Common use of Evidence of Loans and Letters of Credit Clause in Contracts

Evidence of Loans and Letters of Credit. (a) The Lender shall maintain accounts evidencing the indebtedness of the Borrower to the Lender resulting from each Loan made by the Lender and each Letter of Credit issued for the benefit of the Borrower from time to time, including the amounts of principal and interest payable and paid to the Lender in respect of Loans or Letters of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Associates Realty Corp)

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Evidence of Loans and Letters of Credit. (a) 1. The Lender shall maintain accounts evidencing the indebtedness of the Borrower to the Lender resulting from each Loan made by the Lender and each Letter of Credit issued for the benefit of the Borrower from time to time, including the amounts of principal and interest payable and paid to the Lender in respect of Loans or Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Reckson Services Industries Inc)

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