Common use of Amounts Outstanding Clause in Contracts

Amounts Outstanding. The Holder of this Note is authorized to record the date and amount of each Loan evidenced by this Note, the date and amount of each payment or prepayment of principal hereof and the interest rate with respect thereto on a separate schedule, and any such schedule shall be conclusive and binding for all purposes absent manifest error; provided, however, that the failure of the Holder to make any such recordation or endorsement shall not affect the obligations of the Company hereunder or under the Loan Agreement or Security Agreement.

Appears in 2 contracts

Sources: 12% Senior Secured Note (Green Ballast, Inc.), 12% Senior Secured Note (Green Ballast, Inc.)