RECORDS
EVIDENCING WAREHOUSE ASSETS IN THE EVENT OF THE DESTRUCTION OF THE ORIGINALS
THEREOF), AND KEEP AND MAINTAIN, ALL DOCUMENTS, BOOKS, RECORDS AND OTHER
INFORMATION REASONABLY NECESSARY OR ADVISABLE FOR THE COLLECTION OF ALL
RECEIVABLES AND OTHER WAREHOUSE ASSETS (INCLUDING, WITHOUT LIMITATION, RECORDS
ADEQUATE TO PERMIT THE IMMEDIATE IDENTIFICATION OF EACH NEW RECEIVABLE AND ALL
COLLECTIONS OF AND ADJUSTMENTS TO EACH EXISTING RECEIVABLE).
CUSTOMER WILL GIVE
BUYER, CUSTODIAN AND SERVICER WRITTEN NOTICE OF ANY MATERIAL CHANGE IN THE
ADMINISTRATIVE AND OPERATING PROCEDURES REFERRED TO IN THE PREVIOUS SENTENCE.
(II)
CUSTOMER WILL KEEP BOOKS OF RECORD AND ACCOUNT OF CUSTOMER IN
WHICH FULL, TRUE AND CORRECT ENTRIES IN ACCORDANCE WITH GAAP WILL BE MADE OF ALL
DEALINGS OR TRANSACTIONS IN RELATION TO ITS BUSINESS AND ACTIVITIES, INCLUDING
THE SETTING UP ON ITS BOOKS, FROM INCOME, RESERVES ADEQUATE IN THE JUDGMENT OF
CUSTOMER AND CUSTOMER'S INDEPENDENT AUDITORS FOR OBSOLESCENCE, DEPRECIATION,
DEPLETION AND AMORTIZATION OF THE PROPERTIES OF CUSTOMER DURING EACH YEAR.
50
(F)
PERFORMANCE AND COMPLIANCE WITH RECEIVABLES AND CONTRACTS.
CUSTOMER WILL AT ITS EXPENSE TIMELY AND FULLY PERFORM AND COMPLY WITH ALL
PROVISIONS, COVENANTS AND OTHER PROMISES REQUIRED TO BE OBSERVED BY IT UNDER THE
CONTRACTS RELATED TO THE RECEIVABLES AND THE OTHER WAREHOUSE ASSETS.
(G)
LOAN ORIGINATION GUIDELINES.
CUSTOMER WILL COMPLY WITH THE LOAN
ORIGINATION GUIDELINES IN REGARD TO THE WAREHOUSE ASSETS, INCLUDING WITH RESPECT
TO EACH RECEIVABLE AND THE RELATED CONTRACT.
(H)
SUBSEQUENT ACTIONS.
AT THE REQUEST OF BUYER, CUSTOMER SHALL
EXECUTE AND DELIVER TO BUYER SUCH DOCUMENTS OR TAKE SUCH ACTION AS BUYER DEEMS
REASONABLY NECESSARY TO CARRY OUT THIS AGREEMENT AND THE OTHER TRANSACTION
DOCUMENTS.
(I)
MAINTENANCE OF PROPERTIES; CUSTOMER INSURANCE.
CUSTOMER WILL,
AND EACH OF ITS SUBSIDIARIES TO, MAINTAIN OR CAUSE TO BE MAINTAINED IN GOOD
REPAIR, WORKING ORDER AND CONDITION, ORDINARY WEAR AND TEAR EXCEPTED, ALL
MATERIAL PROPERTIES USED OR USEFUL IN THE BUSINESS OF CUSTOMER AND ITS
SUBSIDIARIES AND FROM TIME TO TIME WILL MAKE OR CAUSE TO BE MADE ALL APPROPRIATE
REPAIRS, RENEWALS AND REPLACEMENTS THEREOF.
CUSTOMER WILL MAINTAIN OR CAUSE TO
BE MAINTAINED, WITH FINANCIALLY SOUND AND REPUTABLE INSURERS, INSURANCE WITH
RESPECT TO CUSTOMER'S PROPERTIES AND BUSINESS AND THE PROPERTIES AND BUSINESSES
OF CUSTOMER'S SUBSIDIARIES AGAINST LOSS OR DAMAGE OF THE KINDS CUSTOMARILY
CARRIED OR MAINTAINED UNDER SIMILAR CIRCUMSTANCES BY CORPORATIONS OF ESTABLISHED
REPUTATION ENGAGED IN SIMILAR BUSINESSES.
(J)
CUSTOMER'S REMEDIAL ACTION REGARDING HAZARDOUS MATERIALS.
CUSTOMER SHALL PROMPTLY TAKE, AND SHALL CAUSE EACH OF ITS SUBSIDIARIES PROMPTLY
TO TAKE, ALL NECESSARY REMEDIAL ACTION IN CONNECTION WITH THE PRESENCE, STORAGE,
USE, DISPOSAL, TRANSPORTATION OR RELEASE OF ANY HAZARDOUS MATERIALS ON, UNDER OR
ABOUT ANY FACILITY IN ORDER TO COMPLY WITH ALL APPLICABLE ENVIRONMENTAL LAWS AND
GOVERNMENTAL AUTHORIZATIONS.
IF CUSTOMER OR ANY OF ITS SUBSIDIARIES UNDERTAKES
ANY REMEDIAL ACTION WITH RESPECT TO ANY HAZARDOUS MATERIALS ON, UNDER OR ABOUT
ANY FACILITY, CUSTOMER SHALL CAUSE SUCH REMEDIAL ACTION TO BE CONDUCTED AND
COMPLETED IN COMPLIANCE WITH ALL APPLICABLE ENVIRONMENTAL LAWS, AND IN
ACCORDANCE WITH THE POLICIES, ORDERS AND DIRECTIVES OF ALL APPLICABLE
GOVERNMENTAL AUTHORITIES