Common use of Evidence of Obligations Clause in Contracts

Evidence of Obligations. The Lender shall maintain an account evidencing the indebtedness and liabilities of the Borrower hereunder and the amounts of principal accrued, interest and other amounts owing and paid from time to time hereunder. In any legal action or Proceeding in respect of this Agreement, the entries made in such account shall be conclusive evidence of the existence and amounts of the Obligations of the Borrower therein recorded, absent manifest error.

Appears in 2 contracts

Samples: Consolidated Loan Agreement (Liminal BioSciences Inc.), Fourth Loan Agreement (Liminal BioSciences Inc.)

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Evidence of Obligations. The Lender shall maintain an account evidencing the indebtedness and liabilities of the Borrower Borrowers hereunder and the amounts of principal accruedprincipal, interest and other amounts owing and paid from time to time hereunder. In any legal action or Proceeding proceeding in respect of this Agreement, the entries made in such account shall be conclusive evidence of the existence and amounts of the Obligations obligations of the Borrower Borrowers therein recorded, absent manifest error.

Appears in 2 contracts

Samples: Working Capital Facility Agreement (Sunshine Silver Mining & Refining Corp), Working Capital Facility Agreement (Sunshine Silver Mining & Refining Corp)

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Evidence of Obligations. The Lender shall maintain an account evidencing the indebtedness and liabilities of the Borrower hereunder and the amounts of principal accruedprincipal, interest and other amounts owing and paid from time to time hereunder. In any legal action or Proceeding proceeding in respect of this Agreement, the entries made in such account shall be conclusive evidence of the existence and amounts of the Obligations obligations of the Borrower therein recorded, absent manifest error.

Appears in 1 contract

Samples: Share Purchase Agreement (Residential Capital, LLC)

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