Common use of Billings Clause in Contracts

Billings. Agent may submit monthly xxxxxxxs reflecting payments xxx xxxm the Borrower; however, any changes in the interest rate which occur between the date of billing and the due date may be reflected in the billing for a subsequent month. Neither the failure of Agent to submit a billing nor any error in any such billing shall excuse the Borrower from the obligation to make full payment of the Borrower's payment obligations when due.

Appears in 2 contracts

Samples: Loan Agreement (Winthrop Realty Trust), Loan Agreement (Newkirk Master Lp)

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Billings. Agent may submit monthly xxxxxxxs billings reflecting payments xxx xxxm the Borrowerxxx; howeverxxwever, any changes in the interest ixxxxxxx rate which occur between the date of billing and the due date may be reflected in the billing for a subsequent month. Neither the failure of Agent to submit a billing nor any error in any such billing shall excuse the Borrower from the obligation to make full payment of the all Borrower's payment obligations when due.

Appears in 1 contract

Samples: Loan Agreement (Newkirk Master Lp)

Billings. Agent may submit monthly xxxxxxxs billings reflecting payments xxx xxxm the Borrowerpaymentx xxx; howeverxowever, any changes in the interest rate intexxxx xxxe which occur between the date of billing and the due date may be reflected in the billing for a subsequent month. Neither the failure of Agent to submit a billing nor any error in any such billing shall excuse the Borrower from the obligation to make full payment of the all Borrower's payment obligations when due.

Appears in 1 contract

Samples: Loan Agreement (Charter Municipal Mortgage Acceptance Co)

Billings. The Agent may will submit monthly xxxxxxxs billings reflecting payments xxx xxxm the Borrowerxxx; howeverxxwever, any changes in the interest rate intxxxxx xxte which occur between the date of billing and the due date may be reflected in the billing for a subsequent month. Neither the failure of the Agent to submit a billing nor any error in any such billing shall excuse the Borrower from the obligation to make full payment of all of the Borrower's payment obligations when due.

Appears in 1 contract

Samples: Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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Billings. Agent may submit monthly xxxxxxxs billings reflecting payments xxx xxxm the Borrowerpaxxxxxx due; however, any changes in the interest ix xxx xnterest rate which occur between the date of billing and the due date may be reflected in the billing for a subsequent month. Neither the failure of Agent to submit a billing nor any error in any such billing shall excuse the Borrower Borrowers from the obligation to make full payment of the Borrower's all Borrowers' payment obligations when due.

Appears in 1 contract

Samples: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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