A LOCATION OF A
BORROWER OR GUARANTOR PERMITTED HEREIN IN THE ORDINARY COURSE OF BUSINESS OF
SUCH BORROWER OR GUARANTOR IN THE POSSESSION OF THE CARRIER TRANSPORTING SUCH
GOODS.
IN THE EVENT THAT ANY GOODS, DOCUMENTS OF TITLE OR OTHER COLLATERAL ARE
AT ANY TIME AFTER THE EFFECTIVE DATE IN THE CUSTODY, CONTROL OR POSSESSION OF
ANY OTHER PERSON NOT REFERRED TO IN THE INFORMATION CERTIFICATE OR SUCH
CARRIERS, BORROWERS AND GUARANTORS SHALL PROMPTLY NOTIFY ADMINISTRATIVE AGENT
THEREOF IN WRITING.
PROMPTLY UPON ADMINISTRATIVE AGENT'S REQUEST, BORROWERS AND
GUARANTORS SHALL DELIVER TO ADMINISTRATIVE AGENT A COLLATERAL ACCESS AGREEMENT
DULY AUTHORIZED, EXECUTED AND DELIVERED BY SUCH PERSON AND THE BORROWER OR
GUARANTOR THAT IS THE OWNER OF SUCH COLLATERAL.
(K)
BORROWERS AND GUARANTORS SHALL TAKE ANY OTHER ACTIONS REASONABLY
REQUESTED BY ADMINISTRATIVE AGENT FROM TIME TO TIME TO CAUSE THE ATTACHMENT,
PERFECTION AND FIRST PRIORITY OF, AND THE ABILITY OF ADMINISTRATIVE AGENT TO
ENFORCE, THE SECURITY INTEREST OF ADMINISTRATIVE AGENT IN ANY AND ALL OF THE
COLLATERAL, INCLUDING, WITHOUT LIMITATION, (I) EXECUTING, DELIVERING AND, WHERE
APPROPRIATE, FILING FINANCING STATEMENTS AND AMENDMENTS RELATING THERETO UNDER
THE UCC OR OTHER APPLICABLE LAW, TO THE EXTENT, IF ANY, THAT ANY BORROWER'S OR
GUARANTOR'S SIGNATURE THEREON IS REQUIRED THEREFOR, (II) CAUSING ADMINISTRATIVE
AGENT'S NAME TO BE NOTED AS SECURED PARTY ON ANY CERTIFICATE OF TITLE FOR A
TITLED GOOD IF SUCH NOTATION IS A CONDITION TO ATTACHMENT, PERFECTION OR
PRIORITY OF, OR ABILITY OF ADMINISTRATIVE AGENT TO ENFORCE, THE SECURITY
INTEREST OF ADMINISTRATIVE AGENT IN SUCH COLLATERAL, (III) COMPLYING WITH ANY
PROVISION OF ANY STATUTE, REGULATION OR TREATY OF THE UNITED STATES AS TO ANY
COLLATERAL IF COMPLIANCE WITH SUCH PROVISION IS A CONDITION TO ATTACHMENT,
PERFECTION OR PRIORITY OF, OR ABILITY OF ADMINISTRATIVE AGENT TO ENFORCE, THE
SECURITY INTEREST OF ADMINISTRATIVE AGENT IN SUCH COLLATERAL, (IV) OBTAINING THE
CONSENTS AND APPROVALS OF ANY GOVERNMENTAL AUTHORITY OR THIRD PARTY, INCLUDING,
WITHOUT LIMITATION, ANY CONSENT OF ANY LICENSOR, LESSOR OR OTHER PERSON
OBLIGATED ON COLLATERAL, AND TAKING ALL ACTIONS REQUIRED BY ANY EARLIER VERSIONS
OF THE UCC OR BY OTHER LAW, AS APPLICABLE IN ANY RELEVANT JURISDICTION.
84
(L)
NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY,
ADMINISTRATIVE AGENT MAY DETERMINE, WITH RESPECT TO ANY SPECIFIC ITEMS OF
COLLATERAL, NOT TO PERFECT ITS SECURITY INTEREST THEREIN BASED ON THE DE MINIMIS
VALUE THEREOF RELATIVE TO THE COSTS ASSOCIATED WITH SUCH PERFECTION.
SECTION 6.
COLLECTION AND ADMINISTRATION
6.1
BORROWERS' LOAN ACCOUNTS.
ADMINISTRATIVE AGENT SHALL MAINTAIN
ONE OR MORE LOAN ACCOUNT(S) ON ITS BOOKS IN WHICH SHALL BE RECORDED (A) ALL
LOANS, LETTER OF CREDIT ACCOMMODATIONS AND OTHER OBLIGATIONS AND THE COLLATERAL,
(B) ALL PAYMENTS MADE BY OR ON BEHALF OF ANY BORROWER OR GUARANTOR AND (C) ALL
OTHER APPROPRIATE DEBITS AND CREDITS AS PROVIDED IN THIS AGREEMENT, INCLUDING
FEES, CHARGES, COSTS, EXPENSES AND INTEREST.
ALL ENTRIES IN THE LOAN ACCOUNT(S)
SHALL BE MADE IN ACCORDANCE WITH ADMINISTRATIVE AGENT'S CUSTOMARY PRACTICES AS
IN EFFECT FROM TIME TO TIME.
6.2
STATEMENTS.
ADMINISTRATIVE AGENT SHALL RENDER TO LEAD
BORROWER EACH