Common use of Maintenance of Records Generally Clause in Contracts

Maintenance of Records Generally. Each Grantor will keep and maintain at its own cost and expense records of its Collateral, complete in all material respects, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with its Collateral. Each Grantor will ▇▇▇▇ its books and records pertaining to its Collateral to evidence this Agreement and the Security Interests. For Lender’s further security, each Grantor agrees that Lender shall have a security interest in all of such Grantor’s books and records pertaining to its Collateral and, upon the occurrence and during the continuation of any Event of Default, such Grantor shall deliver and turn over full and complete copies of any such books and records to Lender or to its representatives at any time on demand of Lender. Upon reasonable notice from Lender, each Grantor shall permit any representative of Lender to inspect such books and records and will provide photocopies thereof to Lender.

Appears in 2 contracts

Sources: Security Agreement (Superior Uniform Group Inc), Credit Agreement (Superior Uniform Group Inc)

Maintenance of Records Generally. Each Grantor will keep and maintain at its own cost and expense records of its Collateral, complete in all material respects, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with its Collateral. Each Grantor will ▇▇▇▇ its books and records pertaining to its Collateral to evidence this Agreement and the Security Interests. For Lender’s Collateral Agent's further security, each Grantor agrees that Lender Collateral Agent shall have a security interest in all of such Grantor’s 's books and records pertaining to its Collateral and, upon the occurrence and during the continuation of any Event of Default, such Grantor shall deliver and turn over full and complete copies of any such books and records to Lender Collateral Agent or to its representatives at any time on demand of LenderCollateral Agent. Upon reasonable notice from LenderCollateral Agent, each Grantor shall permit any representative of Lender Collateral Agent to inspect such books and records and will provide photocopies thereof to LenderCollateral Agent.

Appears in 1 contract

Sources: Security Agreement (Ems Technologies Inc)