Common use of CONFIRMATION STATEMENT Clause in Contracts

CONFIRMATION STATEMENT. Lender shall, with respect to each Loan, deliver a completed confirmation statement substantially in form and substance attached hereto as Exhibit B (in each case, the "Confirmation Statement") to Borrower confirming the agreement between Borrower and Lender as to the specific terms of the applicable Loan. Each such Confirmation Statement shall, when duly executed and delivered by Borrower, constitute a binding agreement between Borrower and Lender, and this Agreement is hereby incorporated in its entirety into each such Confirmation Statement and made a part thereof as if it were set out in full in each such Confirmation Statement. In case of any inconsistency between any provisions of a Confirmation Statement and any provisions of this Agreement, the provisions of such Confirmation Statement shall control.