Maintenance ofRecords. 7 During the term of this Agreement and for ten (10) years following termination or expiration of this 8 Agreement, or if any audit, claim, litigation, or other legal action involving the records set forth below 9 is started before expiration of the ten (10) year period, the records shall be maintained until 10 completion and resolution of all issues arising therefrom or until the end of the ten (10) year period, 11 whichever is later. Contractor shall maintain records sufficient to:
Maintenance ofRecords. During the term of the Services and for aperiod of 10 (ten) years from expiration or termination of this Agreement for any reason whatsoever, theContractor shall keep and maintain clear, adequate, and accurate records anddocumentation evidencing, to the reasonable satisfaction of the Company, that the Services have been carriedout in accordancewith the Agreement. In case of on- going audits, appeals, litigation or pursuit of claims concerning the grant, including in the case of correction of systemic or recurrent errors, irregularities, fraud or breach of obligations, the recorsdshall be kept and maintained longer.
Maintenance ofRecords. Debtor will n1aiutainfull a.11d accurate books of account and other records reflecting the Collateral. Secured Party shall have d1tHight, al reasonable times and upon reasonable notice, to review, inspect and make copies of Debtor's books of account and reco£ds concetuing c!Je Collateral, all of which shall be maintained and made available lo Secured Party and Secured Party's rcpre~entatives for such purpose at the Debtor's place of busiuess heJein above specified or at another focation as Secured Party may approve. At any time aud from time to time, Debtor shall deliver to Secured Party such otber financial data as Party shall 1·eguest.with respect to the ownership, lllaintenance; use and operation oftbe Collateral. ARTlCLElU. PROVISIONS REGARDlNG ACCOUNTS 3,01 Accounts, The tem1 "Account'', as used in this Security Agi-eemeru shall, in addition to the provisions sel out above, have !he meaning set forth in the Code, it1 effect as of the date of execution he1'eof, ai1d as set forth iu auy atneudment to the Code to become effective after JNG22\AMERP AClFIC\ V ALUEEXCHANGE\h22308SeoAgr ... wpd 7 Se.Cunrrv AORl:.EMl!NT the elate of execution hereof. As of the tlme any .Account becomes. subject to .the Security Inte1cests,Debtor shalt be deemed to have warranted as. to each 1u1d all of the Accounts that: A, Each Account and all papers and docume1its relating thereto are genuine and in all respects w110L fhey pW'port to be~ B, Bach Account is valid and subsist!t,g aud arises out of a bona fide sale 01' lease of' goods. or other property sold and delivered to, or out of and for services theretofore actually Jendered by Debtor to1 the account debtor named in the Accou1,t; C. The amount of the Account represented as owing is thecon·ectamouot actually and uucoudition~lly owing except for normal cash discounts and is not subject to any right of set off, credits. claims, defenses, deductions; claims it1 recoupment or counter charges; a1td, D. Debtor is the ownet' of the Account free aiJd, clear of all liens, encumbrances and security interests ofa1ty and every nature whatsoever. 3 .02
