Common use of Maintenance of Records Generally Clause in Contracts

Maintenance of Records Generally. Such Grantor will keep and maintain in accordance with GAAP at its own cost and expense satisfactory records of the Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. All Chattel Paper will be marked with the following legend: “This writing and the obligations evidenced or secured hereby are subject to the security interest of Wilmington Trust, National Association, as Initial Term Agent, and ▇▇▇▇▇ Fargo Bank, National Association, as Initial ABL Agent, and the terms of that certain Intercreditor Agreement dated as of November 8, 2017, as amended from time to time.”

Appears in 2 contracts

Sources: Security Agreement (Pioneer Energy Services Corp), Term Loan Agreement (Pioneer Energy Services Corp)