Common use of Retention of Borrower’s Records Clause in Contracts

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 days of the Lender taking control of same.

Appears in 17 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/)

AutoNDA by SimpleDocs

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Borrowers or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower Borrowers must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 days of the Lender taking control of same.

Appears in 3 contracts

Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Emrise CORP)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 thirty (30) days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 thirty (30) days of the Lender taking control of same.

Appears in 3 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/), Credit and Security Agreement (Digital Angel Corp)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 of this Agreement within 30 days of the Lender taking control of same.

Appears in 2 contracts

Samples: Credit and Security Agreement (Waters Instruments Inc), Credit and Security Agreement (Exabyte Corp /De/)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Borrowers or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower Borrowers must inform the Lender of its their need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Pacific Cma Inc)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Borrowers or in connection with the Loan Documents for more than 30 thirty (30) days after receipt by the Lender. If there is a special need to retain specific records, the Borrower Borrowers must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 of this Agreement within 30 thirty (30) days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Parent Guarantor, the Borrower, MMA Mortgage Corporation, or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 7.3 of this Agreement within 30 days of the Lender taking control of same.

Appears in 1 contract

Samples: Term Loan Agreement (Municipal Mortgage & Equity LLC)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc)

AutoNDA by SimpleDocs

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 8.4 within 30 days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Delphax Technologies Inc)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 0 of this Agreement within 30 days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Borrowers or in connection with the Loan Documents for more than 30 thirty (30) days after receipt by the Lender. If there is a special need to retain specific records, the Borrower Borrowers must inform the Lender of its the need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 thirty (30) days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement   by And (Miscor Group, Ltd.)

Retention of Borrower’s Records. The Except to the extent required by applicable law, the Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, agings or other papers delivered to the Lender by the Borrower or in connection with the Loan Documents for more than 30 thirty (30) days after receipt by the Lender. If there is a special need to retain specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 thirty (30) days of the Lender taking control of same.

Appears in 1 contract

Samples: Credit and Security Agreement (Gaia, Inc)

Retention of Borrower’s Records. The Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices, agings, or other papers delivered to the Lender by the Borrower Borrowers or in connection with the Loan Documents for more than 30 10 days after receipt by the Lender. If there is a special need to retain -51 specific records, the Borrower must inform the Lender of its need to retain those records with particularity, which must be delivered in accordance with the notice provisions of Section 8.3 within 30 10 days of the Lender taking control of same.

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.