Common use of Offices, Records and Books of Account Clause in Contracts

Offices, Records and Books of Account. It will keep its principal place of business and chief executive office and the office where it keeps its records concerning the Accounts at the address set forth under its name on the signature pages to the Agreement and as set forth on Schedule III hereto or, upon 30 days' prior Written Notice to the Purchaser, at any other locations in jurisdictions where all actions reasonably requested by the Purchaser or otherwise necessary to protect, perfect and maintain the Purchaser's security interest in the Accounts have been taken and completed. It shall keep its books and accounts in accordance with generally accepted accounting principles and shall make a notation on its books and records, including any computer files, to indicate which Receivables have been sold to the Purchaser and the security interest of the Purchaser in its Accounts not sold to the Purchaser. It shall maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables and related contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for collecting all Batch Receivables (including, without limitation, records adequate to permit the daily identification of each Batch Receivable and all Collections of and adjustments to each existing Batch Receivable) and for providing the Receivable Information.

Appears in 2 contracts

Samples: Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc), Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc)

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Offices, Records and Books of Account. It will keep its principal place of business and chief executive office and the office where it keeps its records concerning the Accounts at the address set forth under its name on the signature pages to the this Agreement and as set forth on Schedule III hereto or, upon 30 days' prior Written Notice to the PurchaserCompany and the Lender, at any other locations in jurisdictions where all actions reasonably requested by the Purchaser Company and the Lender or otherwise necessary to protect, perfect and maintain the PurchaserCompany's security interest in the Accounts have been taken and completed. It shall keep its books and accounts in accordance with generally accepted accounting principles and shall make a notation on its books and records, including any computer files, to indicate which Receivables Accounts have been sold or contributed to the Purchaser Company and the security interest of the Purchaser Company in its Accounts not sold or contributed to the PurchaserCompany. It shall maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables Accounts and related contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for collecting all Batch Receivables Accounts (including, without limitation, records adequate to permit the daily identification of each Batch Receivable Account and all Collections of and adjustments to each existing Batch ReceivableAccount) and for providing the Receivable Account Information.

Appears in 1 contract

Samples: Originator Purchase and Contribution Agreement (National Diagnostics Inc)

Offices, Records and Books of Account. It The Borrower will keep its principal place of business and chief executive office and the office where it keeps its records concerning the Accounts Receivables at the address of the Borrower set forth under its name on the signature pages page to the Agreement and as set forth on Schedule III hereto or, upon 30 days' prior Written Notice to the PurchaserLender, at any other locations in jurisdictions where all actions reasonably requested by the Purchaser Lender or otherwise necessary to protect, protect and perfect and maintain the PurchaserLender's security interest in the Accounts Receivables and all proceeds thereof have been taken and completed. It The Borrower shall keep its books and accounts in accordance with generally accepted accounting principles GAAP and shall make a notation on its books and records, including any computer files, to indicate which Receivables have been sold assigned as security to the Purchaser and Lender and, to the extent not sold or transferred, the security interest of the Purchaser Lender in its the Borrower's Accounts not sold assigned to the PurchaserLender. It The Borrower shall maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables and related contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for collecting all Batch Receivables (including, without limitation, records adequate to permit the daily identification of each Batch Receivable and all Collections of and adjustments to each existing Batch Receivable) and for providing the Receivable Information.

Appears in 1 contract

Samples: Loan and Security Agreement (Mim Corp)

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Offices, Records and Books of Account. It The Borrower will keep its principal place of business and chief executive office and the office where it keeps its records concerning the Accounts Receivables at the address of the Borrower set forth under its name on the signature pages page to the Agreement and as set forth on Schedule III hereto or, upon 30 days' prior Written Notice to the PurchaserLender, at any other locations in jurisdictions where all actions reasonably requested by the Purchaser Lender or otherwise necessary to protect, protect and perfect and maintain the PurchaserLender's security interest in the Accounts Receivables have been taken and completed. It The Borrower shall keep its books and accounts in accordance with generally accepted accounting principles and shall make a notation on its books and records, including any computer files, to indicate which Receivables have been sold assigned as security to the Purchaser Lender and the security interest of the Purchaser Lender in its the Borrower's Accounts not sold assigned to the PurchaserLender. It The Borrower shall maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables and related contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for collecting all Batch Receivables (including, without limitation, records adequate to permit the daily identification of each Batch Receivable and all Collections of and adjustments to each existing Batch Receivable) and for providing the Receivable Information.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Care of America Inc)

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