Maintenance of Computer Systems. The Seller shall maintain its computer systems so that, from and after the time of sale hereunder of the Receivables to the Purchaser, the Seller's master computer records (including any back-up archives) that refer to a Receivable shall indicate clearly the interest of the Purchaser in such Receivable and that such Receivable is owned by the Purchaser. Indication of the Purchaser's ownership of a Receivable shall be deleted from or modified on the Seller's computer systems when, and only when, the Receivable shall have been paid in full or repurchased.
Appears in 4 contracts
Samples: Purchase Agreement (Consumer Portfolio Services Inc), Form of Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)
Maintenance of Computer Systems. The Each Seller shall maintain its computer systems so that, from and after the time of sale hereunder of the Receivables by it to the PurchaserIssuer, the such Seller's master computer records (including any back-up archives) that refer to a any such Receivable shall indicate clearly the interest of the Purchaser Issuer and the Trustee in such Receivable and that such Receivable is owned by the PurchaserIssuer. Indication of the PurchaserIssuer's ownership of a such Receivable shall be deleted from or modified on the such Seller's computer systems when, and only when, the such Receivable shall have been paid in full or repurchased.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc)
