Common use of Electronic Chattel Paper Clause in Contracts

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ai) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (bii) the authoritative copy identifies Agent Lender as the assignee of the record or records, (ciii) the authoritative copy is communicated to and maintained by Agent Lender or its designated custodian, (div) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentLender, (ev) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (fvi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor or Parent obtains or maintains any Electronic Chattel PaperPaper in an aggregate amount in excess of $100,000, such Loan Party Obligor or Parent, as applicable, shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent Lender as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent Lender or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentLender, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor Wave2Wave obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor Wave2Wave shall at all times create, store and assign the record or records comprising the the- Electronic Chattel Paper in such a manner that (ai) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (bii) the authoritative copy identifies Agent Lender as the assignee of the record or records, (ciii) the authoritative copy is communicated to and maintained by Agent the Lender or its designated custodian, (div) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentLender, (ev) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (fvi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any a Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ai) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (bii) the authoritative copy identifies Administrative Agent as the assignee of the record or records, (ciii) the authoritative copy is communicated to and maintained by the Administrative Agent or its designated custodian, (div) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Administrative Agent, (ev) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (fvi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel PaperPaper with an individual or aggregate value in excess of $500,000, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ai) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (bii) the authoritative copy identifies Agent as the assignee of the record or records, (ciii) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (div) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (ev) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (fvi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor Borrower obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor Borrower shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ai) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (bii) the authoritative copy identifies Agent Lender as the assignee of the record or records, (ciii) the authoritative copy is communicated to and maintained by Agent the Lender or its designated custodian, (div) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentLender, (ev) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (fvi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel PaperPaper having a value in excess of $250,000, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Agent, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel Paper, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent Lender as the assignee of the record or records, (c) the authoritative copy is communicated to and maintained by Agent Lender or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentLender, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Electronic Chattel Paper. To the extent that any Loan Party Obligor obtains or maintains any Electronic Chattel PaperPaper with an individual or aggregate value in excess of $500,000, such Loan Party Obligor shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (a) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided below, unalterable, (b) the authoritative copy identifies Agent Lender as the assignee of the record or records, (c) the authoritative copy is communicated to to, and maintained by Agent by, Lender or its designated custodian, (d) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of AgentXxxxxx, (e) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (f) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.