Common use of Offices and Records Clause in Contracts

Offices and Records. ACFS and the Borrowers will permit representatives of the Revolver Collateral Agent, the Facility Representatives and the Master Collateral Agent, at the expense of ACFS in the case of one visit per year, at any time and from time to time during normal business hours (i) to inspect and make copies of and abstracts from its records regarding the Collateral and Designated Term Series, and (ii) to visit the properties of the Borrowers or ACFS utilized in connection with the servicing of the Designated Term Series for the purpose of examining such records, and to discuss matters relating to the Designated Term Series or the Borrowers' or ACFS' performance under this Agreement with any officer or employee of the Borrowers or ACFS having knowledge of such matters, provided that the Person seeking such information has given the Borrowers or ACFS prior written notice of its intent to inspect or visit and provided, further that no such Person shall so inspect or visit the Borrowers or ACFS more frequently than once per quarter unless a Default or an Event of Default has occurred and is continuing or ACFS otherwise consents to such additional inspection or visit. If a Default or Event of Default has occurred and is continuing, such inspection or visit shall be at the expense of the Borrowers. Each of the Borrowers and ACFS agrees to render to the Revolver Collateral Agent and the Master Collateral Agent such clerical and other assistance as may be reasonably requested with regard to the foregoing. Neither Borrower shall change its name, identity or corporate structure to such an extent that any financing statement filed by the Master Collateral Agent in connection with this Agreement would become seriously misleading, unless it shall have given the Master Collateral Agent and the Revolver Collateral Agent at least 30 days' prior written notice of such change.

Appears in 2 contracts

Samples: Trust Agreement (Americredit Corp), Collateral and Intercreditor Agreement (Americredit Financial Services Inc)

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Offices and Records. ACFS shall cause the Borrower to keep its chief place of business and chief executive offices and the Borrowers will permit representatives office where it keeps its records at the location specified in SECTION 4.01 of the Revolver Collateral AgentCredit Agreement or, upon 30 days prior written notice to the Facility Representatives Agent and the Master Lender Collateral Agent, at such other location in a jurisdiction where all action required by SECTION 5(d) shall have been taken with respect to the expense Borrower Collateral. ACFS will permit, and will cause the Borrower to permit, representatives of ACFS in the case of one visit per year, Agent and the Lender Collateral Agent at any time and from time to time during normal business hours (i) to inspect and make copies of and abstracts from its records regarding the Collateral and Designated Term Seriessuch records, and (ii) to visit the properties of the Borrowers Borrower or ACFS utilized in connection with the servicing of the Designated Term Series for the purpose of examining such records, and to discuss matters relating to the Designated Term Series or the Borrowers' Borrower's or ACFS' performance under this Agreement and the other Transaction Documents with any officer or employee of the Borrowers Borrower or ACFS having knowledge of such matters, provided PROVIDED that the Person seeking such information has given the Borrowers Borrower or ACFS prior written notice of its intent to inspect or visit and providedPROVIDED, further FURTHER that no such Person shall so inspect or visit the Borrowers Borrower or ACFS more frequently than once per quarter unless a Default or an Facility Maturity Event of Default has occurred and is continuing or ACFS otherwise consents to such additional inspection or visit. If a Default or Event of Default has occurred and is continuing, such inspection or visit shall be at the expense of the Borrowers. Each of the Borrowers and ACFS agrees to render render, and to cause the Borrower to render, to the Revolver Collateral Agent and the Master Lender Collateral Agent such clerical and other assistance as may be reasonably requested with regard to the foregoing. Neither ACFS shall cause the Borrower shall not to change its name, identity or corporate structure to such an extent that any financing statement filed by the Master Lender Collateral Agent in connection with this Agreement would become seriously misleading, unless it shall have given the Master Lender Collateral Agent and the Revolver Collateral Agent at least 30 days' prior written notice of such change.

Appears in 1 contract

Samples: Security and Collateral Agent Agreement (Americredit Corp)

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Offices and Records. Each of ACFS and the Borrowers will permit representatives of the Revolver Collateral Agent, the Facility Representatives and the Master Collateral Agentpermit, at the expense of ACFS in ACFS, representatives of the case of one visit per yearAdministrative Agent, the Agents and the Lender Collateral Agent at any time and from time to time during normal business hours (i) to inspect and make copies of and abstracts from its records regarding the Revolver Collateral and Designated Term Series, and (ii) to visit the properties of the Borrowers or ACFS utilized in connection with the servicing of the Designated Term Series for the purpose of examining such records, and to discuss matters relating to the Designated Term Series or the Borrowers' or ACFS' performance under this Agreement and the other Transaction Documents with any officer or employee of the Borrowers or ACFS having knowledge of such matters, provided that the Person seeking such information has given the Borrowers or ACFS prior written notice of its intent to inspect or visit and provided, further that no such Person shall so inspect or visit the Borrowers or ACFS more frequently than once per quarter unless a Default or an Event of Default has occurred and is continuing or ACFS otherwise consents to such additional inspection or visit. If a Default or Event of Default has occurred and is continuing, such inspection or visit shall be at the expense of the Borrowers. Each of ACFS and the Borrowers and ACFS agrees agree to render to the Revolver Collateral Administrative Agent and the Master Lender Collateral Agent such clerical and other assistance as may be reasonably requested with regard to the foregoing. Neither Borrower shall Each of the Borrowers agrees not to change its name, identity or corporate structure to such an extent that any financing statement filed by the Master Lender Collateral Agent in connection with this Agreement would become seriously misleadingmisleading or change the jurisdiction in which it is organized, unless it shall have given the Master Lender Collateral Agent and the Revolver Collateral Administrative Agent at least 30 days' prior written notice of such change.

Appears in 1 contract

Samples: Americredit Financial Services Inc

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