable in sufficient detail to indicate the status of such the Receivable, including payments and collections made and payments owing (and the nature of each).