Common use of Accounts Documentation Clause in Contracts

Accounts Documentation. Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Agent and Borrower shall maintain its books, records and accounts in accordance with GAAP consistently applied. Borrower shall keep and maintain, at its cost and expense, satisfactory and complete books and records of all Accounts, all payments received or credits granted thereon, and all other dealings therewith. At such times as Agent may reasonably request, Borrower shall deliver to Agent, all original documents evidencing the sale and delivery of goods or the performance of services which created any Accounts, including, but not limited to, all contracts, orders, invoices, bills of lading, warehouse receipts, delivery tickets and shipping receipts, together with schedules describing the Accounts and/or written confirmatory assignments to Agent of each Account, in form and substance satisfactory to Agent and duly executed by Borrower, together with such other information as Agent may request. In no event shall the making or the failure to make or the content of any schedule or assignment or Borrower's failure to comply with the provisions hereof be deemed or construed as a waiver, limitation or modification of the security interest in, lien upon and assignment of the Collateral or the representations, warranties or covenants under this Agreement or the other Financing Agreements. Any documents, schedules, invoices or other papers delivered to Agent or any Lender, pursuant to this Section or otherwise, may be destroyed or otherwise disposed of by it one (1) year after the same are delivered, unless Borrower make written request therefor and pay all expenses attendant to their return, in which event Agent or such Lender shall return same when its actual or anticipated need therefor has ceased.

Appears in 1 contract

Samples: Loan and Security Agreement (Industrial Fuels Minerals Co)

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Accounts Documentation. Each Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Agent and each Borrower shall maintain its books, records and accounts in accordance with GAAP consistently applied. Each Borrower shall keep and maintain, at its cost and expense, satisfactory and complete books and records of all Accounts, all payments received or credits granted thereon, and all other dealings therewith. At such times as Agent may reasonably request, each Borrower shall deliver to Agent, all original documents evidencing the sale and delivery of goods or the performance of services which created any Accounts, including, but not limited to, all contracts, orders, invoices, bills of lading, warehouse receipts, delivery tickets and shipping receipts, together with schedules describing the Accounts and/or written confirmatory assignments to Agent of each Account, in form and substance satisfactory to Agent and duly executed by such Borrower, together with such other information as Agent may request. In no event shall the making or the failure to make or the content of any schedule or assignment or such Borrower's ’s failure to comply with the provisions hereof be deemed or construed as a waiver, limitation or modification of the security interest in, lien upon and assignment of the Collateral or the representations, warranties or covenants under this Agreement or the other Financing Agreements. Any documents, schedules, invoices or other papers delivered to Agent or any Lender, pursuant to this Section or otherwise, may be destroyed or otherwise disposed of by it one (1) year after the same are delivered, unless Borrower Borrowers make written request therefor and pay all expenses attendant to their return, in which event Agent or such Lender shall return same when its actual or anticipated need therefor has ceased.

Appears in 1 contract

Samples: Loan and Security Agreement (Doe Run Resources Corp)

Accounts Documentation. Borrower shall maintain its shipping forms, ---------------------- invoices and other related documents in a form reasonably satisfactory to Agent Lender and Borrower shall maintain its books, records and accounts in accordance with GAAP consistently applied. Borrower shall keep and maintain, at its cost and expense, satisfactory and complete books and records of all Accounts, all payments received or credits granted thereon, and all other dealings therewith. At such times as Agent Lender may reasonably request, Borrower shall deliver to Agent, Lender all original documents evidencing the sale and delivery of goods or the performance of services which created any Accounts, including, but not limited to, all original contracts, orders, invoices, bills of lading, warehouse receipts, delivery tickets and shipping receipts, together with schedules describing the Accounts and/or written confirmatory assignments to Agent Lender of each Account, in form and substance satisfactory to Agent Lender and duly executed by Borrower, together with such other information as Agent Lender may request. In no event shall the making or the failure to make or the content of any schedule or assignment or Borrower's failure to comply with the provisions hereof be deemed or construed as a waiver, limitation or modification of the security interest in, lien upon and assignment of the Collateral or the representations, warranties or covenants under this Agreement or the other Financing Agreements. Any documents, schedules, invoices or other papers delivered to Agent or any Lender, pursuant to this Section or otherwise, may be destroyed or otherwise disposed of by it them one (1) year after the same are delivered, unless Borrower make makes written request therefor and pay pays all expenses attendant to their return, in which event Agent Lender or such Lender shall return same when its their actual or anticipated need therefor has ceased.

Appears in 1 contract

Samples: Loan and Security Agreement (Am General Corp)

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Accounts Documentation. Each Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Agent Lender and each Borrower shall maintain its books, records and accounts in accordance with GAAP consistently applied. Each Borrower shall keep and maintain, at its cost and expense, satisfactory and complete books and records of all Accounts, all payments received or credits granted thereon, and all other dealings therewith. At such times as Agent Lender may reasonably request, each Borrower shall deliver to AgentLender, all original documents evidencing the sale and delivery of goods or the performance of services which created any Accounts, including, but not limited to, all contracts, orders, invoices, bills of lading, warehouse receipts, delivery tickets and shipping receipts, together with schedules describing the Accounts and/or written confirmatory assignments to Agent Lender of each Account, in form and substance satisfactory to Agent Lender and duly executed by such Borrower, together with such other information as Agent Lender may request. In no event shall the making or the failure to make or the content of any schedule or assignment or such Borrower's failure to comply with the provisions hereof be deemed or construed as a waiver, limitation or modification of the security interest in, lien upon and assignment of the Collateral or the representations, warranties or covenants under this Agreement or the other Financing Agreements. Any documents, schedules, invoices or other papers delivered to Agent or any Lender, pursuant to this Section or otherwise, may be destroyed or otherwise disposed of by it one (1) year after the same are delivered, unless Borrower Borrowers make written request therefor and pay all expenses attendant to their return, in which event Agent or such Lender shall return same when its actual or anticipated need therefor has ceased.

Appears in 1 contract

Samples: Loan and Security Agreement (Doe Run Peru Sr Ltda)

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