Common use of Keeping of Records and Books Clause in Contracts

Keeping of Records and Books. Such Originator will maintain, implement and keep (i) administrative and operating procedures (including an ability to recreate records evidencing Receivables and related Contracts if originals are destroyed) and (ii) all documents, books, records, computer tapes, disks and other information reasonably necessary or advisable for collection of the Receivables originated by such Originator (including records adequate to permit the daily identification of each new such Receivable and all Collections of, and adjustments to, each existing such Receivable). Such Originator will give the Company and the Administrator prior notice of any change in such administrative and operating procedures that causes them to be materially different from the procedures of such Originator as of the Closing Date.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Avantor, Inc.), Purchase and Sale Agreement (Avantor, Inc.), Purchase and Sale Agreement (VWR Funding, Inc.)

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Keeping of Records and Books. Such Originator will maintain, implement have and keep maintain (i) administrative and operating procedures (including an ability to recreate records evidencing Receivables and related Contracts if originals are destroyed) and ), (ii) adequate facilities, personnel and equipment and (iii) all documents, books, records, computer tapes, disks records and other information reasonably necessary or advisable for the collection of the Receivables originated by such Originator (including records adequate to permit the daily identification of each new such Receivable and all Collections of, and adjustments to, each existing such Receivable). Such Originator will give the Company Company, the Administrative Agent and the Administrator each Purchaser prior notice of any change in such administrative and operating procedures that causes them to be materially different from the procedures of described to the Company, the Administrative Agent and each Purchaser on or before the date hereof as such Originator as of the Closing DateOriginator’s then existing or planned administrative and operating procedures for collecting Receivables.

Appears in 2 contracts

Samples: Receivables Purchase Agreement and Purchase and Sale Agreement (Armstrong World Industries Inc), Purchase and Sale Agreement (Armstrong World Industries Inc)

Keeping of Records and Books. Such TheEach Originator will maintain, implement have and keep maintain (i) administrative and operating procedures (including an ability to recreate records evidencing Receivables and related Contracts if originals are destroyed) and ), (ii) adequate facilities, personnel and equipment and (iii) all documents, books, records, computer tapes, disks records and other information reasonably necessary or advisable for collection of the Receivables originated by such thesuch Originator (including records adequate to permit the daily identification of each new such Receivable and all Collections of, and adjustments to, each existing such Receivable). Such TheEach Originator will give the Company and Company, the Administrator and each Purchaser Agent prior notice of any change in such administrative and operating procedures that causes them to be materially different from the procedures of such Originator described to the Company, the Administrator and each Purchaser Agent on or before the date hereof as of the Closing Datethesuch Originator’s then existing or planned administrative and operating procedures for collecting Receivables.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Owens Corning)

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Keeping of Records and Books. Such Originator will maintain, implement have and keep maintain (i) administrative and operating procedures (including an ability to recreate records evidencing Receivables and related Contracts if originals are destroyed) and ), (ii) adequate facilities, personnel and equipment and (iii) all documents, books, records, computer tapes, disks records and other information reasonably necessary or advisable for collection of the Receivables originated by such Originator (including records adequate to permit the daily identification of each new such Receivable and all Collections of, and adjustments to, each existing such Receivable). Such Originator will give the Company and Company, the Administrator and each Purchaser Agent at least 30 days’ prior written notice of any change in such administrative and operating procedures that causes them to be materially different from the procedures of described to the Company, the Administrator and each Purchaser Agent on or before the date hereof as such Originator as of the Closing DateOriginator’s then existing or planned administrative and operating procedures for collecting Receivables.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Triumph Group Inc)

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