Common use of Accounts Documentation Clause in Contracts

Accounts Documentation. Each Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to 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 Lender may reasonably request, each Borrower shall deliver to 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 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 Lender of each Account, in form and substance satisfactory to Lender and duly executed by such Borrower, together with such other information as 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 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 Borrowers make written request therefor and pay all expenses attendant to their return, in which event 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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Accounts Documentation. Each Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Lender 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 Lender Agent may reasonably request, each Borrower shall deliver to LenderAgent, 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 Lender Agent of each Account, in form and substance satisfactory to Lender Agent and duly executed by such Borrower, together with such other information as Lender 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 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 Borrowers 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)

Accounts Documentation. Each Borrower shall maintain its shipping forms, invoices and other related documents in a form reasonably satisfactory to Lender 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 Lender Agent may reasonably request, each Borrower shall deliver to LenderAgent, 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 Lender Agent of each Account, in form and substance satisfactory to Lender Agent and duly executed by such Borrower, together with such other information as Lender 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 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)

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Accounts Documentation. Each Borrower shall maintain its shipping forms, ---------------------- invoices and other related documents in a form reasonably satisfactory to 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 Lender may reasonably request, each Borrower shall deliver to Lender, 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 Lender of each Account, in form and substance satisfactory to Lender and duly executed by such Borrower, together with such other information as 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 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 Borrowers make Borrower makes written request therefor and pay pays all expenses attendant to their return, in which event 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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