Common use of Maintenance of Records Generally Clause in Contracts

Maintenance of Records Generally. Each Grantor will keep and maintain at its own cost and expense complete and accurate records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. All Chattel Paper given to such Grantor with respect to any Accounts will be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Wachovia Bank, National Association, as Administrative Agent". For the Administrative Agent's and the Lenders' further security, each Grantor agrees that upon the occurrence and during the continuation of any Default or Event of Default, such Grantor shall deliver and turn over any such books and records directly to the Administrative Agent or its designee. Each Grantor shall permit any representative of the Administrative Agent to inspect such books and records in accordance with Section 9.11 of the Credit Agreement and will provide photocopies thereof to the Administrative Agent upon its reasonable request.

Appears in 1 contract

Samples: Security Agreement (Global Imaging Systems Inc)

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Maintenance of Records Generally. Each Such Grantor will keep and maintain at its own cost and expense complete and accurate records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. All Chattel Paper chattel paper given to such Grantor with respect to any Accounts will be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Wachovia Bank, First Union National AssociationBank of North Carolina, as Administrative Agent". For the Administrative Agent's and the Lenders' further security, each such Grantor agrees that upon the occurrence and during the continuation of any Default or Event of Default, such Grantor shall deliver and turn over any such books and records directly to the Administrative Agent or its designee. Each Such Grantor shall permit any representative of the Administrative Agent to inspect such books and records in accordance with Section 9.11 8.11 of the Amended and Restated Credit Agreement and will provide photocopies thereof to the Administrative Agent upon its reasonable request.

Appears in 1 contract

Samples: Security Agreement (Acc Corp)

Maintenance of Records Generally. Each Grantor will keep and maintain at its own cost and expense complete and accurate records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. All Chattel Paper chattel paper given to such Grantor with respect to any Accounts will be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Wachovia BankInvestors, National AssociationInc., as Administrative Agent". For the Administrative Agent's and the Lenders' further security, each Grantor agrees that upon the occurrence and during the continuation of any Default or Event of Default, such Grantor shall deliver and turn over any such books and records directly to the Administrative Agent or its designee. Each Grantor shall permit any representative of the Administrative Agent to inspect such books and records in accordance with Section 9.11 of the Credit Agreement and will provide photocopies thereof to the Administrative Agent upon its reasonable request.

Appears in 1 contract

Samples: Security Agreement (Choice One Communications Inc)

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Maintenance of Records Generally. Each Such Grantor will keep and maintain -------------------------------- at its own cost and expense complete and accurate records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. All Chattel Paper chattel paper given to such Grantor with respect to any Accounts will be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Wachovia Bank, First Union National AssociationBank of North Carolina, as Administrative Agent". For the Administrative Agent's and the Lenders' further security, each such Grantor agrees that upon the occurrence and during the continuation of any Default or Event of Default, such Grantor shall deliver and turn over any such books and records directly to the Administrative Agent or its designee. Each Such Grantor shall permit any representative of the Administrative Agent to inspect such books and records in accordance with Section 9.11 7.11 of the Credit Agreement and will provide photocopies thereof to the Administrative Agent upon its reasonable request.

Appears in 1 contract

Samples: Security Agreement (Acc Corp)

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