Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, will (and will cause each 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 timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller will (and will cause each Originator to) give the Agent and each Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Seller will (and will cause each Originator to) (A) on or prior to the date hereof, xxxx its master data processing records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Agent, describing the Purchaser Interests and (B) upon the request of the Agent (x) at any time, following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, xxxx each Contract with a legend describing the Purchaser Interests and (y) after the termination of Seller as Servicer or any Originator as sub-Servicer, deliver to the Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Johnsondiversey Inc), Receivables Purchase Agreement (Johnsondiversey Holdings Inc), Receivables Purchase Agreement (Johnsondiversey Holdings Inc)
Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, The Servicer will (and will cause each 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 Purchased Receivables (including, without limitation, records adequate to permit the timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller The Servicer will (and will cause each Originator the Originators to) give the Administrative Agent and each Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) Such Seller Party will (and will cause each Originator the Originators to) (A) on or prior to the date hereof, xxxx its master data processing records and other books and records relating to the Purchaser Interests purchased hereunder with a legend, acceptable to the Administrative Agent, describing the sale of such Purchaser 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 (x) or any Managing Agent at any time, time following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, (x) xxxx each Contract Invoice which constitutes chattel paper or an instrument with a legend describing the sale of the Purchaser Interests and (y) after the termination of Seller as Servicer or any Originator as sub-Servicer, deliver to the Administrative Agent copies of all Contracts and Invoices (including, without limitation, all multiple originals of any such ContractInvoice which constitutes chattel paper or an instrument) relating to the ReceivablesReceivables Assets.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (LKQ Corp), Receivables Purchase Agreement (LKQ Corp)
Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, The Servicer will (and will cause each 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller The Servicer will (and will cause each Originator to) give the Agent and each Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) Such Seller Party will (and will cause each Originator to) (A) on or prior to the date hereof, xxxx its master data processing records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Agent and the each Managing Agent, describing the Purchaser Interests and (B) upon the request of the Agent (with the consent or at the direction of the Required Financial Institutions) after an Amortization Event has occurred and is continuing (x) at any time, following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, xxxx each Contract with a legend describing the Purchaser Interests and (y) after the termination of Seller as Servicer or any Originator as sub-Servicer, deliver to the Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Timken Co), Receivables Purchase Agreement (Timken Co)
Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, Servicer will (and will cause Originator and each 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller Servicer will (and will cause Originator and each Originator Original Seller to) give the Administrative Agent and each Managing Agent the Agents notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) Such Seller Party will (and will cause Originator and each Originator Original Seller to) (A) on or prior to not later than the date hereof, xxxx its master data processing records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Administrative Agent, describing the Purchaser Interests and (B) upon the request of the Administrative Agent (x) at any time, following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, xxxx each Contract with a legend describing the Purchaser Interests and (y) at any time after the termination occurrence of Seller as Servicer or any Originator as sub-Servicera Potential Amortization Event, deliver to the Administrative Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Energizer Holdings Inc)
Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, Servicer will (and will cause Originator and each 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller Servicer will (and will cause Originator and each Originator Original Seller to) give the Administrative Agent and each Managing Agent the Agents notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) Such Seller Party will (and will cause Originator and each Originator Original Seller to) (A) on or prior to not later than the date hereof, xxxx mxxx its master data processing records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Administrative Agent, describing the Purchaser Interests and (B) upon the request of the Administrative Agent (x) at any time, following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, xxxx mxxx each Contract with a legend describing the Purchaser Interests and (y) at any time after the termination occurrence of Seller as Servicer or any Originator as sub-Servicera Potential Amortization Event, deliver to the Administrative Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Energizer Holdings Inc)
Keeping and Marking of Records and Books. (i) Seller, individually and in its capacity as the Servicer, will (and will cause each 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 Table of Contents information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Seller will (and will cause each Originator to) give the Agent and each Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence.
(ii) Seller will (and will cause each Originator to) (A) on or prior to the date hereof, xxxx its master data processing records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Agent, describing the Purchaser Interests and (B) upon the request of the Agent (x) at any time, following the occurrence of an Amortization Event, at which the Agent is considering the termination of Seller as Servicer, xxxx each Contract with a legend describing the Purchaser Interests and (y) after the termination of Seller as Servicer or any Originator as sub-Servicer, deliver to the Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Johnson Polymer Inc)