Common use of Place of Perfection; Records; Collection of Receivables Clause in Contracts

Place of Perfection; Records; Collection of Receivables. (a) Each Grantor shall keep its jurisdiction of organization, and originals of the Assigned Agreements to which such Grantor is a party and all originals of all chattel paper that evidence Receivables of such Grantor, at the location therefor specified in Section 8(a) or, upon 30 days’ prior written notice to the Collateral Agent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). Each Grantor shall hold and preserve its records relating to the Collateral, the Assigned Agreements and chattel paper and shall permit representatives of the Collateral Agent at any time during normal business hours to inspect and make abstracts from such records and other documents.

Appears in 5 contracts

Samples: Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc), Security Agreement (Itc Deltacom Inc)

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Place of Perfection; Records; Collection of Receivables. (a) Each Grantor shall will keep its jurisdiction of organization, and originals of the Assigned Agreements to which such Grantor is a party and all originals of all chattel paper that evidence Receivables of such Grantor, at the location therefor specified in Section 8(a) or, upon 30 days' prior written notice to the Collateral Agent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). Each Grantor shall will hold and preserve its records relating to the Collateral, the Assigned Agreements and chattel paper and shall will permit representatives of the Collateral Agent at any time during normal business hours to inspect and make abstracts from such records and other documents.

Appears in 1 contract

Samples: Security Agreement (Itc Deltacom Inc)

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Place of Perfection; Records; Collection of Receivables. (a) Each Grantor shall will keep its jurisdiction of organizationchief executive office, and originals of the Assigned Agreements to which such Grantor is a party and all originals of all chattel paper that evidence Receivables of such Grantor, at the location therefor specified in Section 8(a) or, upon 30 days' prior written notice to the Collateral Agent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). Each Grantor shall will hold and preserve its records relating to the Collateral, the Assigned Agreements and chattel paper and shall will permit representatives of the Collateral Agent at any time during normal business hours to inspect and make abstracts from such records and other documents.

Appears in 1 contract

Samples: Security Agreement (Itc Deltacom Inc)

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