Common use of Continuous Perfection; Computer Records Clause in Contracts

Continuous Perfection; Computer Records. The Transferor shall not --------------------------------------- change its name, identity or structure in any manner which might make any financing or continuation statement filed hereunder misleading within the meaning of Section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless the Transferor shall have given the Trustee at least 90 days' prior written notice thereof and shall have taken all action 60 days prior to making such change (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or advisable to amend such financing statement or continuation statement so that it is not misleading. The Transferor shall not change its chief executive office or change the location of its principal records concerning the Receivables, the Related Property or the Collections from the locations specified in Section 2.03(j) --------------- unless it has given the Trustee at least 30 days' prior written notice of its intention to do so and has taken such action as is necessary or advisable to cause the interest of the Trustee in the Receivables and the other Trust Assets to continue to be perfected with the priority required by this Agreement. The Transferor will at all times maintain its principal executive office and any other office at which it maintains records relating to the Receivables and the Related Property within the United States of America. The Transferor will at all times, at its expense, indicate on its books and records (including any computer files) that all Receivables and Related Property have been transferred to the Trust pursuant to this Agreement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Compucom Systems Inc), Servicing Agreement (Compucom Systems Inc), Servicing Agreement (Safeguard Scientifics Inc Et Al)

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Continuous Perfection; Computer Records. The Transferor shall not --------------------------------------- change its name, identity or structure in any manner which might make any financing or continuation statement filed hereunder misleading within the meaning of Section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless the Transferor shall have given the Trustee at least 90 days' prior written notice thereof and shall have taken all action 60 days prior to making such change (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or advisable to amend such financing statement or continuation statement so that it is not misleading. The Transferor shall not change its chief executive office or change the location of its principal records concerning the Receivables, the Related Property or the Collections from the locations specified in Section 2.03(j) --------------- unless it has given the Trustee at --------------- least 30 days' prior written notice of its intention to do so and has taken such action as is necessary or advisable to cause the interest of the Trustee in the Receivables and the other Trust Assets to continue to be perfected with the priority required by this Agreement. The Transferor will at all times maintain its principal executive office and any other office at which it maintains records relating to the Receivables and the Related Property within the United States of America. The Transferor will at all times, at its expense, indicate on its books and records (including any computer files) that all Receivables and Related Property have been transferred to the Trust pursuant to this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucom Systems Inc)

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