Common use of Maintenance and Safekeeping of the Receivables Files Clause in Contracts

Maintenance and Safekeeping of the Receivables Files. The Custodian will accurately maintain and keep current the Receivables Files, including any computer systems on which the Receivables Files are electronically stored, all in a manner that will permit the Servicer and the Issuer to comply with this Agreement and the Indenture Trustee to comply with the Indenture. The Custodian will act with reasonable care and in accordance with the Credit and Collection Policy in performing its duties as custodian. The Custodian will promptly take appropriate action to remedy any material failure on its part to hold the Receivables Files and maintain its computer systems as provided in this Agreement and will report to the Issuer and the Indenture Trustee any such material failure that it is unable to remedy within a reasonable time. The Custodian may destroy any document (other than the original Receivable or certificate of title) in any Receivable File and store such document in an electronic format in accordance with the Credit and Collection Policy.

Maintenance and Safekeeping of the Receivables Files. The Custodian will accurately maintain and keep current the Receivables Files, including any computer receivables systems on which the Receivables Files are electronically stored, all in a manner that will permit the Servicer and the Issuer to comply with this Agreement and the Indenture Trustee to comply with the Indenture. The Custodian will act with reasonable care and in accordance with the Credit and Collection Policy in performing its duties as custodian. The Custodian will promptly take appropriate action to remedy any material failure on its part to hold the Receivables Files and maintain its computer receivables systems as provided in this Agreement and will report to the Issuer and the Indenture Trustee any such material failure that it is unable to remedy within a reasonable time. The Custodian may destroy any document (other than the original Receivable or certificate of title) in any Receivable File and store such document in an electronic format in accordance with the Credit and Collection Policy.

Maintenance and Safekeeping of the Receivables Files. The Custodian will accurately maintain and keep current the Receivables Files, including any computer receivables systems on which the Receivables Files are electronically stored, all in a manner that will permit the Servicer and the Issuer to comply with this Agreement and the Indenture Trustee to comply with the Indenture. The Custodian will act with reasonable care and in accordance with the Credit and Collection Policy in performing its duties as custodian. The Custodian will promptly take appropriate action to remedy any material failure on its part to hold the Receivables Files and maintain its computer receivables systems as provided in this Agreement and will report to the Issuer and the Indenture Trustee any such material failure that it is unable to remedy within a reasonable time. The Custodian may destroy any document (other than the original Receivable or certificate of title) in any Receivable File and store such the document in an electronic format in accordance with the Credit and Collection Policy.