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

Keeping of Records and Books of Account; Delivery. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables, the Related Assets and the Service Charge Receivables 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 for the collection of the Pool Receivables and Related Assets (including records adequate to permit the daily identification of (i) each new Pool Receivable, all Collections relating to each Pool Receivable and adjustments to each existing Pool Receivable received, made or otherwise processed on that day, and (ii) the portion of the amounts received from each Obligor that constitute Collections on the related Pool Receivables and the portion that relates to Collections in respect of Service Charge Receivables in order to effect the priority of payments set forth in the related Contracts).

Appears in 3 contracts

Samples: Receivables Financing Agreement (ADT Inc.), Receivables Financing Agreement (ADT Inc.), Receivables Financing Agreement (ADT Inc.)

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Keeping of Records and Books of Account; Delivery. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables, the Related Assets and the Service Charge Receivables Lease Devices 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 maintainedmaintained (or transferred to Servicer), all documents, books, records, records and other information necessary or advisable for (i) the collection of the Pool Receivables and all Receivables, Related Assets and Lease Devices (including records adequate to permit the daily identification of (i) each new Pool Receivable, Receivable and all Collections relating to each Pool Receivable of and adjustments to each existing Pool Receivable received, made or otherwise processed on that day), and (ii) the identification of the portion of the amounts Collections received from each Obligor that constitute represent (x) Collections on the related Pool Receivables of an ISC Receivable from such Obligor, (y) Collections of an SCC Receivable from such Obligor and the portion that relates to (z) Collections in respect of Service Charge Receivables in order to effect the priority of payments set forth in the related Contracts)a Lease Receivable from such Obligor.

Appears in 2 contracts

Samples: Receivables Sale and Contribution Agreement (SPRINT Corp), Receivables Sale and Contribution Agreement (SPRINT Corp)

Keeping of Records and Books of Account; Delivery. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables, the Related Assets and the Service Charge Receivables Lease Devices 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 maintainedmaintained (or transferred to Servicer), all documents, books, records, records and other information necessary or advisable for (i) the collection of the Pool Receivables and all Receivables, Related Assets and Lease Devices (including records adequate to permit the daily identification of (i) each new Pool Receivable, Receivable and all Collections relating to each Pool Receivable of and adjustments to each existing Pool Receivable received, made or otherwise processed on that day), and (ii) the identification of the portion of the amounts Collections received from each Obligor that constitute represent (w) Collections on the related Pool Receivables of an ISC Receivable from such Obligor, (x) Collections of an SCC Receivable from such Obligor, (y) Collections of a Lease Receivable from such Obligor, and the portion that relates to (z) Collections in respect of Service Charge Receivables in order to effect the priority of payments set forth in the related Contracts)an MTM Lease Receivable from such Obligor.

Appears in 2 contracts

Samples: Receivables Sale and Contribution Agreement (SPRINT Corp), Receivables Sale and Contribution Agreement (SPRINT Corp)

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Keeping of Records and Books of Account; Delivery. Maintain and implement, or cause to be maintained and implemented, administrative and operating procedures (including an ability to recreate records evidencing the Pool Receivables, the Related Assets and the Service Charge Receivables 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 for the collection of the Pool Receivables and Related Assets (including records adequate to permit the daily identification of (i) each new Pool Receivable, all Collections relating to each Pool Receivable and adjustments to each existing Pool Receivable received, made or otherwise processed on that day, and (ii) the portion of the amounts received from each Obligor that constitute Collections on the related Pool Receivables and the portion that relates to Collections in respect of Service Charge Receivables in order to effect the priority of payments set forth in the related Contracts).

Appears in 1 contract

Samples: Receivables Purchase Agreement (ADT Inc.)

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