Common use of Keeping and Marking of Records and Books Clause in Contracts

Keeping and Marking of Records and Books. (i) Each of the Originators will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators will give the Buyer (or its assigns) notice of any change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators will (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agent), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following the occurrence of a Termination Event hereunder: (1) ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable of the Administrative Agent (on behalf of the Purchasers), and (2) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possession.

Appears in 3 contracts

Sources: Omnibus Amendment (COMMERCIAL METALS Co), Receivables Sale Agreement, Receivables Purchase Agreement, Performance Undertaking (Commercial Metals Co), Receivables Sale Agreement (Commercial Metals Co)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable)) and the identification and segregation of Excluded Receivables. Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables of such Originator with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Asset Portfolio of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following the occurrence of a Termination Event hereunder: ), (1x) ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables of such Originator and further describing ownership interests in the Receivable Asset Portfolio of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Patterson Companies, Inc.), Receivables Sale Agreement (Patterson Companies, Inc.)

Keeping and Marking of Records and Books. (i) Each of the Originators Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables and the performance of the Originator’s duties under the Transaction Documents and the Servicing Agreements(12) (including, without limitation, (A) records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing ReceivableReceivable and (B) the performance of the calculations and allocations required by the Intercreditor Agreement and the Servicing Agreements). Each of the Originators Originator will give the Buyer (or and its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Originator will (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentits assigns), describing the Buyer’s ’s (11) Section 4.1(d) was revised by Amendment No. 9. (12) Section 4.1(e)(i) was amended by Amendment No. 9. ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following at any time after the occurrence of a Termination Event hereunder: (1) ▇▇▇▇ each Contract with a legend describing Event, upon the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable request of the Administrative Agent (on behalf of the Purchasers)Agent, and (2) deliver to the Buyer (or its assignsassigns as directed by the Administrative Agent) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables Receivables, provided, that are in the requirements of this clause (B) shall apply solely to any Contract consisting of the Originators’ possessionor evidenced by an instrument or chattel paper.

Appears in 2 contracts

Sources: Intercreditor Agreement (Consumers Energy Co), Intercreditor Agreement (Consumers Energy Co)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Receivables originated by it 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereofClosing Date, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable security interest of the Administrative Agent Administrator (on behalf of the PurchasersSecured Parties) under the Purchase Loan Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following from and after the occurrence of a Termination Event hereunderEvent: (1x) ▇▇▇▇ each invoice evidencing any Receivable and each Contract constituting chattel paper with a legend describing the Buyer’s ownership interests in the Receivables thereof and further describing ownership interests in the Receivable security interest of the Administrative Agent Administrator (on behalf of the Purchasers), Lender and its assigns) and (2y) at any time after Jarden or one of its Affiliates is no longer acting as a Servicer, deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionsuch Receivables.

Appears in 2 contracts

Sources: Receivables Contribution and Sale Agreement (Jarden Corp), Receivables Contribution and Sale Agreement (Jarden Corp)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing its Receivables 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 the collection of all Receivables originated by it (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereof, mark ▇▇▇ its master data processing records and other books and records relating to the its Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s 's ownership interests in the such Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) at any time following the occurrence of a Termination an Amortization Event hereunder: under the Purchase Agreement, (1x) mark ▇▇▇▇ each h Contract and Invoice related to its Receivables with a legend describing the Buyer’s 's ownership interests in the its Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all such Contracts and Invoices (including, without limitation, all multiple originals of any such ContractContract and Invoice) relating to the Receivables that are in any of the Originators’ possessionits Receivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Jabil Circuit Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Receivables originated by it 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereofClosing Date, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable security interest of the Administrative Agent Administrator (on behalf of the PurchasersSecured Parties) under the Purchase Loan Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following from and after the occurrence of a Termination Event hereunderEvent: (1x) ▇▇▇▇ each invoice evidencing any Receivable and each Contract constituting chattel paper with a legend describing the Buyer’s ownership interests in the Receivables thereof and further describing ownership interests in the Receivable security interest of the Administrative Agent Administrator (on behalf of the Purchasers), Lenders and their assigns) and (2y) at any time after Jarden or one of its Affiliates is no longer acting as a Servicer, deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionsuch Receivables.

Appears in 1 contract

Sources: Receivables Contribution and Sale Agreement (Jarden Corp)

Keeping and Marking of Records and Books. (i) Each of the Originators Originator will (and will cause each Original Seller to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Originator will (and will cause each Original Seller to) give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Originator will (and will cause each Original Seller to) (A) on or prior to the date hereof, mark its master d▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following after the occurrence of a Termination Event hereunder: Event, (1x) mark each Contrac▇ ▇▇▇▇ each Contract with th a legend describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Interface Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Originator will, and will cause Butcher to, maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Originator will, and will cause Butcher to, (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of Buyer or the Buyer Agent, (or its assignsx) at any time, following the occurrence of a Termination Event hereunder: (1) an Amortization Event, at which the Agent is considering the termination of Buyer as Servicer or Originator as Sub-Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) after the termination of the Buyer as Servicer or any Originator as Sub-Servicer, deliver to Buyer or the Buyer (or its assigns) Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Johnsondiversey Holdings Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Originator will (A) on or prior to the date hereof, ▇▇▇▇ mark its master data processing records and other ▇▇▇▇r books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) after the occurrence of an Amortization Event that has not been waived in accordance with the terms hereof, upon the reasonable request of the Buyer (or its assigns), (x) following the occurrence of a Termination Event hereunder: (1) ▇▇▇▇ mark each Contract with a legend describing the Buyer’s ▇▇▇▇r's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (School Specialty Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Original Seller will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Original Seller will give the Buyer Originator (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Original Seller will (A) on or prior to the date hereof, ▇▇▇▇ mark its master data processing records re▇▇▇▇s and other books and records relating to the Receivables of such Original Seller with a legend, acceptable to the Buyer Originator (and the Administrative Agentor its assigns), describing the Buyer’s Originator's and SPV's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer Originator (or its assigns) following after the occurrence of a Termination Event hereunder: Event, (1x) ▇▇▇▇ mark each Contract with a legend lege▇▇ describing the Buyer’s Originator's and SPV's ownership interests in the Receivables of such Original Seller and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer Originator (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Transfer Agreement (Interface Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Receivables of such Originator 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereof, mark ▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable occurrence and during the continuance of an Amortization Event pursuant to the Purchase Agreement, upon the request of the Buyer (or its assigns), (x) following the occurrence of a Termination Event hereunder: (1) mark ▇▇▇▇ each h Contract with a legend describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Plexus Corp)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables originated by it 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 the collection of all such Receivables (including, without limitation, records adequate to permit the immediate identification of each such new Receivable and all Collections of and adjustments to each such existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators will Such Originator will: (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables originated by it with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the such Receivables and further describing ownership interests in the Receivable Purchased Interests of the Administrative Program Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following the occurrence of a Termination Event hereunder: ), (1x) ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the such Receivables and further describing ownership interests in the Receivable Purchased Interests of the Administrative Program Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionsuch Receivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Pepsiamericas Inc/Il/)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables originated by it 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 the collection of all such Receivables (including, without limitation, records adequate to permit the immediate identification of each such new Receivable and all Collections of and adjustments to each such existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators will Such Originator will: (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables originated by it with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the such Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or the Agent, as its assignsassignee) following upon the occurrence and during the continuation of a Termination an Amortization Event hereunderor Potential Amortization Event: (1x) ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the such Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), ) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionsuch Receivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Ralcorp Holdings Inc /Mo)

Keeping and Marking of Records and Books. (i) Each of the Originators IPFS will (and will cause Original Seller to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators IPFS will (and will cause Original Seller to) give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators IPFS will (and will cause Original Seller to) (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Loans of the Administrative Agent (on behalf of the Purchasers) Lenders under the Purchase Credit and Security Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following the occurrence and continuation of a Termination Event hereunderEvent: (1x) ▇▇▇▇ each Contract constituting an instrument, chattel paper or a certificated security (each as defined in the UCC) with a legend describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Loans of the Administrative Agent (on behalf of the Purchasers), Lenders and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such ContractContract constituting an instrument, chattel paper or a certificated security) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale and Contribution Agreement (International Paper Co /New/)

Keeping and Marking of Records and Books. (i) Each of the Originators Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Such Originator will give the Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Such Originator will (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records relating including aged trial balance with respect to the Receivables with a legend, acceptable to the Buyer (and the Administrative Agentor its assigns), describing the Buyer’s 's ownership interests in the Receivables and further describing ownership interests the security interest in the Receivable of the Administrative Agent (on behalf of the PurchasersLenders) under the Purchase Credit and Security Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following the occurrence of made at any time when a Termination Event hereunderhas occurred and is continuing: (1x) ▇▇▇▇ each Contract with a legend describing the Buyer’s 's ownership interests in the Receivables originated by such Originator and further describing ownership the security interests in the Receivable of the Administrative Agent (on behalf of the Purchasers), Lenders) and (2y) deliver to the Buyer (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionsuch Receivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Equifax Inc)

Keeping and Marking of Records and Books. (i) Each of the Originators Seller will (and will cause each other Originator to) maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables 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 the collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Each of the Originators Seller will give the Buyer (or its assignsand the Agent and each Managing Agent, as Buyer’s assignees) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Each of the Originators Seller will (and will cause each other Originator to) (A) on or prior to the date hereof, ▇▇▇▇ its master data processing records and other books and records cause all reports relating to the Receivables with to bear a legend, acceptable to the Buyer (and the Administrative Agent and each Managing Agent, as Buyer’s assignees), describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers) Purchasers under the Purchase Agreement and (B) upon the reasonable request of the Buyer (or its assigns) following from and after the occurrence of a Termination Event hereunder: an Amortization Event, (1x) ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables and further describing ownership interests in the Receivable Purchaser Interests of the Administrative Agent (on behalf of the Purchasers), Purchasers and (2y) deliver to the Buyer (or its assignsand the Agent and each Managing Agent, as Buyer’s assignees) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables that are in any of the Originators’ possessionReceivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Anixter International Inc)