Common use of Keeping of Records and Books of Account; Delivery; Location of Records Clause in Contracts

Keeping of Records and Books of Account; Delivery; Location of Records. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables and Related Security in the event of the destruction of the originals thereof, backing up on at least a daily basis on a separate backup computer from which electronic file copies can be readily produced and distributed to third parties being agreed to suffice for this purpose), and keep and maintain, or cause to be kept and maintained, all documents, books, records and other information necessary or advisable (i) for the collection of all Pool Receivables and Related Security (including records adequate to permit the daily identification of each new Pool Receivable and all Collections of and adjustments to each existing Pool Receivable received, made or otherwise processed on that day) and (ii) to identify and track sales with respect to Excluded Receivables and collections of all Excluded Receivables and related security with respect thereto (including records adequate to permit the daily identification of each new Excluded Receivable and all collections of and adjustments to each existing Excluded Receivable received, made or otherwise processed on that day). At any time during the continuation of an Event of Default, upon the request of the Administrative Agent, deliver the originals of all Contracts to the Administrative Agent or its designee, together with electronic and other files applicable thereto, and other Records necessary to enforce the related Receivable against any Obligor thereof.

Keeping of Records and Books of Account; Delivery; Location of Records. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables and Related Security in the event of the destruction of the originals (if any) thereof, backing up on at least a daily regular basis on a separate backup computer from which electronic file copies can be readily produced and distributed to third parties being agreed to suffice for this purpose), and keep and maintain, or cause to be kept and maintainedmaintained (or transferred to Servicer), all documents, books, records and other information necessary or advisable (i) for the collection of all Pool Receivables and Related Security (including records adequate to permit the daily identification on a regular basis consistent with the Servicer’s policies and procedures (which are consistent with policies and procedures customary for companies engaged in the same or similar businesses as the Servicer) of each new Pool Receivable and all Collections of and adjustments to each existing Pool Receivable received, made or otherwise processed on that day) and (ii) to identify and track sales with respect to Excluded Receivables and collections of all Excluded Receivables and related security with respect thereto (including records adequate to permit the daily identification of each new Excluded Receivable and all collections of and adjustments to each existing Excluded Receivable received, made or otherwise processed on that dayprocessed). At any time during the continuation of an Event of DefaultTermination, upon the request of the Administrative Agent, deliver or cause the Servicer to deliver the originals (if any) of all Contracts to the Administrative Agent or its designee, together with electronic and other files applicable thereto, and other Records necessary to enforce the related Pool Receivable against any Obligor thereof.

Keeping of Records and Books of Account; Delivery; Location of Records. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables and Related Security in the event of the destruction of the originals thereof, backing up on at least a daily basis on a separate backup computer from which electronic file copies can be readily produced and distributed to third parties being agreed to suffice for this purpose), and keep and maintain, or cause to be kept and maintained, all documents, books, records and other information necessary or advisable (i) for the collection of all Pool Receivables and Related Security (including records adequate to permit the daily identification of each new Pool Transferred Receivable and all Collections of and adjustments to each existing Pool Receivable received, made or otherwise processed processed) on that day) and (ii) to identify and track sales with respect to Excluded Receivables and collections of all Excluded Receivables and related security with respect thereto (including records adequate to permit or before the daily identification of each new Excluded Receivable and all collections of and adjustments to each existing Excluded Receivable received, made or otherwise processed on that day)applicable Collection Sweep Date. At any time during the continuation of an Unmatured Initial Servicer Default, Initial Servicer Default, Unmatured Event of Default or an Event of Default, upon the request of the Administrative Agent, deliver the copies or originals of all Contracts to the Administrative Agent or to the Back-up Servicer or a successor Servicer at its designeedirection, together with electronic and other files applicable thereto, and other Records necessary to enforce the related Pool Receivable against any Obligor thereof. Notwithstanding the foregoing, with respect to the Protected Contracts, this covenant is subject to the provisions of Section 8.09 of the Loan and Security Agreement.