Common use of COMMITTED CREDIT LOAN ACCOUNTS Clause in Contracts

COMMITTED CREDIT LOAN ACCOUNTS. Each Bank will open and maintain a loan account (each a "COMMITTED CREDIT LOAN ACCOUNT") on its books in the name of each Borrower with respect to such Bank's Committed Credit Loans to such Borrower. Each Committed Credit Loan made by a Bank will be debited, and each payment or prepayment on account thereof will be credited, to the Committed Credit Loan Account maintained by such Bank; PROVIDED that the failure of any Bank to record such amounts in its Committed Credit Loan Account shall not affect the obligations of any Borrower hereunder with respect thereto. The Operations Agent shall maintain a record of amounts owing with respect to each Committed Credit Loan Account, which record shall be considered, absent manifest error, PRIMA FACIE evidence of the matters noted therein; PROVIDED that the failure of the Operations Agent to maintain such record shall not affect or impair the validity or binding nature of any Committed Credit Loan Account.