Common use of Jurisdiction of Organization; Location of Records Clause in Contracts

Jurisdiction of Organization; Location of Records. The Borrower shall not change its jurisdiction of organization or permit the documents and records evidencing the Receivables to be moved unless (i) the Borrower or the Servicer, as the case may be, shall have given to the Administrator prior written notice thereof, clearly describing the new location, and (ii) the Borrower shall have taken such action, satisfactory to the Administrator, to maintain the title or ownership of the Borrower and any security interest of the Administrator, for the benefit of the Secured Parties) in the Collateral at all times fully perfected and in full force and effect. Except for servicing and collection activities performed at the locations of Originators appointed as sub-Servicers pursuant to Section 11.2.2(c), the Servicer shall not, in any event, move the location where it conducts the servicing and collection of the Receivables from the address referred to on Schedule 15.3 to this Agreement, without the prior written consent of the Administrator, which consent shall not be unreasonably withheld or delayed.

Jurisdiction of Organization; Location of Records. The Borrower shall not change its jurisdiction of organization or permit the documents and records evidencing the Receivables to be moved unless (i) the Borrower or the ServicerCollection Agent, as the case may be, shall have given to the Administrator Administrative Agent prior written notice thereof, clearly describing the new location, and (ii) the Borrower shall have taken such action, satisfactory to the AdministratorAdministrative Agent, to maintain the title or ownership of the Borrower and any security interest of the AdministratorAdministrative Agent, for the benefit of the Secured Parties) in the Collateral at all times fully perfected and in full force and effect. Except for servicing and collection activities performed at the locations of Originators appointed as sub-Servicers Collection Agents pursuant to Section 11.2.2(c), the Servicer Collection Agent shall not, in any event, move the location where it conducts the servicing and collection of the Receivables from the address referred to on Schedule 15.3 to this Agreement, without the prior written consent of the AdministratorAdministrative Agent, which consent shall not be unreasonably withheld or delayed.

Jurisdiction of Organization; Location of Records. The Borrower shall not change its jurisdiction of organization or permit the documents and records evidencing the Receivables to be moved unless (i) the Borrower or the Servicer, as the case may be, shall have given to the Administrator prior written notice thereof, clearly describing the new location, and (ii) the Borrower shall have taken such action, satisfactory to the Administrator, to maintain the title or ownership of the Borrower and any security interest of the Administrator, for the benefit of the Secured Parties) , in the Collateral at all times fully perfected and in full force and effect. Except for servicing and collection activities performed at the locations of Originators appointed as sub-Servicers pursuant to Section 11.2.2(c), the Servicer shall not, in any event, move the location where it conducts the servicing and collection of the Receivables from the address referred to on Schedule 15.3 to this Agreement, without the prior written consent of the Administrator, which consent shall not be unreasonably withheld or delayed.