Common use of Assignments, Records and Schedules of Accounts Clause in Contracts

Assignments, Records and Schedules of Accounts. Borrower shall keep accurate and complete records of its Accounts (“Account Records”) and from time to time, at intervals designated by Lender, Borrower shall provide Lender with a schedule (each, a “Schedule of Accounts”) of Account Records in form and substance reasonably acceptable to Lender describing all Collateral created or acquired by Borrower; provided, however, that Borrower’s failure to execute and deliver any Schedule of Accounts shall not affect or limit the Security Interest or Lender's other rights in and to any Collateral for the benefit of Lender. If requested by Lender, Borrower shall furnish Lender with copies of proof of delivery and other documents relating to the Collateral so scheduled, including, without limitation, repayment histories and present status reports (collectively, “Account Documents”) and such other matter and information relating to the status of then existing Collateral as Lender shall reasonably request. Borrower shall not remove any Account Records or Account Documents or change its chief executive offices from the address set forth on Schedule A to this Agreement without 30 days prior written notice to Lender as provided in section 16 and delivery to Lender by Borrower prior to such removal of executed financing statements, amendments and other documents necessary to maintain the Security Interest as granted under this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Compliance Systems Corp), Security Agreement (Compliance Systems Corp)

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Assignments, Records and Schedules of Accounts. The Borrower shall keep accurate and complete records of its Accounts (“Account Records”) and from time to time, time at intervals designated by Lender, the Lender the Borrower shall provide the Lender with a schedule of Accounts in form and substance acceptable to the Lender describing all Accounts created or acquired by Borrower (each, a “Schedule of Accounts”) of Account Records in form and substance reasonably acceptable to Lender describing all Collateral created or acquired by Borrower); provided, however, that the Borrower’s 's failure to execute and deliver any such Schedule of Accounts shall not affect or limit the Security Interest or Lender's security interest or other rights in and to any Collateral Accounts for the benefit of the Lender. If requested by the Lender, the Borrower shall furnish the Lender with copies of proof of delivery and other documents relating to the Collateral Accounts so scheduled, including, including without limitation, limitation repayment histories and present status reports (collectively, “Account Documents”) and such other matter and information relating to the status of then existing Collateral Accounts as the Lender shall reasonably request. The Borrower shall not remove any Account Records or Account Documents or change its chief executive offices from the address set forth on Schedule A to this Agreement attached hereto without 30 days prior written notice to the Lender as provided in section Section 16 hereof and delivery to the Lender by the Borrower prior to such removal of executed financing statements, amendments and other documents necessary to maintain the Security Interest as security interests granted under this Agreementhereunder.

Appears in 1 contract

Samples: Security Agreement (Compliance Systems Corp)

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Assignments, Records and Schedules of Accounts. Borrower Each Grantor shall keep accurate and complete records of its Accounts ("Account Records") and from time to time, time at intervals designated by Lender, Borrower the Collateral Agent for the benefit of the Purchasers such Grantor shall provide Lender the Collateral Agent for the benefit of the Purchasers with a schedule (each, a “Schedule of Accounts”) of Account Records Accounts in form and substance reasonably acceptable to Lender the Collateral Agent for the benefit of the Purchasers describing all Collateral Accounts created or acquired by Borrowersuch Grantor ("Schedule of Accounts"); provided, however, that Borrower’s such Grantor's failure to execute and deliver any such Schedule of Accounts shall not affect or limit the Security Interest security interest or Lender's other rights in and to any Accounts of the Collateral Agent for the benefit of Lenderthe Purchasers. If requested by Lenderthe Collateral Agent for the benefit of the Purchasers, Borrower each Grantor shall furnish Lender the Collateral Agent for the benefit of the Purchasers with copies of proof of delivery and other documents relating to the Collateral Accounts so scheduled, including, including without limitation, limitation repayment histories and present status reports (collectively, "Account Documents") and such other matter and information relating to the status of then existing Accounts as the Collateral as Lender Agent for the benefit of the Purchasers shall reasonably request. Borrower No Grantor shall not remove any Account Records or Account Documents or change its chief executive offices from the address locations set forth on Schedule in Exhibit A to this Agreement hereto without 30 days days' prior written notice to Lender the Collateral Agent for the benefit of the Purchasers as provided in section 16 Section 29 hereof and delivery to Lender the Collateral Agent for the benefit of the Purchasers by Borrower the applicable Grantor prior to such removal of executed financing statements, amendments and other documents necessary in the determination of the Collateral Agent for the benefit of the Purchasers to maintain the Security Interest as security interests granted under this Agreementhereunder.

Appears in 1 contract

Samples: Security Agreement (Senetek PLC /Eng/)

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