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

Keeping and Marking of Records and Books. (i) 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 timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) 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 Buyer (or its assigns), describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of Buyer or the Agent, (x) at any time, following the occurrence of a Termination Event, at which the Agent is considering the termination of JDI as Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI as Servicer, deliver to Buyer or, if so directed by Buyer, the Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 3 contracts

Sources: Receivables Sale Agreement, Receivables Sale Agreement (Johnsondiversey Inc), Receivables Sale Agreement (Johnsondiversey Holdings Inc)

Keeping and Marking of Records and Books. (i) 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Originator will (A) on or prior to the date hereofInitial Sale Date, ▇▇▇▇ its master data processing records and other books and records relating to the Receivables with a legend, acceptable to Buyer (or its assigns), describing Buyer’s 's ownership interests in the Receivables and further describing the Purchaser Receivable Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of Buyer (or the Agent, (xits assigns) at any time, following the occurrence of a Termination Event or an Amortization Event, at which the Agent is considering the termination of JDI as Servicer for purposes of the Purchase Agreement, : (x) ▇▇▇▇ each Contract constituting an instrument, chattel paper, a negotiable document, a letter of credit or a certificated security (each as defined in the UCC) with a legend describing Buyer’s 's ownership interests in the Receivables and further describing the Purchaser Receivable Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI as Servicer, deliver to Buyer or, if so directed by Buyer, the Agent (or its assigns) all such Contracts (including, without limitationif applicable, all multiple originals of any such Contract) relating to the Receivables).

Appears in 2 contracts

Sources: Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (Adc Telecommunications Inc)

Keeping and Marking of Records and Books. (i) 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) Buyer, the Agent and each Managing Agent notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) 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 Buyer (or its assigns)and the Agent, describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Managing Agents and the Purchasers) under the Purchase Agreement and (B) upon the request of Buyer or the AgentAgent (with the consent or at the direction of the Required Financial Institutions) after the occurrence and during the continuation of a Termination Event or an Amortization Event under the Purchase Agreement, (x) at any time, following the occurrence of a Termination Event, at which the Agent is considering the termination of JDI as Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Managing Agents and the Purchasers) and (y) after the termination of JDI as Servicer, deliver to Buyer or, if so directed by Buyer, (or the Agent as Buyer’s assignee) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Timken Co), Receivables Sale Agreement (Timken Co)

Keeping and Marking of Records and Books. (i) 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 timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) 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 Buyer (or its assigns), describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of Buyer (or the Agentits assigns), (x) at any time, following the occurrence of a Termination an Amortization Event, at which the Agent is considering the termination of JDI Seller as Servicer for purposes of the Purchase AgreementServicer, ▇▇▇▇ each Contract with a legend describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI the Buyer as Servicer or any Originator as Sub-Servicer, deliver to Buyer or, if so directed by Buyer, the Agent (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Johnson Polymer Inc), Receivables Sale Agreement (Johnson Polymer Inc)

Keeping and Marking of Records and Books. (i) 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 timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Originator will 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 Buyer (or its assigns), describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of Buyer or the Agent, (x) at any time, following the occurrence of a Termination an Amortization Event, at which the Agent is considering the termination of JDI Buyer as Servicer or Originator as Sub-Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI Buyer as Servicer or any Originator as Sub-Servicer, deliver to Buyer or, if so directed by Buyer, or the Agent all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Johnsondiversey Inc), Receivables Sale Agreement (Johnsondiversey Holdings Inc)

Keeping and Marking of Records and Books. (i) Originator The Parent 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator The Parent will give Buyer the SPV (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) Originator The Parent 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 Buyer the SPV (or its assigns), describing Buyer’s the SPV's ownership interests in the Receivables and further describing the Purchaser Interests security interest of the Administrative Agent (on behalf of the PurchasersSecured Parties) under the Purchase Agreement and (B) upon the request of Buyer the SPV (or the Agent, (xits assigns) at any time, following the occurrence of a Termination an Amortization Event, at which the Agent is considering the termination of JDI as Servicer for purposes of the Purchase Agreement, : (1) ▇▇▇▇ each Contract with a legend describing Buyer’s the SPV's ownership interests in the Receivables originated by the Parent and further describing the Purchaser Receivable Interests of the Administrative Agent (on behalf of the PurchasersSecured Parties) and (y2) after the termination occurrence of JDI as Servicerany Termination Event, deliver to Buyer or, if so directed by Buyer, the Agent SPV (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the such Receivables.

Appears in 1 contract

Sources: Receivables Contribution Agreement (Thomas & Betts Corp)

Keeping and Marking of Records and Books. (i) 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 timely identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Originator will give Buyer (or its assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. (ii) 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 Buyer (or its assigns), describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Table of Contents Purchasers) under the Purchase Agreement and (B) upon the request of Buyer (or the Agentits assigns), (x) at any time, following the occurrence of a Termination an Amortization Event, at which the Agent is considering the termination of JDI Seller as Servicer for purposes of the Purchase AgreementServicer, ▇▇▇▇ each Contract with a legend describing Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI the Buyer as Servicer or any Originator as Sub-Servicer, deliver to Buyer or, if so directed by Buyer, the Agent (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 1 contract

Sources: Receivables Sale Agreement (Johnson Polymer Inc)

Keeping and Marking of Records and Books. (i) Originator It 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The 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) Originator It 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 (or its assigns), describing the Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of the Buyer (or the Agentits assigns), (x) at any time, time following the occurrence of a Termination an Amortisation Event, at upon which the Agent is considering the termination of JDI the appointment of the Seller as Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI the appointment of the Buyer as Servicer, Servicer or any Originator as Sub-Servicer deliver to the Buyer or, if so directed by Buyer, the Agent (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 1 contract

Sources: Receivables Offer Deed (Johnsondiversey Inc)

Keeping and Marking of Records and Books. (i) Originator It 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 timely immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). The 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) Originator It 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 (or its assigns), describing the Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) under the Purchase Agreement and (B) upon the request of the Buyer (or the Agentits assigns), (x) at any time, time following the occurrence of a Termination an Amortisation Event, at upon which the Agent is considering the termination of JDI the appointment of the Seller as Servicer for purposes of the Purchase Agreement, ▇▇▇▇ each Contract with a legend describing the Buyer’s ownership interests in the Receivables and further describing the Purchaser Interests of the Agent (on behalf of the Purchasers) and (y) after the termination of JDI the appointment of the Buyer as Servicer, Servicer or any Originator as Sub- Servicer deliver to the Buyer or, if so directed by Buyer, the Agent (or its assigns) all Contracts (including, without limitation, all multiple originals of any such Contract) relating to the Receivables.

Appears in 1 contract

Sources: Receivables Offer Deed (Johnsondiversey Holdings Inc)