Common use of Offices and Records Clause in Contracts

Offices and Records. Such Seller shall maintain its jurisdiction of organization, principal place of business and chief executive office at the respective locations specified in Schedule 4.01(b) or, upon 15 days’ prior written notice to Buyer and the Administrative Agent, at such other location in a jurisdiction where all action requested by Buyer or the Administrative Agent pursuant to Section 6.13 shall have been taken with respect to the Transferred Receivables. Such Seller shall at its own cost and expense, for not less than three years from the date on which each Transferred Receivable was originated, or for such longer period as may be required by law, maintain adequate Records with respect to such Transferred Receivable, including records of all payments received, credits granted and merchandise returned with respect thereto. Upon the request of Buyer, such Seller shall (i) ▇▇▇▇ each Contract (other than invoices) evidencing each Transferred Receivable with a legend, acceptable to Buyer, evidencing that Buyer has purchased such Transferred Receivable and that the Administrative Agent, for the benefit of the Lenders, has a security interest in and lien thereon, and (ii) ▇▇▇▇ its master data processing records evidencing such Transferred Receivables with such a legend.

Appears in 3 contracts

Sources: Receivables Sale Agreement (Sungard Data Systems Inc), Receivables Sale Agreement (SunGard Systems International Inc.), Receivables Sale Agreement (Sungard Data Systems Inc)