Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) The Servicer will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in the header section of its month-end accounts receivable aging, acceptable to the Administrative Agent, describing the Receivable Interests, and (B) upon the request of the Administrative Agent following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Pool Corp), Omnibus Amendment (Pool Corp)
Keeping and Marking of Records and Books. (i) The Servicer the Collection Agent will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer Collection Agent will (and will cause each Originator to) give the Administrative Agent and each of the Purchasers Purchaser notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Collection Agent will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in its books and records relating to the header section of its month-end accounts receivable agingReceivables, acceptable to the Administrative AgentAgent and each Purchaser, describing the Receivable Interests, Interests and (B) upon the request of the Administrative Agent or any of the Purchasers following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Borgwarner Inc), Receivables Purchase Agreement (Borgwarner Inc)
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers Agents and Xxxxx Fargo notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (and will cause each other Originator to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Receivables Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to each of the Administrative AgentAgents and Xxxxx Fargo, describing the Receivable Interests, Receivables Interests and (B) upon the request of any of the Administrative Agent Agents or Xxxxx Fargo following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts Invoices (including, without limitation, all multiple originals of any such invoiceInvoice) relating to the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Convergys Corp), Receivables Purchase Agreement (Convergys Corp)
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give the Agent and each of the Purchasers Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative AgentAgent and the Managing Agents, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following or any Managing Agent (x) xxxx each Contract with a legend describing the occurrence Purchaser Interests and during the continuation of an Amortization Event, (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Insight Enterprises Inc), Receivables Purchase Agreement (Insight Enterprises Inc)
Keeping and Marking of Records and Books. (i) The the Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate prompt identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in its books and records relating to the header section of its month-end accounts receivable agingReceivables, acceptable to the Administrative Agent, describing evidencing that the Receivable InterestsReceivables and related Contracts included in the Purchased Assets have been sold in accordance with the Agreement, and (B) upon the request of the Administrative Agent following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Sub-Servicer will (and will cause each other Originator the Originators to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Sub-Servicer will (and will cause each Originator the Originators to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator the Originators to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent at any time following the occurrence and during the continuation of an Amortization Event, (x) xxxx each Contract and Invoice with a legend describing the Purchaser Interests and (y) deliver to the Administrative Agent all invoices included in the Contracts and Invoices (including, without limitation, all multiple originals of any such invoiceContract and Invoice) relating to the Receivables.
Appears in 1 contract
Samples: Annual Report
Keeping and Marking of Records and Books. (i) The Servicer Collection Agent will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer Collection Agent will (and will cause each Originator to) give the Agent and each of the Purchasers Purchaser notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Collection Agent will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in its books and records relating to the header section of its month-end accounts receivable agingReceivables, acceptable to the Administrative AgentAgent and each Purchaser, describing the Receivable Interests, Interests and (B) upon the request of the Administrative Agent or any of the Purchasers following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Master Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Master Servicer will (and will cause each Originator to) give each of the Purchasers Agent and the Funding Agents notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following upon the occurrence and during the continuation of an Amortization Event or Potential Amortization Event, : (x) xxxx each Contract with a legend describing the Purchaser Interests and (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Ralcorp Holdings Inc /Mo)
Keeping and Marking of Records and Books. (i) The Servicer Collection Agent will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer Collection Agent will (and will cause each Originator to) give the Agent, the LC Bank and each of the Purchasers Purchaser notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Collection Agent will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in its books and records relating to the header section of its month-end accounts receivable agingReceivables, acceptable to the Administrative Agent, the LC Bank and each Purchaser, describing the Receivable Interests, Interests and (B) upon the request of the Administrative Agent Agent, the LC Bank or any of the Purchasers following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause Originator and each other Originator Original Seller to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause Originator and each Originator Original Seller to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause Originator and each other Originator Original Seller to) (A) on or prior to not later than the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following (x) xxxx each Contract with a legend describing the Purchaser Interests and (y) at any time after the occurrence and during the continuation of an a Potential Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Energizer Holdings Inc)
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers Agents and Wachovia notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (and will cause each other Originator to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Receivables Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to each of the Administrative AgentAgents and Wachovia, describing the Receivable Interests, Receivables Interests and (B) upon the request of any of the Administrative Agent Agents or Wachovia following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts Invoices (including, without limitation, all multiple originals of any such invoiceInvoice) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator the Transferors to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator the Transferors to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator the Transferors to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable InterestsPurchaser Interests (or, if any master data processing records cannot be marked with a legend, xxxx the related physical records with such a stamped legend no less frequently than monthly) and (B) upon the request of the Administrative Agent at any time following the occurrence and during the continuation of an Amortization Event, (x) xxxx each Invoice which constitutes chattel paper or an instrument with a legend describing the Purchaser Interests and (y) deliver to the Administrative Agent copies of all invoices included in the Contracts and Invoices (including, without limitation, all multiple originals of any such invoiceInvoice which constitutes chattel paper or an instrument) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer Servicers will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer Servicers will (and will cause each Originator to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence. The Agent hereby acknowledges that the Servicers have, on or prior to the Fourth Amendment Effective Date, given notice to the Agent of the changes in the administrative and operating procedures expected to occur in connection with each Specified Asset Sale (as defined in the Fourth Amendment) and the wind down of operations of and by the Provider Group and the Servicers.
(ii) The Servicer Such Seller Party will (and will cause each other Originator to) (A) on or prior xxxx its master data processing records and other books and records relating to the date hereof, make Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following the occurrence and during the continuation continuance of an Amortization Event, Event (x) xxxx each Writing or Contract with a legend describing the Purchaser Interests and (y) deliver to the Administrative Agent all invoices included in the Writings and Contracts (including, without limitation, all multiple originals of any such invoiceWriting or Contract) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (Seller will, and will cause each other the Transferor and the Originator to) , maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (Seller will, and will cause each the Transferor and the Originator to) , give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (Seller will, and will cause each other the Transferor and the Originator to) , (Aa) on or prior to the date hereof, make mark xxx master data processing records relating to the Receivable Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Interests and (Bb) upon the request of the Administrative Agent following (x) mark xxxh Contract with a legend describing the occurrence Receivable Interests and during the continuation of an Amortization Event, (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Bindley Western Industries Inc)
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other sub-servicer and each Originator to, with respect to the Receivables originated by such Originator) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate prompt identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each sub-servicer and each Originator to) give the Agent and each of the Purchasers Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator to, with respect to the Receivables originated by such Originator) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following (x) xxxx each related Contract constituting an instrument, chattel paper, or a certificated security under the occurrence UCC with a legend describing the Purchaser Interests and during the continuation of an Amortization Event, (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the ReceivablesReceivables of such Originator to the extent any such Contract constitutes an instrument, chattel paper or a certificated security under the UCC.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause Originator and each other Originator Original Seller to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause Originator and each Originator Original Seller to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause Originator and each other Originator Original Seller to) (A) on or prior to not later than the date hereof, make mxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following (x) mxxx each Contract with a legend describing the Purchaser Interests and (y) at any time after the occurrence and during the continuation of an a Potential Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Energizer Holdings Inc)
Keeping and Marking of Records and Books. (i) The Servicer will (Seller will, and will cause each other Originator require the Originators and the Servicer to) , maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (Seller will, and will cause each Originator require the Originators and the Servicer to) , give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (Seller will, and will cause each other Originator require the Originators and the Servicer to) : (Aa) on or prior to the date hereof, make xxxx its master data processing records and other books and records, if any, relating to the Receivable Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Interests and (Bb) upon the request of the Administrative Agent following the occurrence and during the continuation of an Amortization Event, : (A) xxxx each invoice with a legend describing the Receivable Interests and (B) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 1 contract
Samples: Receivable Interest Purchase Agreement (Federal Mogul Corp)
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give the Agent and each of the Purchasers Purchaser notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause each other Originator to) (A) on or prior to the date hereof, make xxxx its master data processing records and other books and records relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative AgentAgent and the Purchasers, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following or any Purchaser (x) xxxx each Contract with a legend describing the occurrence Purchaser Interests and during the continuation of an Amortization Event, (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause Originator and each other Originator Original Seller to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause Originator and each Originator Original Seller to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer Such Seller Party will (and will cause Originator and each other Originator Original Seller to) (A) on or prior to the date hereof, make mark its master data processing recxxxx and other books and records relating to the Pur chaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Interests, Purchaser Interests and (B) upon the request of the Administrative Agent following (x) mark each Contracx xxth a legend describing the occurrence Purchaser Interests and during the continuation of an Amortization Event, (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers Co-Agents notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) The Servicer will (and will cause each other Originator to) (A) on or prior to the date hereof, make a notation in the header section of its month-end accounts receivable aging, acceptable to the Administrative Agent, describing the Receivable Interests, and (B) upon the request of the Administrative Agent following the occurrence and during the continuation of an Amortization Event, deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoice) relating to the Receivables.
Appears in 1 contract
Keeping and Marking of Records and Books. (i) The Servicer will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The Servicer will (and will cause each Originator to) give each of the Purchasers Agent notice of any material change in the administrative and operating procedures referred to in the previous sentencesentence other than a change in the type of software used by the Servicer or such Originator.
(ii) The Servicer Such Seller Party will (and will cause or require each other Originator to) (A) on or prior to the date hereof, make mark its master data processing records and other books and rxxxxds relating to the Purchaser Interests with a notation in the header section of its month-end accounts receivable aginglegend, acceptable to the Administrative Agent, describing the Receivable Purchaser Interests, ; provided that such Seller Party shall have 30 days from the date hereof to mark the data processing records related to the Receivables axxxxng from the sale of advertising on television stations and (B) upon the request of the Administrative Agent following the occurrence and during the continuation of an Amortization Event, : (x) mark each Contract with a legend describing the Purchaser Intxxxxts and (y) deliver to the Administrative Agent all invoices included in the Contracts (including, without limitation, all multiple originals of any such invoiceContract) relating to the Receivables.
Appears in 1 contract