Common use of Keeping Records Clause in Contracts

Keeping Records. (i) 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 (including Records adequate to permit the immediate identification of each Obligor, each new Receivable and all Collections of, and adjustments to, each existing Receivable and to effect the settlements contemplated by this Agreement). (ii) Such Originator will, at all times from and after the date hereof, clearly and conspicuously xxxx (x) its files containing the Relocation Services Agreements and the Relocating Employee Contracts, and (y) its computer and master data processing books and records, in each case with a legend describing Buyer’s interest therein.

Keeping Records. (i) 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 (including Records adequate to permit the immediate identification of each Obligor, each new Receivable and all Collections of, and adjustments to, each existing Receivable and to effect the settlements contemplated by this Agreement). (ii) Such Originator will, at all times from and after the date hereof, clearly and conspicuously xxxx (x) its files containing the Relocation Services Agreements and the Relocating Employee Contracts, and (y) its computer and master data processing books and records, in each case with a legend describing Buyer’s interest therein.

Keeping Records. (i) 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 (which may be arranged through joint operating, service or similar agreements with affiliates) and (C) all Records and other information reasonably necessary or advisable for collecting the Receivables (including Records adequate to permit the immediate identification of each Obligor, each new Receivable and all Collections of, and adjustments to, each existing Receivable and to effect the settlements contemplated by this AgreementReceivable). Originator will give Buyer prior notice of any material change in such administrative operating procedures. (ii) Such Originator will, will at all times from and after the date hereof, clearly and conspicuously xxxx (x) its files containing the Relocation Services Agreements and the Relocating Employee Contracts, and (y) its computer and master data processing books and records, in each case records with a legend describing Buyer’s ownership of, and in the alternative, security interest thereinin the Receivables and the Collections.