Common use of Control Accounts Clause in Contracts

Control Accounts. The accounts kept by the Agent constitute sufficient evidence, unless proven wrong, of the amount at any time due from the Borrower under this Agreement.

Appears in 3 contracts

Sources: Syndicated Credit Agreement (Thermadyne Holdings Corp /De), Loan Agreement (MGM Grand Inc), Bill Facility Agreement (Case Credit Corp)

Control Accounts. The accounts kept by the Agent constitute sufficient evidence, evidence unless proven wrong, the contrary is proved of the amount at any time due from the Borrower under this Agreement.

Appears in 1 contract

Sources: Bridging Facility Agreement (Bordeaux Acquisition Corp)

Control Accounts. The accounts kept by the Agent constitute sufficient evidence, unless proven wrong, of the amount at any time due from the Borrower Borrowers under this Agreement.

Appears in 1 contract

Sources: Syndicated Multi Option Facility Agreement (Consol Energy Inc)