Common use of Account Stated Clause in Contracts

Account Stated. Lender shall render to Borrower a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, as an account stated, except to the extent that Lender receives, within thirty (30) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 9 contracts

Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Jones Soda Co), Loan and Security Agreement (Tri-S Security Corp)

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Account Stated. Lender shall render to Borrower a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, Borrower as an account stated, except to the extent that Lender Xxxxxx receives, within thirty sixty (3060) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement, and then it shall be binding against Borrower as to any items to which it has not objected.

Appears in 2 contracts

Samples: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)

Account Stated. 22.1 Lender shall render to Borrower a statement setting forth the transactions arising hereunderhereunder either electronically or by mail. Each statement shall be considered correct and binding upon Borrower, absent manifest error, as an account stated, except to the extent that Lender receives, within thirty (30) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Energy Focus, Inc/De), Loan and Security Agreement (LIVE VENTURES Inc)

Account Stated. Lender shall render to Borrower a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, Borrower as an account stated, except to the extent that Lender receives, within thirty (30) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Photomatrix Inc/ Ca), Loan and Security Agreement (Telenetics Corp)

Account Stated. Lender shall render to Borrower a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, as an account stated, except to the extent that Lender receives, within thirty sixty (3060) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Synthetech Inc), Loan and Security Agreement (Synthetech Inc)

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Account Stated. 21.1 Lender shall render to Borrower a statement setting forth the transactions arising hereunderhereunder either electronically or by mail. Each statement shall be considered correct and binding upon Borrower, absent manifest error, as an account stated, except to the extent that Lender receives, within thirty (30) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (MusclePharm Corp)

Account Stated. Lender shall render to Borrower Borrowers a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, Borrowers as an account stated, except to the extent that Lender receives, within thirty sixty (3060) days after the mailing of such statement, written notice from Borrower Borrowers of any specific exceptions by Borrower Borrowers to that statement.

Appears in 1 contract

Samples: Credit Agreement (Big Dog Holdings Inc)

Account Stated. 21.1 Lender shall render to Borrower a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon Borrower, absent manifest error, as an account stated, except to the extent that Lender receives, within thirty (30) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Purchase Point Media Corp)

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