Common use of Keeping Records Clause in Contracts

Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated by it). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Albany International Corp /De/), Purchase and Sale Agreement (Arvinmeritor Inc), Purchase and Sale Agreement (Arvinmeritor Inc)

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Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated by itReceivable). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Hunt J B Transport Services Inc), Purchase and Sale Agreement (Great Plains Energy Inc), Purchase and Sale Agreement (Swift Transportation Co Inc)

Keeping Records. (i) Each Such Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records necessary to service outstanding Receivables and prepare reports required by the Transaction Documents if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information reasonably necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each Obligor, each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated and to effect the settlements contemplated by itthis Agreement). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Sirva Inc), Purchase and Sale Agreement (Sirva Inc)

Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records if originals are destroyed), (B) adequate facilities, personnel and equipment (which may be arranged through joint operating, service or similar agreements with affiliates) and (C) all Records and other information necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated by itReceivable). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Great Plains Energy Inc)

Keeping Records. (i) Each The Borrower will, and will cause each Originator will to, have and maintain (A) administrative and operating procedures (including an ability to recreate Records if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated by itReceivable). Each Originator The Borrower will give Buyer the Agent and each Lender Agent prior notice of any material change in such administrative and operating procedures.

Appears in 1 contract

Samples: Receivables Loan Agreement (Agere Systems Inc)

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Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records necessary to service outstanding Receivables and prepare reports required by the Transaction Documents if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information reasonably necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each Obligor, each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated and to effect the settlements contemplated by itthis Agreement). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sirva Inc)

Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records records if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records books, records and other information necessary or advisable for collecting the Receivables Accounts originated by it (including Records books and records adequate to permit the immediate identification of each new Receivable Account originated by it and all Collections of, and adjustments to, each existing Receivable Account originated by it). Each Originator will give Buyer prior notice of any material change in such administrative operating procedures.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arvinmeritor Inc)

Keeping Records. (i) Each Originator will have and maintain (A) administrative and operating procedures (including an ability to recreate Records if originals are destroyed), (B) adequate facilities, personnel and equipment and (C) all Records and other information necessary or advisable for collecting the Receivables originated by it (including Records adequate to permit the immediate identification of each new Receivable originated by it and all Collections of, and adjustments to, each existing Receivable originated by itReceivable). Each Originator will give Buyer prior notice of any material change in such administrative operating proceduresprocedures which will have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tronox Inc)

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