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

Place of Perfection; Records; Collection of Receivables. (a) The Grantor will not change its name, type of legal entity, federal tax identification number, organizational identification number or location from those set forth in Section 8(a) and (b) of this Agreement without first giving at least 30 days advance written notice to the Collateral Trustees and taking all action required by the Collateral Trustees for the purpose of perfecting or protecting the liens granted by this Agreement. Each Grantor will also keep the originals of the Assigned Agreements, and Related Contracts to which the Grantor is a party and all originals of all chattel paper that evidence Receivables of the Grantor, at the location therefor specified in Section 8(a) or, upon 30 days' prior written notice to the Collateral Trustees, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of the Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). The Grantor will hold and preserve its records relating to the Collateral, the Assigned Agreements, the Related Contracts and chattel paper and will permit representatives of the Collateral Trustees at any time during normal business hours and with reasonable prior notice to inspect and make abstracts from such records and other documents.

Appears in 2 contracts

Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Shared Collateral Security Agreement (Pacificare Health Systems Inc /De/)

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Place of Perfection; Records; Collection of Receivables. (a) The Each Grantor will not change its name, type of legal entity, federal tax identification number, organizational identification number or location from those set forth in Section 8(a) and (b) of this Agreement without first giving at least 30 30-days advance written notice to the Collateral Trustees Agent and taking all action required by the Collateral Trustees Agent for the purpose of perfecting or protecting the liens granted by this Agreement. Each Grantor will also keep the originals of the Assigned Agreements, and Related Contracts to which the such Grantor is a party and all originals of all chattel paper that evidence Receivables of the such Grantor, at the location therefor specified in Section 8(a) or, upon 30 days' prior written notice to the Collateral TrusteesAgent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of the such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). The Each Grantor will hold and preserve its records relating to the Collateral, the Assigned Agreements, the Related Contracts and chattel paper and will permit representatives of the Collateral Trustees Agent at any time during normal business hours and with reasonable prior notice to inspect and make abstracts from such records and other documents.

Appears in 2 contracts

Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Collateral Security Agreement (Pacificare Health Systems Inc /De/)

Place of Perfection; Records; Collection of Receivables. (a) The Each Grantor will not change its name, type of legal entity, federal tax identification number, organizational identification number or location from those set forth in Section 8(a) and (bSection 8(b) of this Agreement without first giving at least 30 days 15 days’ advance written notice to the Collateral Trustees Agent and taking all action required by the Collateral Trustees Agent for the purpose of perfecting or protecting the liens granted by this Agreement. Each Grantor will also keep the originals of the Assigned Agreements, Agreements and Related Contracts to which the such Grantor is a party and all originals of all chattel paper that evidence Receivables of the such Grantor, at the location therefor specified in Section 8(a) or, upon 30 15 days' prior written notice to the Collateral TrusteesAgent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of the such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). The Each Grantor will hold and preserve its records relating to the Collateral, the Assigned Agreements, the Related Contracts and chattel paper and will permit representatives of the Collateral Trustees Agent at any time during normal business hours and with reasonable prior notice to inspect and make abstracts from such records and other documents.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

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Place of Perfection; Records; Collection of Receivables. (a) The Each Grantor will not change its name, type of legal entity, federal tax identification number, organizational identification number or location from those set forth in Section 8(a) and (b) of this Agreement without first giving at least 30 days days' advance written notice to the Collateral Trustees Agent and taking all action required by the Collateral Trustees Agent for the purpose of perfecting or protecting the liens granted by this Agreement. Each Grantor will also keep the originals of the Assigned Agreements, Agreements and Related Contracts to which the such Grantor is a party and all originals of all chattel paper that evidence Receivables of the such Grantor, at the location therefor specified in Section 8(a) or, upon 30 days' prior written notice to the Collateral TrusteesAgent, at such other location in a jurisdiction where all actions required by Section 9 shall have been taken with respect to the Collateral of the such Grantor (and, upon the taking of such action in such jurisdiction, Schedule IV hereto shall be automatically amended to include such other location). The Each Grantor will hold and preserve its records relating to the Collateral, the Assigned Agreements, the Related Contracts and chattel paper and will permit representatives of the Collateral Trustees Agent at any time during normal business hours and with reasonable prior notice to inspect and make abstracts from such records and other documents.

Appears in 1 contract

Samples: Security Agreement (Pacificare Health Systems Inc /De/)

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