ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx its books and records and each Contract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders pursuant to the Indenture. (b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 2 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx its books and records and each Contract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders pursuant to the Amended and Restated Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 2 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mark its books and records and each Contract Xxxtract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale sale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Provider pursuant to the Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the NoteholdersNoteholders and the Swap Provider. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Provider shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mark its books and records and each Contract File (including each ContractContxxxx) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders Securityholders pursuant to the Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the NoteholdersSecurityholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders Securityholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mark its books and records and each Contract Xxxxract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders pursuant to the Amended and Restated Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mark its books and records and each Contract Xxxtract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale sale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Providers pursuant to the Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the NoteholdersNoteholders and the Swap Providers. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Providers shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mxxx its books and records and each Contract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders pursuant to the Amended and Restated Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx its books and records and each Contract File (including each Contract) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale sale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Provider pursuant to the Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the NoteholdersNoteholders and the Swap Provider. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders and the Swap Provider shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
ACCOUNTS, BOOKS AND RECORDS. (a) The Contributor shall maintain accounts and records as to each Contract accurately and in sufficient detail to permit the reader thereof to know at any time the status of such Contract, including payments and recoveries made and payments owing (and the nature of each). Prior to the transfer of the Contracts to the Transferor, the Contributor will clearly xxxx mark its books and records and each Contract File (including each ContractConxxxxt) to reflect each sale of a Contract and the Equipment subject thereto to the Transferor, the resale sale to the Issuer and to show that the Issuer owns the Contracts absolutely. The Contributor or the Transferor, as the case may be, will cause the electronic ledger, the Contract File (including the Contract), with respect to each Contract and the related Contract and the Contract Schedule to be clearly and unambiguously marked to show that such Contract and the related Contract has been contributed by Contributor to the Transferor, resold by the Transferor to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders pursuant to the Indenture.
(b) The Contributor shall maintain its computer systems so that, from and after the time of sale hereunder of the Contracts to the Transferor, the Contributor's master computer records (including archives) that refer to a Contract and the related Contract shall indicate clearly the interest of the Transferor in such Contract and that such Contract has been resold to the Issuer and pledged by the Issuer to the Trustee for the benefit of the Noteholders. Indication of the Transferor's ownership of a Contract, the resale to the Issuer, and the pledge of such Contract by the Issuer to the Trustee for the benefit of the Noteholders shall be deleted from or modified on the Contributor's computer systems when, and only when, the Contract shall have been paid in full or purchased or substituted by the Contributor pursuant to the terms hereof.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)