Common use of Maintenance of Purchased Receivable Records Clause in Contracts

Maintenance of Purchased Receivable Records. (a) The Servicer shall: (i) procure that the Purchased Receivable Records are kept in safe custody in accordance with its Customary Operating Practices; (ii) not without the prior written consent of the Security Trustee part with possession, custody or control of the Purchased Receivable Records otherwise than to a solicitor or to a sub-contractor (and then on such terms as the Security Trustee may reasonably require) or pursuant to any applicable laws, regulations, judgments and other directions or orders to which it may be subject or otherwise as is necessary to enforce a claim against an Obligor; (iii) not destroy, and shall procure that the Purchased Receivable Records are not destroyed, otherwise than in accordance with its Customary Operating Practices and any applicable laws, regulations, judgments and other directions or orders to which it may be subject from time to time unless all Purchased Receivables and other sums payable under the relevant Financing Contract have been paid in full, and all obligations relating to the relevant Financing Contract have been discharged; (iv) inform the Issuer and the Security Trustee of the location at which the Purchased Receivable Records are kept as at the Closing Date and promptly notify the Issuer and the Security Trustee of any changes to such location effected after the Closing Date; (v) keep the Purchased Receivable Records in a form as will enable the terms of the Financing Contracts to be enforced; (vi) keep the Purchased Receivable Records in such manner as to ensure each is uniquely identifiable and distinguishable, by a reference number, from the records and other documents which relate to other agreements which are held by or on behalf of the Servicer; (vii) keep the Purchased Receivable Records so that each relevant file in relation to a Financing Contract is distinctively and uniquely marked with a reference number; and (viii) keep an index of all such reference numbers on the relevant computer.

Maintenance of Purchased Receivable Records. (a) The Servicer shall: (i) procure that the Purchased Receivable Records are kept in safe custody in accordance with its Customary Operating Practices; (ii) not without the prior written consent of the Security Trustee part with possession, custody or control of the Purchased Receivable Records otherwise than to a solicitor or to a sub-contractor (and then on such terms as the Security Trustee may reasonably require) or pursuant to any applicable laws, regulations, judgments and other directions or orders to which it may be subject or otherwise as is necessary to enforce a claim against an Obligor; (iii) not destroy, and shall procure that the Purchased Receivable Records are not destroyed, otherwise than in accordance with its Customary Operating Practices and any applicable laws, regulations, judgments and other directions or orders to which it may be subject from time to time unless all Purchased Receivables and other sums payable under the relevant Financing Contract have been paid in full, and all obligations relating to the relevant Financing Contract have been discharged; (iv) inform the Issuer and the Security Trustee of the location at which the Purchased Receivable Records are kept as at the Closing Date and promptly notify the Issuer and the Security Trustee of any changes to such location effected after the Closing Date; (v) keep the Purchased Receivable Records in a form as will enable the terms of the Financing Contracts to be enforced; (vi) keep the Purchased Receivable Records in such manner as to ensure each is uniquely identifiable and distinguishable, by a reference number, from the records and other documents which relate to other agreements which are held by or on behalf of the Servicer; (vii) keep the Purchased Receivable Records so that each relevant file in relation to a Financing Contract is distinctively and uniquely marked with a reference number; and (viii) keep an index of all such reference numbers on the relevant computer.